Media Contacts:

Zachry Holdings, Inc. | media@zachrygroup.com

Zachry Corporation | public.affairs@zachrycorp.com

Zachry Corporation Clarifies No Involvement in Recent Chapter 11 Filing

SAN ANTONIO, TX (May 21, 2024) - Zachry Corporation wishes to address and clarify recent reports regarding a Chapter 11 bankruptcy filing by a similarly named entity, Zachry Holdings, Inc. and certain of its subsidiaries.

Starting in 2008, the Zachry organization was realigned into two separate and unaffiliated business entities, Zachry Corporation, led by David Zachry, and Zachry Holdings, Inc., led by John Zachry.

We are aware that Zachry Holdings, Inc. and certain of its subsidiaries have initiated a voluntary court-supervised Chapter 11 process.

This process is entirely unrelated to operations at Zachry Corporation and its family of companies including Zachry Construction Corporation, Zachry Underground and Utility Services, Capitol Aggregates, Zachry Hospitality, Zachry Hotels, or any of its other companies, and has no impact on our business.

“We understand the similarity in company names may cause confusion, but we want to make it clear that Zachry Corporation and its family of companies are not involved in any Chapter 11 bankruptcy proceedings,” said Tara Snowden, vice president of public and government affairs. “We want to assure our stakeholders, including team members, customers, and partners, that our companies are financially healthy, and our operations are stable. We appreciate the continued support and trust of our stakeholders.”

“While we may be legally separate, the people of Zachry Holdings remain our family and friends. We share a history, a set of values, and are proud of their conduct and commitment to integrity,” said David Zachry, president and CEO. “We send our kindest thoughts and best wishes to Zachry Holdings, its employees, retirees and stakeholders as they navigate this challenging time and prepare for a very bright future.”

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