Concrete Pumping : Acquires Hi-Tech Concrete Pumping Services

 Concrete Pumping : Acquires Hi-Tech Concrete Pumping Services

DENVER, Sept. 08, 2021 (GLOBE NEWSWIRE) — Concrete Pumping Holdings, Inc. (Nasdaq: BBCP) (“CPH” or the “Company”), a leading provider of concrete pumping services and concrete waste management services in the U.S. and U.K., today announced that it completed the acquisition of Hi-Tech Concrete Pumping Services (“Hi-Tech”).

Hi-Tech is a leading provider of concrete pumping services in Houston, Texas. CPH acquired Hi-Tech for an asset purchase valuation of $12.3 million in cash. The asset purchase includes all of Hi-Tech’s concrete pumping service equipment which includes 32 boom pumps and two placing booms.

The acquisition provides compelling opportunities for CPH, through its Brundage-Bone brand, to strategically improve its presence in the Houston, Texas region. The increased scale and capacity is expected to provide Brundage-Bone and Hi-Tech customers with the advantages of a larger service offering and expanded…

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