As part of its operational streamlining strategy, Shimmick sold its Tracy Equipment Yard in Q2 2024. Proceeds from the sale were used to reduce debt and reinvest in core capabilities. This divestiture supports the company’s leaner, more focused business model and frees up resources to support...
By the end of 2023, Shimmick’s total backlog surpassed $1.1 billion, an 18% year-over-year increase driven by new project awards across water, transit, and energy markets. The growth reflects strong demand for Shimmick’s core capabilities and the company’s ability to win complex, high-impact work. It also...
In November 2023, Shimmick successfully completed its initial public offering and began trading on the NASDAQ under the ticker symbol SHIM. The IPO marks a major milestone in the company’s history. Funds raised through the IPO support ongoing investments in people, equipment, and technology, while helping...
Shimmick improved its rankings in two ENR California lists....
Shimmick announced hiring John Carpenter as Executive Vice President and General Counsel. He will oversee the legal team and all aspects of Shimmick's legal activities....
Workers with Shimmick Construction are finishing drilling on the south side of the Mosquito Bridge project to build an abutment wall....
Shimmick announced the promotion of Andy Sloane to President of Shimmick. With over three decades of valuable contributions to the company's leadership team, Andy's promotion marks a significant step forward to support Shimmick's continued growth and success....
Shimmick has announced the sale of its Operations and Management Division to Neology, a global technology company headquartered in Carlsbad, Calif....
Shimmick has secured a new contract to expand the Elsinore Valley Municipal Water District (EVMWD) Regional Water Reclamation Facility (RWRF) in Lake Elsinore, CA....
Work done by Shimmick and its foundation's division, Legacy Foundations, on San Francisco's Millennium Tower was recently featured in ENR....
