Fairless Hills, Pa.-based Silvi Concrete has closed on the assets of New Jersey’s L&L Redi Mix Concrete, including plants in Southampton (headquarters), Woodbury, Voorhees, Cinnaminson, Kingston, and Clayton; a concrete recycling facility and masonry supply yard; and, approximately 100 mixer trucks plus 40 other rolling stock units. The deal will significantly strengthen Silvi Concrete’s position as one of top Mid-Atlantic independent operators, with 18 ready mixed plants and upward of 300 mixer trucks serving New Jersey and eastern Pennsylvania markets.
L&L Redi Mix was founded in 1966 by Linwood Gerber, who enlisted his three sons and other family members in building and running the business. Son Lee Gerber, along with grandsons Tyler Gerber and Jeff Lucas, will transition to Silvi Materials in managerial capacities.
CHANEY ENTERPRISES + TW BLOCK
Continuing a Virginia market expansion that kicked into high gear with a Fall 2020 deal for Richmond-based GreenRock Materials, Chaney Enterprises capped last year by acquiring TW Block & Concrete of Onley, serving ready mixed, masonry, and aggregate customers in the state’s Eastern Shore and lower Chesapeake Bay region. All 25 TW Block employees have been retained, including sales, service and dispatching leader Tammy Hill, a 35-year industry veteran. The deal was consummated with T&W Block Co. Inc. principals President Genevieve Walker and Chief Financial Officer Wendy Walker (sisters).
“We look forward to supporting the TW Block & Concrete family and joining them with our team. Together, we can continue to provide excellent services and products to Accomack and Northampton Counties while working to enhance local communities,” says Francis “Hall” Chaney, III, chief executive officer of Gambrills, Md.-based Chaney Enterprises.
Assets in the transaction include the TW Barge Terminal in Onancock, Va., joining the suitor’s Sussex Barge Terminal in Seaford, Del., Waldorf Rail Terminal in Maryland, and Chesapeake Barge Terminal in Virginia. Along with three Branscome ready mixed plants, the latter was acquired in August 2021 from Colas USA. The Onancock facility augments the Chesapeake Terminal and increases Chaney Enterprises’ capacity to supply the Hampton Roads/Virginia Beach market.