Chaney Enterprises completed the acquisition of Richmond, Va.-based construction materials company GreenRock Materials.
Chaney Enterprises acquired all eight of GreenRock’s concrete plants, including five fixed plants operating in the Greater Richmond region and three plants in its portable plant division. GreenRock’s three affiliated companies: Mid-Atlantic Concrete Pumping, Stony Creek Sand & Gravel and NSL Transport were also included in the acquisition.
“Entering central Virginia’s market is a remarkable opportunity for all our current and new team members,” said Francis “Hall” Chaney, III, chief executive officer of Chaney Enterprises. “We look forward to integrating our business with GreenRock’s experienced network of great people and building on their success in one of America’s oldest major cities. We were attracted to GreenRock because of our similar corporate cultures with a focus on integrity and a high-level commitment to providing excellent products and services to our customers.
The five GreenRock concrete plants are located in Amelia, Ashland, Charles City, Prince George and Richmond. Stony Creek Sand & Gravel has two mining operations that supply materials to ready-mix, precast and asphalt producers.
Mid-Atlantic Concrete Pumping is Central Virginia’s largest locally owned concrete pumping company. NSL Transport operates a fleet of bulk tankers and dump trailers.
GreenRock employees have joined the Chaney Enterprises team while continuing to work in their current roles.
Michael Lamb, founder and president of GreenRock Materials, started the company in 2010. Lamb has joined Chaney’s executive team in a new role as vice president of growth and acquisitions. Lamb’s primary responsibility is identifying and determining the feasibility of acquisitions and mergers and other growth initiatives.
This is Chaney Enterprises’ fourth expansion in the Virginia market with the Lorton ready-mix concrete plant opening in May 2019, a ready-mix concrete plant in Bealeton acquired in 2017, and a ready-mix plant in Gainesville constructed in 2016.