William F. Childs, IV retires this month as chief executive officer of Gambrills, Md.-based aggregate, ready mixed concrete and building materials supplier Chaney Enterprises. He will continue to serve as a director, while President Francis “Hall” Chaney, III assumes the CEO title and duties.
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“Chaney Enterprises is representative of many family-owned businesses across the United States,” says Childs. “Founded by a father, son, and a handful of other dedicated people with a dream and common vision, we have grown dramatically over the last 57 years, always focused on the founding principles of taking care of the people we serve, doing the right things the right way, and giving back.”
“Our team has the right people in the right places, and we have a very capable successor who is prepared and eager to serve our team members, our customers, our industry and our communities,” he adds. “The ultimate job of any leader is to ensure long-term sustainability and success of the enterprise or venture they are leading.”
Childs’ entire career has been in the construction industry, beginning with S.M. Christhilf & Son in 1976. He joined Chaney Enterprises in 1992 as vice president of Sales and Marketing, was promoted to president in 1998, and has served as CEO since 2000. Under his leadership, the producer experienced solid growth, including two major acquisitions, Dunkirk Supply, now BuilderUp, and PCS Concrete. Those deals helped position Chaney Enterprises as the largest family-owned, ready mixed concrete and sand & gravel producer in the Mid-Atlantic by revenue, sales and volume. Childs has also led company representatives active in committee and board work with the National Ready Mixed Concrete Association, which he chaired in 2014.
The venture capital unit of Cemex S.A.B. de C.V. has taken a stake in GoFor Industries, a last-mile logistics marketplace for on-demand material and equipment delivery in home improvement and construction. Operating in Canada and the United States, the startup matches the delivery requirements of distributors, retailers, and contractors with the appropriate light- to heavy-duty vehicles of its driver community inventory.
“We seek to improve a critical point in the construction value chain, ensuring the efficient on-site delivery of materials,” says Cemex Ventures CEO Gonzalo Galindo. “Our open collaboration platform enables us to bring innovative solutions and business models to Cemex customers. We work to identify our industry’s challenges and position our company at the forefront of the construction revolution.”
GoFor’s flexible, on-demand services allow businesses to supplement their busy fleets or choose GoFor as their exclusive out-sourced logistics partner for local and out-of-town deliveries. Founded in 2016 by a team with extensive construction industry experience, GoFor focuses on the supplier and retailer supply chain and is exploring growth prospects across major urban areas in Canada and the United States. It is poised for expansion to 20 major market areas in 2020, providing what management contends is an indispensable tool for suppliers, distributors, builders and contractors—turning the traditional cost center of delivery into a modern, customer-centric profit center.
GoFor CEO Brad Rollo calls Cemex Ventures an ideal partner, bringing “deep construction industry experience, providing valuable insight and guidance as we scale our operations across North America.”