News Archives - Page 3 of 5 - BaseRock Partners

BaseRock Partners Advises Dutra Materials on its Sale to CRH

December 9, 2024/in News, News, Transactions

Denver, CO (December 9, 2024) – BaseRock Partners is pleased to announce it served as the exclusive advisor to Dutra Materials, a premier provider of aggregate and asphalt materials to the greater San Francisco market, on its sale to CRH. The transaction closed on November 15, 2024.

“Our collaboration with CRH for this acquisition marks the start of an exciting future for both companies,” said Bill Dutra, Executive Chairman of The Dutra Group.

“BaseRock’s market knowledge and experience was a critical factor in helping us identify a partner that shares our values and long-term vision for Dutra Materials. We are grateful for their support and guidance during the transaction process.”

Additional details on the transaction can be found here.

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 construction materials companies. For more information about M&A advisory or about our investment banking services, contact us.

BaseRock Partners Contact

Scott Duncan
Partner & Co-Founder
Email Scott
720.273.2781

BaseRock Partners Advises Tindol Aggregates On Its Sale To Capitol Aggregates

December 2, 2024/in News, News, Transactions

Denver, CO (December 2, 2024) – BaseRock Partners is pleased to announce the sale of the Aggregates Division of Tindol Construction (“Tindol”), a multi-site producer of aggregates products serving the Corpus Christi, TX, and surrounding markets, to San Antonio-based Capitol Aggregates. BaseRock served as the exclusive financial advisor to Tindol in the transaction.

“Partnering with BaseRock was instrumental in our sell-side transaction process,” said Jason Tindol, President of Tindol Construction.

“Their market insights, strategic guidance, and dedication to the process were critical to identifying the right partner and closing a transaction that exceeded our expectations.”

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 construction materials companies.

BaseRock Partners Contact

Scott Duncan
Partner & Co-Founder
Email Scott
720.273.2781

BaseRock Partners Advises Hartwig Mechanical, Inc. On Its Sale To Crete United

November 20, 2024/in News, News, Transactions

Denver, CO (November 20, 2024) – BaseRock Partners announces the sale of Hartwig Mechanical, Inc. (“Hartwig”) to Crete United, a portfolio company of Ridgemont Equity Partners. BaseRock Partners (“BaseRock”) acted as the exclusive financial advisor to Hartwig in this transaction.

Founded in 1958 by James H. Hartwig, Hartwig Mechanical, Inc. is a premier, full-service commercial and industrial mechanical contractor, serving the Northern Illinois, the North Side of Chicago, and Southern Wisconsin areas. This partnership also enables Crete to expand its geographical footprint and strengthen its presence in the Midwest.

“The BaseRock team was instrumental in our realizing an attractive outcome for Hartwig,” said Chadd Hartwig, CEO of Hartwig.

“BaseRock did a terrific job of communicating our story, their process generated significant buyer interest, and their industry expertise and experience was instrumental in managing the transaction. We are pleased to have realized such a successful outcome.”

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 & Co-Founder
Email Matthew
312.882.7649

BaseRock Partners Advises SunWest Builders On Its Sale To An ESOP

November 7, 2024/in News, News, Transactions

Denver, CO (November 5, 2024) – BaseRock Partners announces the successful sale of SunWest Builders to an Employee Stock Ownership Plan (ESOP). BaseRock Partners (“BaseRock”) served as the exclusive financial advisor to SunWest Builders.

SunWest Builders, founded in 1989 and headquartered in Oregon, has been a trusted name in Central Oregon’s construction industry for over 35 years. Known for delivering high-quality projects, from small-scale remodels to multi-million-dollar campus expansions, SunWest Builders consistently meets the highest standards of craftsmanship and customer service. The company’s stability and success are built on strong client relationships, with recommendations and referrals serving as a testament to its long-standing commitment to client satisfaction.

Under the leadership of President and owner Steve Buettner, who has been active in the region’s construction sector since the early 1980s, the company has earned a reputation for delivering high-quality, durable projects across a wide range of sizes and types.

Reflecting on this new chapter, Buettner shared, “I have always believed in the talent, dedication, and heart of our team. Transitioning to an ESOP reflects my confidence in our people and honors the collective effort that has driven our success. I couldn’t envision a better legacy than empowering our employees to shape the future of SunWest Builders.” Buettner shared,

“BaseRock Partners came highly recommended to us, and they lived up to their reputation as leaders in construction company ESOP formations. Their expertise and guidance were crucial as we navigated the complexities of transitioning to an ESOP.

With their insightful support and step-by-step leadership, BaseRock proved to be the ideal partner during this transformative period for SunWest Builders.”

