Brundage-Bone Concrete Pumping Inc, which is backed by Peninsula Pacific Strategic Partners LLC, has acquired three concrete pumping services providers. They are Greenville, South Carolina-based Acton Concrete Pumping Inc and two Charleston, South Carolina-based companies, AJ Concrete Pumping LLC and Kenyon Concrete Pumping Inc. No financial terms were disclosed.
DENVER, CO – November 30, 2015 –Brundage-Bone Concrete Pumping, Inc. (“Brundage-Bone” or the “company”), the leading provider of concrete-pumping services in the United States, announced today that it has completed three strategic acquisitions that will expand the company’s presence in the southeastern United States. The company has acquired Acton Concrete Pumping, Inc., which is based in Greenville, So. Car., and has operations in Knoxville, Tenn.; Birmingham, Ala.; and Augusta, Ga. Furthermore, Brundage-Bone acquired two businesses in Charleston, So. Car.: AJ Concrete Pumping, LLC and Kenyon Concrete Pumping, Inc. Terms of the three transactions were not disclosed.
Brundage-Bone currently operates 65 locations in 17 states ranging from the Pacific Northwest through the Southeast regions of the country. The latest transactions will extend the company’s footprint in the Southeast from its current Atlanta and Nashville locations.
Bruce Young, CEO of Brundage-Bone, stated that “We enthusiastically welcome the employees of these three highly regarded concrete-pumping companies to Brundage-Bone. We believe that their talent and our operational expertise will combine to create a level of unparalleled service to our loyal customers in the Southeast. This area has become a highly attractive growth market given strong demographic trends and robust economic fundamentals in the region.”
Matt Homme, Managing Director of Peninsula Pacific, which holds a majority interest in the company, reinforced that “We believe these acquisitions will provide Brundage-Bone with a strong operational presence across South Carolina, while also augmenting the company’s footprint in Tennessee, Alabama, and Georgia. We view these transactions as important milestones as we continue to expand the company’s operations in attractive markets across the Southeast.”
About Brundage-Bone Concrete Pumping, Inc.
Brundage-Bone is the leading provider of concrete-pumping services, providing its services to an extensive network of customers serving commercial, residential and infrastructure construction end-markets. The company employs approximately 625 people across the western, mountain, south-central, mid-western and southeast regions of the United States. For further information on Brundage-Bone, please visit www.brundagebone.com.
About Peninsula Pacific Strategic Partners, LLC
Peninsula Pacific is a Los Angeles- based investment fund that provides capital to solve the commercial and liquidity needs of durable middle-market businesses. The firm works flexibly in both control and non-control investments, with a willingness to invest in equity, debt or structured securities. For further information about Peninsula Pacific, please visit www.peninsulapacific.com.