Date: October 2, 2020
Today, Chaney Enterprises reached a definitive agreement to acquire GreenRock Materials, a ready-mix concrete business based in Charles City, Va.
Chaney Enterprises will acquire all eight of GreenRock’s concrete plants, including five fixed plants operating in the Greater Richmond, Virginia Region and three plants in their portable plant division. Chaney will also acquire GreenRock’s three affiliated companies: Mid-Atlantic Concrete Pumping, Stony Creek Sand & Gravel, and NSL Transport.
GreenRock employees will join Chaney Enterprises while continuing to work in their current roles. 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.
Michael Lamb, founder and president of GreenRock Materials, started the company in 2010. Over the last ten years, Lamb has built a successful operation with an incredibly talented and committed leadership team. Lamb will join Chaney’s executive team in a new role as vice president of growth and acquisitions. Lamb’s primary responsibility will be to identify and determine the feasibility of acquisitions and mergers and other growth initiatives.
This will be Chaney Enterprises’ fourth expansion in Virginia with their most recent Lorton, Va. ready-mix concrete plant opening in May 2019. In 2017, Chaney acquired a ready-mix concrete plant in Bealeton, Va. and in 2016, constructed a ready-mix plant in Gainesville, Va.
“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.”