Bancroft Construction Company and Bancroft Homes, Inc. have announced that their two previously separate companies have merge. Bancroft Homes, Inc. and Bancroft Construction Company are now operating as affiliated companies.
This combination has created a full-service commercial construction management and residential construction entity, serving the Mid-Atlantic region.
“Residential construction is a market in which Bancroft has always excelled,” said Greg Sawka, CEO of Bancroft Construction. “Bancroft Homes can only bring additional strength and energy to Bancroft Construction and vice versa, and I am looking forward to seeing what the future holds for our two companies.”
The combined companies remain privately owned and will operate under their separate brands. Greg Sawka, Bancroft Construction’s President, and CEO, will remain CEO of Bancroft Construction, and Jack Barr is Interim President of Bancroft Homes. The headquarters for both companies remain at 1300 N Grant Avenue in Wilmington. Bancroft Construction hasa second office in Princeton, NJ.
“When I joined Bancroft over 25 years ago, it was just that: Bancroft. A single company with a strong reputation for excellence in construction,” said Michael Christopher, executive vice president of Bancroft Homes, “I knew of their work first-hand from Rockland Mills, an intricate and complex adaptive reuse project, converting a paper mill from the 1800s into award-winning residences. Bancroft’s residential-commercial partnership separated us from the competition. The combining of our companies again with Stephen Mockbee’s retirement is a great opportunity to utilize the reputation we built together. It feels like I’m coming back home. For 25 years I’ve thought of our firms as one company and this formalizes it once again.”
Jack Barr, interim president of Bancroft Homes added, “Having the opportunity to bring these two firms back together opens many doors for both our clients as well as our business partners. We are able to continue to provide the level of service the Bancroft brand is known to consistently deliver with efficient, concentrated operations.”
Since 1975, both companies operated under the same umbrella before Bancroft Homes was established in 1999. The two companies formally separated for marketing purposes in 2007.