What ASN Constructors does

ASN Constructors is a design and construction joint venture formed in 2021 by ACCIONA (Spain), Shikun & Binui (Israel), and North American Construction Group (Canada) to deliver the Stormwater Diversion Channel and Associated Infrastructure (SWDCAI) portion of the Fargo-Moorhead Area Diversion Project. The company's core product is a 30-mile flood diversion channel including 19 bridges, 2 aqueducts, control structures, and supporting utilities, designed to provide certified 100-year flood protection with resilience for 500-year events for the Fargo-Moorhead metro area. The project represents the first U.S. Army Corps of Engineers public-private partnership (P3) for civil works and one of the first climate-resiliency P3s globally, executed under an approximately 34-year agreement with the Metro Flood Diversion Authority.

ASN Constructors generates revenue through design-build construction milestone payments plus a 30-year operations and maintenance availability-payment stream under its P3 agreement with the Metro Flood Diversion Authority. Construction services span earthworks, piling, soil improvements, concrete structures, utility diversions, steel structures, and landscaping, with subcontractor and supplier sourcing managed through the PROCUR-e online portal. The company is headquartered in Fargo, North Dakota, with a baseline staff of 101-250 scaling to a peak workforce of 800-1,000 during the construction phase. The business model is single-customer and single-project by design: there is no disclosed secondary revenue stream, and the entire revenue base is tied to execution of the FM Area Diversion channel. The company's competitive position rests on its regulatory moat as the exclusive P3 concession holder, its bondable scale backed by three large international contractors, and its recognition as a financial-structuring template after winning Bond Buyer Deal of the Year (2022) and multiple P3 Awards.

Name

ASN Constructors

Legal name

ASN Constructors, LLC

Website

https://asnconstructors.com

Company type

Private

Founded year

2021

Operating status

Operating

Headcount range

101–250 employees

Short description

ASN Constructors is a 2021-vintage joint venture of ACCIONA, Shikun & Binui, and North American Construction Group that designs and builds the 30-mile Stormwater Diversion Channel for the Fargo-Moorhead Area Diversion Project under a ~34-year P3 concession with the Metro Flood Diversion Authority.

Ownership category

akta.pro rank

Product category

Heavy Civil Infrastructure Construction

NAICS

Water and Sewer Line and Related Structures Construction (237110)

SIC

Heavy Construction Other Than Bldg Const - Contractors (1600), Water, Sewer, Pipeline, Comm & Power Line Construction (1623)

akta.pro primary industry

Stormwater & Drainage Infrastructure Construction (Sewer, Detention, Outfalls) (IMAFAGAF)

akta.pro secondary industry

Flood Control & Protection Infrastructure (Levees, Floodwalls, Gates, Pump Stations) (EUANAEAI)

Keywords

• Heavy civil construction
• Stormwater diversion infrastructure
• Flood protection construction
• Public-private partnership construction
• Water infrastructure construction

Headquarters

HQ city

Fargo

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Supply Chain, Infrastructure, Marketing or Sales

Revenue model

1. Government Construction Contracts: ASN Constructors generates revenue through design and construction contracts for the Stormwater Diversion Channel and Associated Infrastructure portion of the FM Area Diversion project. The company receives construction milestone payments and availability payments as part of the P3 agreement with the Metro Flood Diversion Authority.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

ASN Constructors delivers design and construction services for the Stormwater Diversion Channel and Associated Infrastructure (SWDCAI), a 30-mile flood diversion channel comprising bridges, aqueducts, control structures, and related infrastructure for the Fargo-Moorhead Area Diversion Project. The company also operates the PROCUR-e supplier portal and an apprenticeship and workforce development program supporting the construction phase.

Product overview

ASN Constructors is a design and construction joint venture established in 2021, formed by ACCIONA, Shikun & Binui, and North American Construction Group. The company's primary offering is the Stormwater Diversion Channel and Associated Infrastructure (SWDCAI) — a 30-mile flood diversion channel for the Fargo-Moorhead Area Diversion Project. ASN Constructors operates the PROCUR-e supplier portal for procurement and tender management, and offers an apprenticeship and workforce development program registered with the U.S. Department of Labor. The company provides construction services including earthworks, piling, soil improvements, concrete structures, utilities diversions, steel structures, and landscaping.

