Pennecon Concrete Division Seeds Newcrete Investments

Backed by Toronto private equity operator Banyan Capital Partners, Pennecon Ltd. Chief Executive Officer Larry Puddister has led a management team buyout of the company’s ready mixed, precast and concrete block & paver business—serving markets in the far eastern reaches of North America.

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Pennecon concrete division sale seeds Newfoundland’s Newcrete Investments LP

Sources: Banyan Capital Partners, Toronto; CP staff

Backed by private equity operator Banyan Capital, Pennecon Ltd. Chief Executive Officer Larry Puddister has led a management team buyout of the company’s ready mixed, precast and concrete block & paver business—serving markets in the far eastern reaches of North America.

Read More