IIJA, M&A prospects shape advisor FMI’s Construction Materials Outlook

North Carolina-based FMI Capital Advisors, a leading investment banking firm for aggregate, concrete, asphalt producers and their customers, examines key drivers and challenges its 2022 Construction Materials Outlook. Themed “Seizing the Opportunities Ahead,” the report also assesses 2021 producer and contractor merger & acquisition activity.  “[Last year] presented an acquisition-rich environment for Construction Materials. Cash on hand, solid earnings and…

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Federal agencies trigger a third flourish for Environmental Product Declarations

Our coverage of Environmental Product Declarations (EPDs) for ready mixed and manufactured concrete dates to 2013. The record of producers and their national associations responding to market signals calling for such documents continues to be exemplary.  This past month saw a third turning point in EPDs’ evolution from a target of green building practitioners, to data files for the Embodied…

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How Increasing Wages Are Affecting Our Economy

It’s February, so some of the year-end economic metrics for 2021 are starting to be reported, and it is no surprise to see that wages took a big jump last year. Wage increases were fueled by the unexpected supply chain morass that the Covid-19 lockdown precipitated, and were further compounded by the amount of stimulus cash that was injected into…

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Chaney Enterprises acquires TW Block & Concrete

Sources: Chaney Enterprises, Gambrills, Md.; CP staff Continuing a Virginia market expansion that kicked into high gear with a fall 2020 deal for Richmond-based GreenRock Materials, Chaney Enterprises recently closed on TW Block & Concrete of Onley, serving ready mixed, masonry, and aggregate customers in the state’s Eastern Shore and lower Chesapeake Bay region. The deal was consummated with T&W…

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BARD, Geiger and Miles S&G principals acquire minority BCMI stake

Sources: BCMI Corp., Redmond, Wash.; CP staff A group of privately-held, family-owned concrete and construction materials producers has purchased shares of BCMI Corp., for a minority stake. New investors in the software developer, also known as the Bulk Construction Materials Initiative, include BARD Materials, Dyersville, Iowa; Geiger Ready Mix Co., Kansas City, Kan.; plus, Walt Miles and Lisa Kittilsby, principals…

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The ‘NOW’ System Landscape

Modernizing the business of ready-mix, part 2 of 3.  Managing construction materials is a complicated “now” business. Dozens of independent factors must be tamed to achieve on-time, on-site, on-spec fulfillment. The most complicated is structural ready-mix concrete, which is driven by the real-time NOW factors of need, inventory, manufacturing, perishability and logistics. Complicating the issue even further, most material producers…

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Asset gains and carbon cuts equal an extraordinary year

By Don Marsh The close of any other calendar might confine this column to revisiting a merger and acquisition wave across ready mixed and manufactured concrete, but 2021 could be remembered as much for carbon dioxide emissions action as cement, aggregate and concrete production investment. On the latter front, stock prices for public companies and high valuations for private peers…

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Boral veteran Hill transitions to Solidia CTO post

Sources: Solidia Technologies, Piscataway, N.J.; CP staff Solidia Technologies, developer of namesake cement and concrete materials promoted for their low carbon characteristics, has named Russell Hill, Ph.D., as chief technology officer. He arrives after 25-plus years with Boral Ltd, where he most recently served as chief innovation officer and oversaw broad initiatives spanning research, new product development, venture investments, digital…

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Chaney Enterprises adds Branscome ready mixed, terminal assets

Sources: Chaney Enterprises, Gambrills, Md.; CP staff Chaney Enterprises is extending its Virginia footprint south and east, into the Hampton Roads market, with the acquisition of Chesapeake, Exmore and Tasley ready mixed concrete plants, plus the Chesapeake Barge Terminal, from Branscome Inc. of Williamsburg, Va. Also known as the Branscome Dominion Yard, the terminal serves as a gateway for delivery…

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