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Benchmark International Facilitated The Transaction Between Action Concrete Pumping, Inc. and Brundage-Bone Concrete Pumping, Inc.
November 4, 2016
Benchmark International has successfully negotiated the sale of Action Concrete Pumping, Inc. (“Action Concrete”) to Brundage-Bone Concrete Pumping Inc. (“Brundage-Bone”), a portfolio company of Peninsula Pacific Strategic Partners, LLC. The transaction represents the strategic expansion of Brundage-Bone throughout the Southeast US and further consolidation of the concrete pumping industry.
Based in Greenville, South Carolina, Action Concrete is a full-service concrete pumping company that specializes in residential and commercial concrete pumping and placement throughout the Southeast US. The primary locations served include Greenville, South Carolina; Asheville, North Carolina; Knoxville, Tennessee; Augusta, Georgia; and Birmingham, Alabama.
Action Concrete serves this market with a fleet consisting of 21 company-owned pump trucks and 10 smaller vehicles. This large fleet of truck-mounted concrete pumps is capable of reaching lengths from 50 feet to 170 feet and pumping up to 270 cubic yards/h pump capacity. The fleet and white-glove service of Action Concrete has led them to become a premier concrete pumping provider throughout the Southeast US.
Based in Denver, Colorado, Brundage-Bone is the leading provider of concrete-pumping services, providing its services to an extensive network of customers serving commercial, residential, and infrastructure construction end-markets. The company employs approximately 550 people across the western, mountain, south-central, and mid-west regions of the United States.
Tyrus O’Neill, Chief Executive Officer, Benchmark International, stated, “It was a pleasure to represent Action Concrete in this transaction. It’s great to see two companies with successful track records join to further develop the market. This was a truly enjoyable experience working with both parties throughout the transaction. We wish both parties the best of luck moving forward.”
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