Following an acquisition earlier this year in San Francisco, and two late 2014 acquisitions in New York and Texas, U.S. Concrete, Inc. has completed the acquisition of all of the issued and outstanding equity interests of Ferrara Bros. Building Materials Corp. According to a press release:
Ferrara Bros. operates six ready-mixed concrete batch plants from four locations in New York and New Jersey, and has a fleet of 89 mixer trucks. This acquisition will significantly expand U.S. Concrete's footprint in the New York metropolitan market and will allow the company to more effectively serve construction projects in Manhattan.
Ferrara Bros. has served the New York metropolitan area for more than 45 years with a strong reputation as the leader in the market. They offer a wide variety of concrete mix designs and have distinguished themselves as a leading provider of specialized, high-strength, high performance concrete for large, complex projects in the commercial, residential and infrastructure markets.
"This acquisition positions U.S. Concrete to take advantage of the many project opportunities that we were previously unable to serve in the metro New York market," said U.S. Concrete President and CEO, William J. Sandbrook.