Concrete Pumping Holdings, Inc. (CPH), a leading provider of concrete pumping services and concrete waste management services in the U.S. and U.K., announced that it has completed the acquisition of Pioneer Concrete Pumping Service, Inc. (Pioneer).
Pioneer is a leading concrete pumping service provider headquartered in Atlanta, Georgia, with additional locations in Texas and decades of experience providing high quality services with an exceptional team of employees and highly skilled operators. CPH acquired Pioneer for an asset purchase valuation of $20.1 million in cash that includes 83 units of operating equipment. The acquisition greatly enhances CPH’s positioning and scale in the concrete pumping industry within the Texas and Georgia regions. The increased capacity is expected to provide Brundage-Bone and Pioneer customers with increased service offerings and expanded fleet availability. Additionally, the acquisition offers a compelling opportunity for Pioneer’s customer base to access CPH’s Eco-Pan concrete waste removal services.
“We continue to successfully execute on our strategic initiatives to enhance our geographic footprint and responsibly grow our business. The Pioneer addition is another successful execution of our acquisition strategy at a valuation that is consistent with our proven acquisition criteria,” said CPH’s CEO Bruce Young. “Pioneer is a well-run and highly respected business that holds an established position in attractive regional markets. We are excited to bring both businesses of exceptional talent together to deliver continued industry leading growth.”
Concrete Pumping Holdings is the leading provider of concrete pumping services and concrete waste management services in the U.S. and U.K. markets, primarily operating under Brundage-Bone for concrete pumping in the U.S., Camfaud in the U.K., and Eco-Pan for waste management services in both the U.S. and U.K. Eco-Pan seeks to provide a full service, cost-effective, regulatory-compliant solution to manage environmental issues caused by concrete washout.