News Archives - Page 2 of 3 - BaseRock Partners

Holmes Murphy: 2024 Economic and Construction Outlook

April 16, 2024/in Events, News

BaseRock Partners joins Holmes Murphy for an insightful session on the economic outlook for 2024 and its impacts on the construction industry on April 18 in St. Paul, MN.

Speakers Dustin Bass and Scott Duncan will explore the intersection of Value Drivers and Exit Optionality for construction businesses. Looking forward to networking and sharing key insights in the company of industry leaders.

Click here to learn more.

Meet Our Team at the Conference

Dustin Bass | Partner

dbass@baserockpartners.com
(303) 681-1721

Scott Duncan | Partner

sduncan@baserockpartners.com
(720) 273-2781

BaseRock Partners Advises Cabrera Services Inc. On Its Sale To EnergySolutions, Inc.

March 20, 2024/in News, News, Transactions

Denver, CO (March 20, 2024) – BaseRock Partners is pleased to announce the sale of Cabrera Services Inc. to EnergySolutions, Inc., a portfolio company of TriArtisan Capital Advisors. BaseRock Partners (“BaseRock”) acted as the exclusive financial advisor to Cabrera Services Inc. (“Cabrera”) in this transaction.

For nearly 30 years, Cabrera has established itself as a trusted partner for environmental and radiological remediation projects nationwide. Headquartered in East Hartford, Connecticut, Cabrera provides services to commercial and federal clients and has been a prominent contractor in the U.S. Army Corps of Engineers and Formerly Utilized Sites Remedial Action Program markets. The company has a proven track record of safety and quality, with expertise spanning the entire environmental cleanup process. Cabrera management and employees will remain in place following the sale.

EnergySolutions, headquartered in Salt Lake City, Utah, is a global leader in the nuclear services industry, providing integrated solutions for nuclear decommissioning and waste management. With decades of experience, EnergySolutions serves government and commercial customers in the nuclear, environmental, and energy sectors. It was acquired by TriArtisan Capital Advisors in November 2021. Cabrera will be fully integrated into EnergySolutions’ federal program.

“This is a tremendous opportunity to take Cabrera to the next level,” said Rob Flowers, President and COO of Cabrera Services, Inc. “EnergySolutions shares our deep commitment to safety and top-notch environmental services, and together, we’ll have the resources and reach to make an even bigger impact. I’m particularly grateful to BaseRock Partners for their invaluable strategic guidance throughout this process. Their patience, resilience, and flexibility were instrumental in navigating the complexities of this transaction.”

About BaseRock Partners

BaseRock Partners is an investment bank built to serve the engineering and construction industry. BaseRock advises clients using a team-oriented approach that combines decades of industry expertise, deep industry relationships, and unique transaction capabilities specifically designed to meet the needs of engineering and construction companies.

BaseRock Partners Contact

Matthew Drake
Partner
mdrake@baserockpartners.com
312.882.7649

Presenting the Midwest Economic Update at NECA Midwestern Region Conference 2024

March 10, 2024/in Events, News

Matthew Drake, John Steinegger, and Dustin Bass are presenting the Midwest Economic Update at this year’s NECA Midwestern Region Conference on March 14.

Organized by the National Electrical Contractors Association (NECA), this conference brings together electrical contractors, industry leaders, manufacturers, suppliers, and other professionals involved in the electrical construction industry.

Click here to learn more about the conference and speakers.

Meet Our Team at the Conference

Dustin Bass | Partner

dbass@baserockpartners.com
(303) 681-1721

Matthew Drake | Partner

mdrake@baserockpartners.com
(312) 882-7649

John Steinegger | Managing Director

jsteinegger@baserockpartners.com
(720) 853-4235

AGC Executive Leadership Academy 2024

March 5, 2024/in Events, News

Dustin Bass presents strategies for the next generation of leaders in the construction industry at the AGC Executive Leadership Academy in Denver, CO on March 7th, 2024.

The AGC Board and the Construction Education Foundation are pleased to present the 11th annual Executive Leadership Academy. This academy is designed to prepare your next key leader for the c-suite and leadership roles. The academy is limited to 28 qualified registrants that are nominated by their company with a maximum of two candidates per firm.