Differentiator

Problem solved

Functional benefit

Products and services

• Stormwater Diversion Channel and Associated Infrastructure (SWDCAI) The primary construction project delivered by ASN Constructors: a 30-mile diversion channel designed to convey floodwaters around the Fargo-Moorhead metro area, including associated bridges, aqueducts, control structures, and infrastructure components under a P3 agreement with the Metro Flood Diversion Authority.
• PROCUR-e Supplier Portal An online supplier portal and tender platform used for company registration and accessing bid opportunities for the FM Area Diversion Project; suppliers apply through ASN Constructors and are then invited to register on PROCUR-e.
• Apprenticeship and Workforce Development Program Apprenticeship training programs for construction field workers supporting the FM Area Diversion project, including outreach, training, hiring, and retention, registered with the U.S. Department of Labor and part of North Dakota State Apprenticeship programs.

Named customers2 records

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration2 records

Partnerships

Five partnerships are on record, tiered core.

• ACCIONAcoreStrategic or Co-development PartnerACCIONA is one of the three partner companies forming the Red River Valley Alliance (RRVA) consortium. The company is a global infrastructure and renewable energy leader providing design, construction, and project development expertise. ACCIONA serves as an equity member and construction joint venture partner.
• Shikun & Binui USAcoreStrategic or Co-development PartnerShikun & Binui USA is the American subsidiary of the Israeli construction and infrastructure group. As part of the RRVA consortium, the company contributes to the design, construction, and operations of the diversion channel as both equity member and construction joint venture partner.
• North American Construction GroupcoreStrategic or Co-development PartnerNorth American Construction Group (NACG) is an equity member and construction joint venture partner within the RRVA consortium. The company provides heavy civil construction services and expertise to the flood diversion project.
• Red River Valley Alliance (RRVA)coreStrategic or Co-development PartnerRRVA is the consortium formed by ACCIONA, Shikun & Binui, and North American Construction Group. The consortium was selected by the Metro Flood Diversion Authority for the development, design, construction, and 30-year operations and maintenance of the FM Area Diversion channel.
• Metro Flood Diversion AuthoritycoreStrategic or Co-development PartnerThe local governing authority formed in 2016 that oversees flood protection efforts in the Fargo-Moorhead region. The MFDA selected RRVA to design, build, finance, operate, and maintain the diversion channel through an approximately 34-year project agreement.

Scale indicators5 records

Recent moves5 records

Expansion highlights4 records

Broad incumbents

• Quanta Services: Largest specialty infrastructure construction firm in North America, with capabilities spanning water, electrical, and pipeline infrastructure. Comparable as a broad incumbent in U.S. infrastructure construction with overlap in utility and water-related work.
• Fluor Corporation: Global EPC and infrastructure firm with significant government and water-resources experience. Comparable as a broader incumbent engaged in large federal/state infrastructure work, though much larger and more diversified than ASN Constructors.
• Bechtel Corporation: Global engineering, construction, and project management firm with deep water, environmental, and federal infrastructure expertise. Comparable as a broad incumbent capable of leading mega-scale water infrastructure programs similar in profile to the FM Diversion.

Direct peers

• Granite Construction: U.S. heavy civil contractor with established water resources, flood control, and large-diameter pipeline expertise. Comparable to ASN Constructors in delivering large public-sector water and stormwater infrastructure projects, often in JV structures.
• MasTec, Inc. Infrastructure construction provider with significant heavy civil, water, and utility infrastructure operations. Comparable to ASN Constructors in project type and public-sector exposure, though MasTec operates a broader and more diversified portfolio.
• Ames Construction: Heavy civil contractor delivering dams, levees, water resources, and large earthworks projects nationwide. Comparable to ASN Constructors in self-perform heavy civil delivery, particularly the earthworks and water conveyance components of the FM Diversion.
• Tutor Perini Corporation: Large civil and specialty contractor known for major transportation, water, and infrastructure megaprojects. Comparable to ASN in scale of public-sector project delivery and execution of complex, multi-year infrastructure programs.
• Barnard Construction Company: Heavy civil contractor specializing in dams, tunnels, water conveyance, and environmental/water infrastructure. Comparable to ASN Constructors for similar self-perform heavy civil work on large federal/state water resource projects.
• Kiewit Corporation: One of North America's largest heavy civil and infrastructure contractors, with deep experience in dams, levees, water conveyance, and large design-build public works. Highly comparable to ASN Constructors because both execute large-scale, multi-year civil infrastructure for public-sector clients under complex contracting models.
• Flatiron Construction: Heavy civil contractor with a strong track record in bridges, dams, water, and stormwater infrastructure across the U.S. Comparable to ASN Constructors in scope of work, project size, and engagement with public-sector clients.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/ASN-Constructors-111878454716015
• LinkedInlinkedin.com/company/asnconstructors

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about ASN Constructors