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Nicholson Acquires Terra Drilling

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Nicholson Construction Company
12 McClane St.
Cuddy, PA, 15031
USA



Press release date: January 9, 2009

PITTSBURGH, PA - January 9, 2009 - Nicholson Construction Company has acquired the capital stock of Terra Drilling Company Inc., a geotechnical contractor headquartered in Hudson, MA.

The acquisition strengthens Nicholson's position in the New England market, where Terra Drilling has completed hundreds of piling, earth retention, and grouting projects since it was founded in 1984.

"This acquisition, of a company with a fine reputation in the New England market for delivering micropile foundations and all types of support of excavation, will provide a tremendous increase in our capabilities in a key market for our company. Terra brings to Nicholson a fleet of high performance drill rigs and grouting equipment, a fully-operational yard and maintenance facility, and a veteran workforce" said Nicholson President Andrew Walker.

Terra has worked extensively throughout New England, as well as New York, New Jersey, Pennsylvania, and Colorado, including many of the Central Artery ("Big Dig") projects and several large micropile projects at the Logan Airport 2000 expansion. Recent projects include anchored earth retention systems for the Ray and Maria Stata Center at the Massachusetts Institute of Technology and at the Dana Farber Cancer Institute, and micropiles at the Mass General Hospital.

About Nicholson Construction Company: Nicholson is a versatile geotechnical contractor specializing in deep foundations, earth retention, ground treatment, and ground improvement. As the North American business unit of the Soletanche Bachy Group, one of the world's leading geotechnical contractors, we are part of a global network of geotechnical resources and expertise. We work in a wide range of industries and environments, from power plants and dams, to bridges and skyscrapers. Headquartered in Pittsburgh, Nicholson has eight offices around the country to address each region's unique geotechnical construction needs.

Contact: Brian O'Gara, Business Development Coordinator Phone: 412-221-4500 Email: bogara@nicholsonconstruction.com

The New England district office can be contacted at: Terra Drilling 582 Main Street Hudson, MA 07149 Tony Barila, District Manager Phone: 978-568-0351, ext. 12 Fax: 978-562-4847
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