PHOENIX--(BUSINESS WIRE)--Paul Johnson Drywall (“PJD”) has entered into a definitive agreement to acquire Stratis Construction (“Stratis”), one of the leading drywall subcontractors in Arizona. Stratis will join PJD as PJD continues to build a scaled drywall installation platform with best-in-class capabilities to serve customers in the nation’s leading residential construction markets.
Cole Johnson, President of PJD, said, “Stratis has been a leader in the Phoenix market for nearly three decades, and we couldn’t be more excited to add Stratis to our growing platform. From a strategic standpoint, our combined teams will work to deliver enhanced service and quality to our customers in the Arizona market. We are excited to continue building the first national drywall installer from here.”
The entire Stratis team, including founder Stratis Matheos and General Manager Mike Burkhart, is expected to remain with PJD through the transaction and indefinitely into the future. Immediately after the closing, Stratis’s field operations will continue to operate without change while certain back-office functions will be integrated into PJD’s Phoenix office.
Stratis Matheos said, “Bringing the strengths of our companies together will enable us to deliver better outcomes for our customers and employees. Culturally, our two companies are a great fit because we share a passion for customer service and have tons of shared history given our mutual long-term presence in the Arizona market.”
The transaction is expected to close in early Q4 2023 and is subject to customary closing conditions.
Established in Phoenix, AZ, in 1967, PJD is the nation’s leading single family residential and multifamily residential drywall subcontractor with operations in Arizona, Colorado, Florida (where PJD operates under the Vatos brand), Nevada and Tennessee. PJD recently expanded its product offerings to include gypsum underlayment, lightweight concrete and balcony waterproofing. The family-owned business has long been the drywall contractor of choice for production single-family and multi-family builders, providing on-time, high-quality drywall, and related construction services. More information is available at pauljohnsondrywall.com.
Formed in 1993 in Phoenix, AZ, Stratis is a leader in single family residential drywall installation in the Phoenix MSA. Historically, Stratis has at times also been one of the nation’s leading painting subcontractors. Stratis discontinued all painting operations in Q2 2023.