Matthew Drake of BaseRock Partners will attend the ESCA 2026 Pacific Regional Policy Seminar, hosted by the Employee-Owned S Corporations of America (ESCA), October 26-27 in Coronado, California.
The seminar brings together senior executives from S ESOP companies for breakout sessions led by leading S ESOP professionals, a policy update, and opportunities to connect with peers across the industry.
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BaseRock Partners’ Luke Smith will present, “Approached to Sell? An Electrical Contractor’s Guide to M&A,” on October 22 at IEC SPARK 2026 in Columbus, OH.
As consolidation accelerates across the electrical contracting industry, more owners are being approached by buyers, often without warning. This session breaks down what that means for your business: how acquirers value electrical contractors, what to do when an offer lands on your desk, and how to prepare so you negotiate from a position of strength.
Presented by Independent Electrical Contractors, Inc, SPARK 2026 brings together electrical industry professionals to connect, learn, and grow through networking and education opportunities.
BaseRock Partners’ Dustin Bass and Scott Duncan will present, “Introduction to Ownership Succession: An introductory discussion of the most common ownership succession paths in the construction industry,” on September 23-25 at the CFMA Pacific Northwest Regional Conference in Seattle.
BaseRock’s presentation will provide an in-depth overview of the key factors that drive salability and enterprise value within the construction industry. Attendees will gain insight into the current mergers and acquisitions landscape affecting contractors, engineering firms, and specialty contractors, with discussion centered on market activity, buyer trends, valuation considerations, and the evolving role of private equity and strategic acquirers in the sector.
The session will also explore the growing popularity of Employee Stock Ownership Plans (ESOPs) within the construction industry as a strategic ownership transition and employee retention tool. In addition, the presentation will review other commonly utilized internal equity transfer strategies, and phased ownership transition models. Participants will leave with a stronger understanding of the options available to construction business owners seeking to maximize value while planning for long-term continuity and leadership transition.
The CFMA Pacific Northwest Regional Conference is designed for finance and accounting professionals across the construction industry, including CFOs, controllers, financial managers, CPAs, and other industry specialists.
BaseRock Partners is pleased to announce the sale of K&E Excavating, Inc. (“K&E”) to an Employee Stock Ownership Plan (ESOP). BaseRock Partners (“BaseRock”) served as the exclusive financial advisor to K&E throughout this process.
Founded in 1998 in Salem, Oregon, K&E Excavating began as a small, family-owned excavation and grading contractor. Over the past 28 years, the company has grown into a full-service civil construction firm, expanding its capabilities to include underground utilities, highway and bridge construction, paving, concrete, rock crushing, and airport construction.
K&E now operates across Oregon, Washington, California, Idaho, Montana, and Alaska, and employs more than 400 people, all of whom are now owners in the company through the ESOP.
“Pursuing an ESOP allowed us to protect what we built over the last 28 years. Our employees are the reason K&E has grown from a small excavation crew into a company that serves the entire Pacific Northwest, and this transition ensures they share directly in that success. Selling to an outside buyer couldn’t guarantee our culture or our commitment to our communities would be carried forward. Transitioning ownership to our people did, and we are very proud to be able to do this for our employees, because essentially, they (the employees) got us to where we are at,” said Kerry D. Kuenzi, President of K&E Excavating.
“BaseRock Partners was incredible. The knowledge, timeliness, quality, and accuracy were phenomenal. They took us through a complicated process and made us feel comfortable with every step, delivering on every timeline they set. Their expertise, professionalism, and reputation showed throughout the entire process. They were an absolute joy to work with from start to finish,” said Kuenzi.
BaseRock Partners (“BaseRock”) is pleased to announce that it served as the exclusive financial advisor to Satterfield & Pontikes Construction, Inc. (“S&P”) on its acquisition of A.G. Peltz Group, LLC (“A.G. Peltz”) and Abramson, LLC (“Abramson”). BaseRock advised S&P throughout the transaction process, from strategic evaluation and valuation to due diligence management and negotiation of definitive transaction terms.
Based in Irondale, Alabama, A.G. Peltz and Abramson together form a specialty paving and heavy civil construction platform with market-leading expertise in roller-compacted concrete (RCC), slip-form paving and complementary concrete construction services.
Abramson was founded in 1959 and A.G. Peltz in 1999, giving the combined business more than 65 years of operating history. A.G. Peltz is a premier provider of RCC, having placed more than 10 million square yards of pavement, and has earned 11 American Concrete Pavement Association awards for project excellence. Its solutions serve a blue-chip base of state departments of transportation, ports and intermodal facilities, manufacturers, distribution operators and airports.
Abramson specializes in concrete construction and rehabilitation services for DOT infrastructure projects in Alabama and surrounding states, including slip-form paving, bridge rail, barrier and retaining walls, bridge repair, culverts and other concrete infrastructure work.
