TOPSHAM — Contractor Harry C. Crooker and Sons has been sold for an undisclosed price to its chief engineer and a group of local investors.
The company announced the sale in a news release early Tuesday, noting that “the company remains locally owned and operated while retaining all of the employees and the management team.”
Ted Crooker, the company’s treasurer and a part owner, declined to comment on the sale when reached by phone early Tuesday, saying a 95-word news release is the only statement he wished to give at this time. He did not confirm whether he still has an ownership stake in the company.
Thomas Sturgeon, who will take over as the company’s president and CEO, said in an email that he is one of the company’s new owners along with a group of local investors. He declined to disclose the sale price or the company’s annual revenue.
Neither Crooker nor Sturgeon responded to a follow-up question about whether other Crooker-owned companies, such as Maine Gravel Services, which owns gravel pits in six area communities and an asphalt plant in Topsham assessed at $4.7 million, were part of the sale.
The company, which was founded in 1935 by Harry Crooker, has about 150 employees and specializes in heavy construction, including road building, underground utility installation and commercial site preparation.
According to a July update on the company’s website, current projects included an expansion of facilities at Bath Iron Works, construction of a dormitory at Lincoln Academy in Newcastle, expansion of the Wiscasset facility of Molnlycke Healthcare, a boatyard storage facility at Great Island Boat Yard in Harpswell and a bus garage parking lot in Topsham.
Previously, Crooker served as the general contractor for The Highlands in Topsham, Maine Street Station in Brunswick, and the Brunswick Executive Airport 10-unit hangar at Brunswick Landing, among other projects.
The company said it “remains committed” to support the state and the municipalities with which it contracts for construction projects.
BDN writer Beth Brogan contributed to this report.