Texas-based U.S. Concrete, Inc. continues a New York City market roll up, closing last month on asset transactions involving Jenna Concrete Corp., Bronx, and Kings Ready Mix, Brooklyn. With two plants and 52-mixer fleet, Jenna Concrete has established a presence over 25 years, supplying ready mixed to commercial and residential building projects in its Bronx home base and the neighboring borough of Manhattan. Kings Ready Mix runs 60-plus mixers from four plants, and maintains a leading stake in non-union, low- and mid-rise building jobs across Brooklyn, Queens and Manhattan.
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Jenna asset deal enables U.S. Concrete to burrow deeper into New York City
Sources: U.S. Concrete, Inc., Euless, Texas; CP staff
U.S. Concrete has acquired the two plants and 52-mixer fleet of Jenna Concrete Corp. The producer has established a New York City presence over 25 years, supplying ready mixed to commercial and residential building projects in its Bronx home base and the neighboring borough of Manhattan. The Jenna assets join a Big Apple portfolio U.S. Concrete has significantly strengthened in the past 18 months through Ferrara Bros. Building Materials, Greco Brothers and Nycon Supply deals.
Read MoreU.S. Concrete extends New York footprint in Greco Brothers deal
Sources: U.S. Concrete Inc., Euless, Texas; CP staff
U.S. Concrete has acquired the assets of Greco Brothers Concrete of L.I., Inc., and will integrate the ready mixed producer’s two plants and 37-mixer fleet into its New York City business, Ferrara Bros. LLC. Greco Brothers has a respected market presence gained through a nearly 60-year track record of deliveries to commercial and residential building, plus public works projects in the boroughs of Brooklyn, Queens, Manhattan and Staten Island.
Read MoreFerrara Bros. deal secures U.S. Concrete an unrivaled stake in the Big Apple
Sources: U.S. Concrete, Inc., Euless, Texas; CP staff
After closing on all of the equity interests in Flushing, N.Y.-based Ferrara Bros. Building Materials Corp., U.S. Concrete has reached a level of ready mixed production and delivery capability rare for a metro New York and New Jersey market operator.
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