NY-based construction management firm, Claremont announce acquires Claremont project backlog - NJBIZ

Linda Lindner//June 25, 2019//

Linda Lindner//June 25, 2019//

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From left, Claremont Cos. Principal Stephen Sciaretta, Arc Building Partners President and CEO Frank Ciminelli II, and Claremont Cos. Principal Don Sciaretta. – ARC BUILDING PARTNERS

New York-based firm Arc Building Partners and Far Hills-based Claremont Cos. announced Tuesday they entered into a strategic partnership agreement that will bolster Claremont’s construction capabilities and enable Arc Building Partners to expand into the New York/New Jersey metropolitan market.

Arc Building Partners will merge with Claremont Construction Group, the construction affiliate of Claremont Cos., and acquire its backlog of projects.

Claremont’s current projects will continue under the same project managers, and over time, the 25 employees of its construction group will gradually be absorbed into the Arc team.

Going forward, Claremont Cos. will focus entirely on its real estate development business, and Arc Building Partners will become its go-to construction partner for upcoming projects.

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