Chaney reaches far into Virginia with Allied Concrete

Sources: Chaney Enterprises, Gambrills, Md.; CP staff

Chaney Enterprises has put an exclamation point in recent years’ Virginia market expansion with the acquisition of 10 ready mixed plants from Charlottesville-based Allied Concrete Co., a family-owned operator nearing 80 years in business. Allied Concrete President Ted Knight will continue to lead the plants, while his former colleagues retain namesake concrete block and Valley Building Supply businesses in Staunton and Harrisonburg, Va.

“Allied has a strong reputation as a market leader and has been an exceptional provider of ready-mix within the region for decades. We look forward to working with our new team members and Ted in building upon the strong foundation built by the McNeely family at Allied and servicing our growing markets,” says Chaney Enterprises CEO Francis Hall Chaney III.

“This transaction delivers a compelling opportunity to join a dynamic company poised for continued growth in the Mid-Atlantic Region,” adds Knight. “We have long admired Chaney’s commitment to delivering superior products and service to its customers, and believe the combination of Allied and Chaney will enable Allied to build on its strong momentum in the Charlottesville and Valley markets.”

“We believe Chaney Enterprises will provide an outstanding platform for the continued growth and success of Allied,” notes David Paulson, president of Allied Concrete parent company, Eagle Corp. “Chaney’s core values are an ideal cultural fit for the company and its exceptional employees, whose hard work and dedication over many years made Allied a best-in-class operation. We look forward to working with Chaney to complete the transaction and ensure a smooth transition for our team members and customers.”