Clyde Cos. elevates Hafen, Golding, Ritchie in leadership transition

Sources: Clyde Companies Inc., Orem, Utah The parent company of WW Clyde, Geneva Rock, Sunroc, Sunpro and Scott Contracting has announced three executive promotions within its Intermountain State construction materials and road building operations. Jeremy Hafen, who during a 16-year tenure has led Clyde Business Group, Sunroc Corp. and Sunroc Building Materials, has been appointed Clyde Companies president. He assumes…

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Construction Supply Group, White Cap investors fulfill merger plan

Sources: White Cap Holdings LLC, Atlanta; CP staff White Cap Supply and Construction Supply Group (CSG) have combined in a transaction valued at approximately $4 billion, netting the top North American distributor of concrete accessories plus specialty construction and safety products. Pursuant to a plan announced in August, the merger was consummated following spin off of the White Cap business…

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Investors set $4 billion Construction Supply Group, White Cap merger

Sources: Clayton, Dubilier & Rice, New York; HD Supply Holdings, Inc., Atlanta; CP staff

Two private equity fund managers have outlined a transaction creating a powerhouse in concrete and masonry construction accessories and supplies. Clayton, Dubilier & Rice (CD&R) will acquire HD Supply’s Construction & Industrial segment, better known as White Cap and including the Home Improvement Solutions and Brafasco businesses, then pursue a merger of that entity with Construction Supply Group (CSG). Based in Denver, the latter is a portfolio company of Sterling Group, a Houston investor that has acquired concrete and masonry contractor centers since chartering the business in 2016 with Minnesota’s Brock White. 

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Merger measures testing lab, surveying firm synergy

Sources: Cardinal Survey and Design, Willamsburg, Va.

Construction, engineering, land surveying and 3D imaging specialist Cardinal Survey has expanded into one of the industry’s fastest growing segments through a merger with Richmond, Va.-based Pro-Inspections Inc., which offers private or public market customers concrete strength testing plus structural engineering and evaluation services. 

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Reading Rock, Russell union creates architectural cast stone leader

Sources: Reading Rock, Inc., Cincinnati; CP staff

Reading Rock and West Berlin, N.J.-based Russell Cast Stone Inc. have merged to form Reading Rock Russell LLC. With 168 years of industry presence, the combined entity is the largest producer of architectural concrete stone in the United States. Its RockCast brand spans architectural precast and masonry veneer units, custom cast stone, and lightweight stone products. 

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HawkeyePedershaab unites with Germany’s BFS for deeper pipe, precast portfolio

Sources: HawkeyePedershaab Concrete Technologies Inc., Mediapolis, Iowa; CP staff

A merger with BFS Betonfertigteilesysteme GmbH enables HawkeyePedershaab to expand its concrete pipe and manhole machinery presence, and offer new product lines serving the pressure pipe, manhole, pole plant, and block & paver end-markets.

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Regulators exact deep concessions in Lafarge, Holcim merger reviews

Federal Trade Commission and Canadian Competition Bureau (CCB) have outlined consent agreements approving the scope or direction of Lafarge North America, Holcim (US) Inc. and Holcim (Canada) Inc. operations following the Lafarge S.A. and Holcim Ltd. merger. The mega-deal is set to close in July as an exchange offer commences this month: 10 Lafarge shares for nine Holcim shares, netting LafargeHolcim.

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U.S., Canadian regulators do their Lafarge, Holcim merger math

Sources: CP staff; Federal Trade Commission; Canadian Competition Bureau

A May 8 Federal Trade Commission statement addresses a consent agreement tied to the Lafarge S.A. and Holcim Ltd. merger, and how Lafarge North America and Holcim (US) Inc. asset sales resolve an administrative complaint alleging anticompetitive effect in 12 U.S. markets and two regions.

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