Click here to learn more.

Meet Our Team

Dustin Bass | Partner

dbass@baserockpartners.com
(303) 681-1721

MarshMcLennan Agency Construction Summit 2024 – Spokane

February 20, 2024/in Events, News

Dustin Bass will be presenting at the Construction Summit, hosted by Marsh & McLennan Northwest on February 28 and 29 in Spokane, WA.

With the theme “Build a Better Business,” Baserock Partners will be the facilitators of this exclusive event that brings together 20 top construction firms across the West. Expect peer-to-peer exchanges and expert insights on strategic issues vital to contractors’ businesses.

Meet Our Team

Dustin Bass | Partner

dbass@baserockpartners.com
(303) 681-1721

CFMA Massachusetts 2024: Introduction to Ownership Succession

February 9, 2024/in Events, News

Dustin Bass and Scott Duncan will be speaking at the upcoming Massachusetts Chapter of CFMA event, sharing their expertise on a crucial topic for the construction sector: Ownership Succession.

Dustin and Scott will discuss pivotal factors impacting the value and marketability of construction businesses, the increasing significance of ESOPs in today’s market, outline the qualities of a robust ESOP candidate, and explore effective strategies for internal equity transfer.

Click here to learn more.

Meet Our Team

Dustin Bass | Partner

dbass@baserockpartners.com
(303) 681-1721

Scott Duncan | Partner

sduncan@baserockpartners.com
(720) 273-2781

ESOP Association (TEA) Professionals’ Forum 2024

February 4, 2024/in Events, News

Meet us at the upcoming ESOP Association (TEA) Professionals’ Forum in New Orleans, LA on February 7th-9th, 2024.

The ESOP Association’s Professionals’ Forum is designed exclusively for high-level professionals who provide technical, financial, and legal assistance to ESOP companies. The Forum is a unique opportunity for professionals to gather with their peers for a collaborative learning experience. And because the Forum is a meeting of professionals for professionals, attendees can take full advantage of programming without the pressure of servicing or attending to client needs at our larger, national events.

Click here to learn more.

Meet Our Team

Matthew Drake | Partner

mdrake@baserockpartners.com
(312) 882-7649

John Steinegger | Managing Director

jsteinegger@baserockpartners.com
(720) 853-4235

BaseRock Partners Advises Brix Paving Northwest Inc. and RLC, On Their Sale To An ESOP

January 30, 2024/in News, News, Transactions

Denver, CO (January 30, 2024) – BaseRock Partners is pleased to announce the sale of Brix Paving Northwest Inc. and Roger Langeliers Construction Co., subsidiaries of WWS Holdings, Inc., to an employee stock ownership plan (ESOP). BaseRock Partners (“BaseRock”) acted as the exclusive financial advisor to Brix Paving Northwest Inc. (“Brix”) and Roger Langeliers Construction Co. (“RLC”) in this transaction.

For over 25 years, Brix Paving Northwest Inc. has provided its customers with the resources, equipment, and, most importantly, the people to complete paving projects of all calibers. From small residential driveways to mainline interstate paving and full parking lot restorations, Brix has developed a reputation for integrity, quality, and safety.

Founded in 1995, Roger Langeliers Construction Co. specializes in the placement, finish, sawing, and joint sealing of Portland cement concrete for roadways, driveways, sidewalks, and other residential and commercial projects. Over its nearly 30-year history, the company and its employees have developed trusted partnerships with clients, including construction companies and local governments, by delivering high-quality results on time and budget.

“At Brix Paving Northwest, we believe in the incredible talent and dedication of our team. That’s why we decided to sell the company to our employees through an ESOP. They have contributed so much to our success, and now they get to write the next chapter,” said Billy Stimpson, President of Brix. “We’re grateful to BaseRock Partners for partnering with us on this process. We couldn’t have done it without their expertise. Their reputation as a leader in this field is well-deserved.”

Web Langeliers, President of RLC added, “BaseRock Partners came highly recommended to us within the construction industry, and we couldn’t have asked for a more capable partner during this pivotal time for RLC. Their insight and support gave us complete confidence as we worked through a pretty complex process.”

