Sources: U.S. Concrete Inc., Euless, Texas; CP staff
U.S. Concrete has closed its third and fourth deals of 2015, capping May by acquiring the assets of DuBrook Concrete Inc., Chantilly, Va., and Colonial Concrete Co., Newark, N.J. With three ready mixed plants and a 42-mixer fleet in northern Virginia, DuBrook is strategic to Superior Concrete Materials, U.S. Concrete’s long-held Washington, D.C. business. The Colonial transaction adds three sites and about 40 mixers to the New Jersey flagship, Eastern Concrete Materials.
“DuBrook is a great complement to our existing operations and further strengthens local customer relationships by providing a more robust service footprint,” says U.S. Concrete CEO William Sandbrook. “We expect this transaction to be immediately accretive to our business as we integrate DuBrook’s operations into our platform, and capitalize on the growing commercial and residential project opportunities in the Washington, D.C. metropolitan area.”
In the northern New Jersey market, poised for strong growth driven by population expansion and economic development, he adds, Colonial Concrete has a 35-year track record in commercial and residential work. Among marquee projects on its recent order log are the Red Bull Arena, Newark, and Meadowlands Sports Complex, East Rutherford.
The newly expanded Eastern Concrete and Superior Materials operate under USC Atlantic, one of four U.S. Concrete regions. Colonial and DuBrook follow a larger bolt-on deal, Flushing, N.Y.-based Ferrara Bros. Building Materials, which closed in April and solidified U.S. Concrete’s metro New York and New Jersey presence. The Ferrara Bros. brand covers nine plants east of the Hudson River, centered in New York City, while the Eastern Concrete banner applies to one New York and 12 New Jersey plants, plus the Colonial properties. Beyond USC Atlantic, U.S. Concrete closed on a fourth transaction earlier this year, four-plant Right Away Redy Mix in Oakland, Calif.
Ferrara Bros. deal secures U.S. Concrete an unrivaled stake in the Big Apple