Local contractor acquisition

Bulley & Andrews said April 13 it bought Interior Construction Group, adding a Chicago interiors specialist to the 135-year-old contractor’s lineup. (connectcre.com) Interior Construction Group will operate as Bulley & Andrews Interior Construction Group from its downtown Chicago office, and founders Steve Zuwala and Mike Lynk will stay in charge. (connectcre.com) Bulley & Andrews, founded in 1891 and based at 1755 West Armitage Avenue in Chicago, already lists four operating companies in masonry restoration, concrete restoration, residential restoration, and its Tennessee business. (bulley.com 1) (bulley.com 2) Interior Construction Group traces its business to 1988 and says it focuses on interior tenant development, renovation, restoration, and select base-building work across the Chicago metropolitan area. (icgconstruction.com) The deal lands as Chicago’s office market is still split between weak overall demand and active leasing in better space. Colliers reported downtown vacancy at 24.7% in the first quarter of 2026, while total availability fell to 29.2% and lease signings stayed steady. (colliers.com) CBRE said direct downtown office vacancy reached 27.0% in the first quarter, up 40 basis points from the prior quarter, and no further office developments are slated for delivery in 2026. (cbre.com) That backdrop favors contractors tied to renovation and tenant build-outs over firms waiting for a wave of new towers. Turner & Townsend’s 2026 Chicago office cost report said flexibility, cost control, and adaptive reuse are shaping local office construction decisions. (marketintelligence.turnerandtownsend.com) Bulley & Andrews Chief Operating Officer Tim Puntillo said the purchase was part of a “long-term strategy” to expand services, while keeping continuity for clients as the two firms integrate over time. (connectcre.com) For Bulley & Andrews, the acquisition extends a company founded in the 19th century deeper into a 2026 market where the work is increasingly inside existing buildings, not on empty sites. (bulley.com) (cbre.com)