BaseRock Partners is an investment bank built to serve the engineering and construction industry. BaseRock advises clients using a team-oriented approach that combines decades of industry expertise, deep industry relationships, and unique transaction capabilities specifically designed to meet the needs of engineering and construction companies. For more information about ESOP advisory or about our investment banking services, contact us.

BaseRock Partners Contact

Matthew Drake
Partner
mdrake@baserockpartners.com
312.882.7649

Baserock Partners Advises CPL On Its Acquisition Of Makovich & Pusti Architects

October 30, 2023/in News, News, Transactions

Denver, CO (October 30, 2023) – BaseRock Partners is pleased to announce the acquisition of Makovich & Pusti Architects (“MPA”) by CPL, a Rochester, NY based multi-disciplined architecture, engineering, and planning firm serving public and private-sector clients nationwide (“CPL”). BaseRock served as the exclusive financial advisor to CPL for this transaction.

The transaction combines MPA’s portfolio and knowledge base in healthcare, higher education, and the public sector with CPL’s innovative design approach and client-service expertise. The addition of MPA will also extend CPL’s geographic reach with its first office in Ohio, partnering with CPL’s Buffalo, NY and Pittsburgh, PA locations to create shared resources and capabilities.

“The shared commitment to a client-focused practice and blending of cultures and talents will allow us to provide national expertise to meet the complex and diverse needs of their clients,” said Todd Liebert, AIA, NCARB, CEO, CPL. “Culture is key and MPA brings the same energy and values to their business and clients as CPL. We’re committed to scaling our capabilities and preserving the creativity and agility that MPA provides.

“The professionals at BaseRock Partners worked closely with us to understand our transaction objectives and utilized that information to plan and implement a highly successful transaction process,” Mr. Liebert added. “BaseRock earned our trust early on and their industry knowledge and relationships proved invaluable in helping us execute a transaction with a partner that will allow us to further serve the needs of our clients.”

BaseRock Partners is an investment bank built to serve the engineering & construction industry. BaseRock advises clients using a team-oriented approach that combines decades of industry expertise, deep industry relationships, and unique transaction capabilities specifically designed to meet the needs of engineering & construction companies. For more information about M&A advisory or about our investment banking services, contact us.

BaseRock Partners Contact

Dustin Bass
Partner
dbass@baserockpartners.com
303.681.1721

Baserock Partners Advises McAninch Corporation On Its Sale To An ESOP

October 26, 2023/in News, News, Transactions

Denver, CO (October 26, 2023) – BaseRock Partners is pleased to announce the sale of McAninch Corporation (“McAninch” or the “Company”), a leading midwestern heavy civil contractor, to an employee stock ownership plan (“ESOP”). BaseRock Partners (“BaseRock”) acted as the exclusive financial advisor to McAninch Corporation in this transaction.

Founded in Des Moines, Iowa in 1967, McAninch specializes in grading and mass excavation, foundation excavation, and underground utility installation, including sewer and water main lines. Over its 56-year history, the Company has developed a reputation for exceptional technical expertise, outstanding project management capabilities, and enduring industry relationships.

“As the owner of McAninch Corporation, I’ve always believed in the incredible talent and dedication of our team,” said Doug McAninch, owner of McAninch Corporation. “Selling the Company to our employees through an ESOP was a decision driven by my unwavering faith in our people. I see this transition as a testament to the trust and faith I have in the individuals who have contributed to our success.”

“BaseRock Partners came highly recommended to us within the construction industry, and their reputation as a leader in this field is well-deserved,” McAninch added. “Their guidance and expertise were instrumental in helping us navigate the complex process of transitioning to an ESOP. BaseRock not only provided valuable insight but also led us with precision through each step of the journey. We couldn’t have asked for a more capable partner during this pivotal time for McAninch Corporation.”

BaseRock Partners is an investment bank built to serve the engineering & construction industry. BaseRock advises clients using a team-oriented approach that combines decades of industry expertise, deep industry relationships, and unique transaction capabilities specifically designed to meet the needs of engineering & construction companies. For more information about ESOP advisory or about our investment banking services, contact us.

BaseRock Partners Contact

Matthew Drake
Partner
mdrake@baserockpartners.com
312.882.7649