Sources: Brundage-Bone Concrete Pumping Inc., Denver; CP staff
Concrete pumping contractor Brundage-Bone has broadened its Rockies and Southwest market presence with the acquisition of O’Brien Concrete Pumping Inc., serving Colorado and Arizona residential and commercial customers with a fleet upwards of 70 machines.
“O’Brien is a highly respected business known for its excellent service levels and equipment,” says Brundage-Bone CEO Bruce Young. “Richard O’Brien is a true pioneer and visionary in our industry, and we look forward to being proud stewards of his outstanding business.”
“O’Brien is another strategically significant addition to Brundage-Bone as part of the company’s disciplined growth strategy. We will continue to support Bruce and his team as they identify highly regarded concrete pumping businesses that can expand Brundage-Bone’s footprint and deepen its service offering,” affirms Matt Homme, managing director of Peninsula Pacific, the contractor’s majority investor.
“The acquisition strengthens Brundage-Bone’s presence in Colorado and Arizona, and is an excellent example of the company’s ability to be a unique platform for growth in the concrete pumping industry,” notes Peninsula Pacific Vice President Stephen Alarcon. O’Brien represents a continuation of Brundage-Bone’s successful acquisition strategy for the U.S. and United Kingdom, he adds, citing five 2015 deals for pumping contractors serving Alabama, South Carolina, Tennessee and Texas, plus 2016-17 transactions netting four leading U.K. operators. With Peninsula Pacific backing, Brundage-Bone has grown to nearly 80 locations in 20 states, with combined payroll of about 750. U.K. subsidiaries employ approximately 275 and provide concrete pumping services in England, Scotland and Wales.