Brundage-Bone Concrete Pumping Acquires Three Businesses in the UK

Brundage-Bone Concrete Pumping, Inc., a leading provider of concrete pumping services in the U.S., announced today that it has completed three strategic acquisitions in the United Kingdom: Camfaud Concrete Pumps Limited, a national concrete pumping service provider based in the southeast of England, as well as Premier Concrete Pumping Limited and South Coast Concrete Pumping Limited. Terms of the transactions were not disclosed.

The acquisition of the UK businesses creates a multinational provider of concrete pumping services, while combining respected industry leaders in U.S. and UK who have a shared reputation for having the most diverse and extensive concrete pumping fleets in their markets. Tony Faud, managing director of Camfaud, will become the managing director of Brundage-Bone’s UK operations and will be supported by all of the existing senior managers of the UK businesses. Mr. Faud has also joined the Brundage-Bone board of directors as of the closing of the transactions.

“Brundage-Bone is proud to welcome these outstanding businesses, which are known for excellent customer service, technical excellence across a multitude of complex concrete pumping applications and strong leadership teams,” stated Bruce Young, president and CEO of Brundage-Bone. “The addition of Camfaud, Premier and South Coast fit well with our own business model, and together we can leverage our capabilities on a multinational basis to best serve our customers. Moreover, with the financial support of Peninsula Pacific behind us, we have the right foundation to continue to prudently expand as conditions warrant.”

Faud added: “We’re highly enthusiastic to partner with Brundage-Bone to create a premium international concrete pumping enterprise. Brundage-Bone is a natural fit for the UK businesses, given our shared values and strengths. The UK businesses will continue to operate under their current trade names, which hold such valuable reputations domestically, and our customers should expect no changes from the premium levels of service that they have come to expect from us. We also believe this transaction presents compelling opportunities to our valued employees, who will benefit from working with dynamic companies committed to further growth in the UK.”

Matt Homme, managing director of Peninsula Pacific, the holder of the majority interest in Brundage-Bone, stated: “Like Brundage-Bone, the UK businesses are centers of excellence in their country and represent a continuation of Brundage-Bone’s disciplined acquisition growth strategy. Last year, the Company expanded its footprint in the southeastern U.S. with the strategic acquisitions of Action Concrete Pumping, Inc., AJ Concrete Pumping, LLC and Kenyon Concrete Pumping, Inc.”