Birmingham, AL - Aug. 12, 2026 - NAFCO today announced it has completed an asset purchase transaction with Powell Construction Company, acquiring certain operating assets and assuming certain liabilities in connection with the transaction. The addition brings Powell’s project development, engineering support, project management, jobsite coordination, and construction expertise into the NAFCO family.
Together, NAFCO, Wolf Point Engineers, and Powell Construction Company strengthen NAFCO’s ability to support customers across fabrication, engineering, EPC, construction, and project delivery. The expanded NAFCO family brings together specialized expertise for complex industrial work.
The addition strengthens NAFCO’s ability to support customers across a broader range of industrial project needs, from early planning and engineering support through fabrication, construction coordination, and field execution. Powell Construction will continue to serve its customers with the same commitment to quality, safety, accountability, and partnership that has defined its work, now supported by the broader resources and capabilities of NAFCO.
“This is an important step in the continued growth of NAFCO,” said Owen Parrish, President of NAFCO. “NAFCO and Powell share common values of stewardship, integrity, safety, and long-standing relationships with employees, partners, and customers. Powell adds strong technical capability, practical construction experience, and trusted customer relationships. Together, we are better positioned to support our customers with the responsiveness, expertise, and execution they expect from us.”
The addition of Powell Construction enhances NAFCO’s ability to provide coordinated industrial solutions for customers who need experienced partners capable of managing complex scopes with precision and accountability.
“Joining NAFCO creates new opportunities for our customers, employees, and partners,” said Devan Welch, Senior VP and General Manager of Powell Construction. “Our team remains committed to the same customer relationships and project standards that have built Powell’s reputation. With NAFCO, we will have additional support, expanded capabilities, and a shared commitment to doing the work the right way.”
NAFCO is a privately owned, family-led company built on long-standing values of stewardship, integrity, craftsmanship, accountability, safety, and trust. Across its operations, NAFCO brings more than 200 years of combined experience supporting customers in complex industrial and commercial markets.
For customers, the transaction is designed to enhance support without disrupting existing relationships. Current Powell projects, contacts, and commitments will continue as planned, with additional resources becoming available as integration progresses.
About NAFCO
NAFCO brings together specialized divisions with deep experience in structural steel fabrication, engineering, EPC services, construction support, and project delivery. Through its divisions, collectively positioned as NAFCO Group, NAFCO supports complex commercial and industrial projects with a focus on quality, safety, and long-term customer partnerships.
About Powell Construction
Powell Construction provides industrial project development, engineering support, project management, jobsite coordination, safety management, and hands-on construction expertise for customers requiring reliable project execution.
