Date: November 16, 2020
News - Chaney Enterprises Acquires GreenRock Materials
Today, Chaney Enterprises completed the acquisition of the Richmond based ready-mix concrete company, GreenRock Materials.
Chaney Enterprises has acquired 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. GreenRock’s three affiliated companies: Mid-Atlantic Concrete Pumping, Stony Creek Sand & Gravel, and NSL Transport were also included in the acquisition.
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.