A large concrete pumping business has acquired three South Carolina companies, including two from the Charleston region, as part of an expansion of its Southeast operations.
Denver-based Brundage-Bone Concrete Pumping Inc. announced this week it has purchased A.J. Concrete Pumping LLC and Kenyon Concrete Pumping Inc. Both were headquartered in Summerville. They now operate as Brundage-Bone South Carolina.
Terms of the sales were not disclosed.
Also, this week, Brundage-Bone announced the acquisition of Action Concrete Pumping Inc., which was based in Greenville with operations in Knoxville, Tenn., Birmingham, Ala., and Augusta, Ga.
The deals expand Brundage-Bone’s Southeast footprint from its previous Atlanta and Nashville locations.
“This area has become a highly attractive growth market given strong demographic trends and robust economic fundamentals in the region,” CEO Bruce Young said in a written statement.
Brundage-Bone has 65 locations in 17 states with 625 employees. The company has projected its 2015 revenue to total $135 million, according to its website.
Its majority owner is Peninsula Pacific Strategic Partners, a Los Angeles-based investment fund.