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.