---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-22-006437"
form_type: "8-K"
ticker: "GVA"
cik: "0000861459"
company_name: "GRANITE CONSTRUCTION INC"
filed_at: "2022-03-16T23:59:59+00:00"
generated_at: "2026-06-26T22:33:52.811415+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Granite completes sale of Inliner business for $159.7M; repurchases $18.5M in stock

## Summary
- Closed sale of trenchless and pipe rehabilitation business (Inliner) to Inland Pipe Rehabilitation for $159.7 million.
- Proceeds to be used for core civil construction/materials growth, debt reduction, and share repurchases.
- Spent $18.5 million to repurchase 611,000 shares in March 2022; plans further opportunistic repurchases.
- Sale is part of strategic plan focusing on core competencies; also expects to sell Water Resources and Mineral Services businesses.
- Advisors: Perella Weinberg and Shearman & Sterling for Granite; Houlihan Lokey and Jones Day for buyer.

## SEC filing metadata
- accession: 0001437749-22-006437
- form_type: 8-K
- ticker: GVA
- cik: 0000861459
- company_name: GRANITE CONSTRUCTION INC
- filed_at: 2022-03-16T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/861459/000143774922006437/0001437749-22-006437-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/861459/000143774922006437/gva20220314_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-22-006437
- JSON: https://secwatch.observer/filing/0001437749-22-006437.json
- Plain text: https://secwatch.observer/filing/0001437749-22-006437.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.