Sources: Chaney Enterprises, Gambrills, Md.; CP staff
Maryland’s Chaney Enterprises continues rapid development of a Virginia platform, entering a definitive agreement to acquire two Superior Concrete plants in Harrisonburg, along the Interstate 81 corridor. The deal follows two others increasing the producer’s footprint west of the Potomac River: One aggregate depot and three ready mixed plants from Branscome of Williamsburg; and, one sand & gravel and five ready mixed plants, plus affiliated pumping and transportation businesses from GreenRock Materials of Richmond.
Framing Superior Concrete within a 12-month window of Virginia acquisition activity, CEO Francis “Hall” Chaney III observes, “Entering the Shenandoah Valley market unlocks vast growth and potential for our company while complementing our ever-growing footprint. We welcome all 60 employees into the Chaney team and are enthusiastic to merge our years of wisdom and experience together while providing the best products and service in the industry.”
The deal will be effected with the family of Lawrence Wilt, who joined Superior Concrete in 1975 and, as general manager bought it in 1982 amid a severe recession. His oldest and youngest sons, Tony and Keith Wilt, have grown to the respective positions of president & general manager and vice president of Operations.
Chaney Enterprises adds Branscome ready mixed, terminal assets
Chaney digs deeper in Virginia with GreenRock Materials deal