Date: April 3, 2024
News - Chaney Enterprises Agrees to Acquire Chandler Concrete
Chaney Enterprises is excited to announce its new partnership with Chandler Concrete Co Inc. Founded in 1974 by Tom Chandler, Chandler Concrete is a family-owned and operated ready-mix, block masonry, and hardscapes leader operating in North Carolina, Virginia, West Virginia, and Eastern Tennessee. Chandler Concrete is led by Ted Chandler and Bob Chandler and has a family of 500 team members.
“Chandler Concrete is a premier ready-mix business in our industry. Their culture, people, and exceptional commitment to their customers and communities are to be admired. We are honored to have the opportunity to bring these families and companies together,” said Francis Hall Chaney III, CEO of Chaney Enterprises. “Chaney Enterprises’ partnership with Chandler reflects Chaney’s continued materials presence growth strategy. The Chandler name is synonymous with quality, family, and community. Together, Chaney and Chandler will look to build on a continued strategy of passion, local leadership, and customer commitment in the materials business. We could not be more thankful to the Chandler Family for entrusting us with their impressive business and incredible people.”
Chandler operates 44 ready-mix plants, three block plants, and one building supply store. In alignment with Chaney’s growing SW Virginia and North Carolina positions, the new footprint will provide customers with an incredible service market and team. The new Chandler Concrete, “A Member of the Chaney Family” will continue to build on the combined 110+ years of industry experience between the two companies. Today is an exciting day for Chaney Enterprises, an exciting day for Chandler Concrete, and a bright day for the future of these family organizations. “We could not be more excited for the partnership with Chaney. This brings an ideal scenario for our culture, our employees, and our customers. The future for these businesses is bright,” said Ted Chandler, President of Chandler Concrete. Closing is expected shortly.