M&A
confidence high
sentiment positive
materiality 0.60
BBCP closes all-cash acquisition of Coastal Carolina Pumping, Carolinas' largest concrete pumping provider
Concrete Pumping Holdings, Inc.
- All-cash acquisition funded from existing debt facilities and operational free cash flow.
- Includes 89 units of operating equipment; expands into NC, SC, and FL markets.
- Strengthens recent greenfield expansion in Washington D.C. region.
- Coastal is the largest concrete pumping service provider in the Carolinas.
- CEO Bruce Young expects enhanced positioning and service offerings from the deal.