Headquartered in Houston, Texas, Satterfield & Pontikes Construction is a leading general contractor with more than 35 years of experience delivering complex projects across the industrial, mission-critical and aviation sectors. S&P has a long track record of acquiring and integrating self-perform specialty contractors, including Eagle Contracting, Rollcon and Greco, which have become successful operations within the firm.
The acquisition expands S&P’s self-perform capabilities, pairing A.G. Peltz and Abramson’s specialty concrete paving expertise with S&P’s scale and project platform. The combination positions both organizations to pursue larger and more complex infrastructure projects while preserving the operational leadership, culture and longstanding customer relationships that have defined A.G. Peltz and Abramson for decades.
Matthew Drake of BaseRock Partners joins a panel of ESOP transaction advisors to present ESOPs and the Construction Industry: A Panel Q&A with the Key Players on July 24th from 8:15 AM to 9:30 AM CT in the Grand Ballroom, 7th Floor, at the 35th Annual CICPAC Conference.
ESOPs continue to gain traction as a succession planning vehicle for construction contractors, but the path from consideration to closing is rarely straightforward. In this open-format session, four advisors at the center of ESOP transactions, an ESOP attorney, an independent trustee, a construction lender, and a surety professional, share their front-line perspectives on what’s working, what’s not, and what CPAs need to know to best serve their contractor clients.
Topics include ESOP formation trends, valuation challenges, lender and bonding considerations, and the operational realities contractors face post-transaction.
BaseRock Partners is proud to participate in the 2026 CICPAC Annual Conference on July 22 – 24 at the InterContinental Chicago Magnificent Mile. Hosted by the CICPAC, this annual event brings together accounting, consulting, and advisory professionals dedicated to the construction industry.
The conference delivers high-value education across tax, assurance, and advisory services, with sessions focused on emerging issues such as M&A, ownership transition, ESOPs, industry benchmarking, and economic forecasts. We’re looking forward to presenting exclusive insights and networking with industry experts and peers.
BaseRock Partners’ Dustin Bass and Matthew Drake will deliver an M&A market update, sharing perspectives on current trends, valuations, and broader market activity on June 17 at the Lockton Construction ESOP Summit.
The Lockton Construction ESOP Summit is an invite-only, two-day event designed for executives from ESOP construction firms.
BaseRock Partners Managing Director Jim Owen will participate in a panel discussion at the 2026 SBIA Midwest Deal Summit on May 27 in Chicago.
Jim will join fellow investment bankers to discuss the lower middle market deal environment, including key growth drivers, the expanding role of independent sponsors, and the impact of private credit on deal activity and sentiment.
The summit brings together deal professionals from across the region for a focused agenda of networking and discussion of trends shaping the lower middle market in 2026.
Learn more about the Midwest Deal Summit.
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Understanding what drives value in today’s construction M&A market requires more than timing. It requires preparation, positioning, and a clear view of how buyers evaluate businesses.
On April 23, CFMA Chicago will host “Industry M&A: What Drives Value in Today’s Market?” BaseRock Partners’ Jim Owen will join a panel alongside Marc Perez and Dean O’Brien to share perspectives on how buyers assess construction companies and what it takes to be investor-ready.
Attendees will also gain practical insights into what buyers value and how partnerships can shape the future of a construction industry business. Click here to learn more about the event.
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BaseRock Partners (“BaseRock”) is pleased to announce that it served as the exclusive financial advisor to Silktown Roofing, Inc. (“Silktown”) in entering into a strategic partnership with Greenwood Industries, LLC (“Greenwood”), a portfolio company of Dunes Point Capital, LP.
Founded in 1984 and headquartered in Manchester, Connecticut, Silktown Roofing is one of the Northeast’s most established and respected commercial roofing contractors. Over four decades in operation, Silktown has built a reputation for safety, quality workmanship, and lasting client relationships across commercial, industrial, and institutional markets. Silktown delivers a comprehensive suite of capabilities spanning roof installation, replacement, custom sheet metal fabrication, and ongoing maintenance and repair on all major roofing systems. The company serves a deep, longstanding base of general contractors, property managers, and building owners – many of whom have partnered with Silktown for years.
The partnership with Greenwood positions Silktown to accelerate its growth objectives while preserving the operational leadership, culture, and customer-first approach that have defined the business since its founding.
Together, Silktown and Greenwood will offer a combined platform with expanded geographic coverage, a deeper range of commercial roofing and building envelope services, and the resources to pursue larger and more complex projects.
Greenwood Industries, headquartered in Worcester, Massachusetts, is a leading commercial roofing and building envelope contractor serving the Northeast. Greenwood’s services include roofing, architectural metal fabrication, waterproofing, and maintenance solutions. With decades of experience, Greenwood serves a diverse customer base across commercial and institutional markets within its growing footprint.
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