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New York

Omnibuild Construction to buy Cava Construction

The contractor projects $200M in revenue in 2015

Peter Serpico John Mingione
From left: Peter Serpico and John Mingione

Two mid-level construction firms are looking to build a future together.

Omnibuild Construction, the company behind the 35-story, 600-key Doubletree Hotel project at 350 West 40th Street in Midtown, will buy a longtime collaborator, Cava Construction.

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Cava’s CEO Peter Serpico will lead the new firm, while Omnibuild’s founder John Mingione will serve as COO.

The newly merged company operates a total of 16 sites throughout the city – including the 29-story, 249-key Hilton Garden Inn at 6 Water Street in the Financial District and the 30-story, 179-key Courtyard Marriot at 133 Greenwich Street – and expects to make around $200 million in revenue this year, according to a news release.

The two companies have operated under a strategic partnership since 2010, according to a March news release. – Ariel Stulberg

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Construction