Skanska Establishes New Mid-Atlantic Region to Boost Operations

Author

Slice of Construction Team
December 03, 2024

Key Highlights:

  • Skanska forms a new Mid-Atlantic Region combining operations in Washington D.C., Maryland, Virginia, and North Carolina.

  • Mark Balling appointed leader of the new region effective January 1, 2025.

  • Skanska leverages existing strengths to optimize operations and expand its footprint in key markets.

  • Notable projects include George Mason University’s Life Sciences and Engineering Building, 17xM office building, and OZMA residential development.

Source: Direct

Notable Quotes:

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“The combined experience and expertise in this new region will help Skanska better serve previously distinct geographies, address opportunities in the available space of this larger region and grow an already strong presence in the region.”

Mark Balling, Executive Vice President and General Manager at Skanska USA
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“Creating this new Mid-Atlantic Region is an important strategic move that underscores our commitment to these strong and vibrant markets and the integration leverages our strengths and positions us for even greater success in the future.”

Clay Haden, President & CEO at Skanska USA Building

Our Take:

Skanska’s creation of a Mid-Atlantic Region demonstrates its strategic vision to capitalize on market synergies across Washington D.C., Maryland, Virginia, and North Carolina. The firm’s ability to align leadership, consolidate talent, and leverage its proven track record on major projects like George Mason University’s Life Sciences and Engineering Building and the OZMA residential development sets a solid foundation for sustained growth and operational excellence. This move signals an increased focus on efficiency and market penetration, positioning Skanska as a formidable player in the region’s construction and development landscape.