Sources: Metromont Corp., Greenville, S.C.; CP staff
Metromont will build on its position as one of the premier precast/prestressed concrete operators in the Southeast and lower mid-Atlantic markets in a planned acquisition of Shockey Precast Group. Based in Winchester, Va., the latter specializes in parking structures, mission critical structures and wall enclosure systems for owners, developers and contractors throughout the mid-Atlantic region, and will operate under its legacy banner as a Metromont division.
“Shockey Precast Group has an outstanding reputation,” says Metromont CEO Rick Pennell. “Our culture and business models are very similar, which will make for a smooth transition beneficial to both parties. The addition of Shockey Precast and its associates to our team will further strengthen our capabilities in the mid-Atlantic region.”
“The decision to sell Shockey Precast Group has not been easy due to the long family history behind it. However, Metromont has an excellent reputation in the industry and we feel the business as well as our employees are in good hands,” adds Don Shockey, chairman of Shockey Cos., which retains ownership of Howard Shockey & Sons, general contractor, and Shockey Realty, a commercial real estate division.