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 & Co-Founder
Email Matthew
312.882.7649

ESOP Association (TEA) Employee Owned Conference 2024

October 8, 2024/in Events, News

Meet us at the ESOP Association (TEA) Employee Owned Conference in Las Vegas, NV November 13-15, 2024.

The Employee Owned Conference, attended annually by more than 2,000 employee-owners, thought leaders, and professional advisors, is the largest ESOP conference in the world. Make sure to join us in Las Vegas for collaboration, networking, and multiple learning tracks designed to help you get the information you need.

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

MarshMcLennan Agency Construction Summit 2024 – Scottsdale

September 10, 2024/in Events, News

Speaking Topic

Dustin Bass and Scott Duncan are presenting Ownership Continuity & Transition Planning at the 2024 Construction Innovation Summit.

About the Event

Join Marsh McLennan Agency for their upcoming Construction Summit. This event promises to be an insightful gathering of industry experts, where they will explore various topics crucial to the construction sector. Their distinguished speakers will share their expertise on a wide range of subjects, ensuring a comprehensive and engaging experience for all attendees.

Click here to learn more about the event.

Meet Our Team

Dustin Bass | Partner

dbass@baserockpartners.com
(303) 681-1721

CFMA New England Conference 2024: Construction Industry M&A Trends

August 27, 2024/in Events, News

Speaking Topic

Dustin Bass and Scott Duncan are presenting the Construction Industry Outlook and 2024 M&A Trends at this year’s CFMA New England Regional Conference on September 19, 2024.

About the Event

Designed for CFOs, controllers, and financial managers in the construction industry, CFMA New England is committed to delivering the

Be sure to stop by and talk with Dustin about how our firm brings deep industry experience, relationships, and expertise to every engagement. See why our unique approach to transaction advisory provides clients with greater clarity, improved transaction optionality, and exceptional outcomes.

Click here to learn more about the conference and speakers.

Meet Our Team

Dustin Bass | Partner

dbass@baserockpartners.com
(303) 681-1721

Scott Duncan | Partner

sduncan@baserockpartners.com
(720) 273-2781

BaseRock Partners Advises Clinton Electric, Inc. On Its Sale To Mid-Am Building Solutions, LLC

July 30, 2024/in News, News, Transactions

Denver, CO (July 30, 2024) – BaseRock Partners is pleased to announce the sale of Clinton Electric, Inc. to Mid-Am Building Solutions, LLC, a portfolio company of Craft Work Capital Investments, LLC. BaseRock Partners (“BaseRock”) acted as the exclusive financial advisor to Clinton Electric, Inc. (“Clinton Electric “) in this transaction.

Clinton Electric, headquartered in Ina, Illinois, has been a trusted partner in the field of industrial and commercial electrical contracting since 1981. The company offers a comprehensive range of services, including new construction, renovations, repairs, general maintenance, plant shutdowns, and emergency response. Serving primarily the southern section of Illinois, Clinton Electric’s impressive portfolio includes clients such as Southeastern Illinois Electric Cooperative, Continental Tire, Conagra Brands, Walker’s Bluff Casino, and SSM Health.

“We couldn’t be more grateful for the BaseRock team during the sale of our company,” said Pam Allen, President of Clinton Electric. “BaseRock’s approach to managing both the buyer and us kept the process on track and their patience and willingness to educate me through every step were invaluable. We were fortunate to have had BaseRock guide our ownership team through the sale process. A special thanks to the team!”

“Clinton Electric is a truly impressive company with a reputation of superior workmanship. Their talented leadership team fosters a great culture that is fortified by dedicated, highly skilled union electricians. Clinton Electric is an important addition to the Mid-Am Building Solutions platform and we look forward to supporting the team in their growth plans,” said Rob Krueger, CEO of Mid-Am Building Solutions, in this press release.

Craft Work Capital Investments, LLC (“Craft Work”), a strategic investor exclusively focused on mechanical, electrical, and other related specialty contracting firms, completed a control investment in Clinton Electric, Inc., by Mid-Am Building Solutions, LLC, Craft Work’s Midwestern-focused platform.

Clinton Electric will remain under its current name and continue to be helmed by Pam Allen as President, who has been with the company for over 23 years.

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

John Steinegger
Managing Director
jsteinegger@baserockpartners.com
720.853.4235

Join Us at the 33rd Annual CICPAC Conference

July 18, 2024/in Events, News

We’re thrilled to be exhibiting at the 33rd Annual CICPAC Conference. Our team is looking forward to engaging with fellow members, CPAs, and industry professionals at the event, which is dedicated to advancing construction accounting education and sharing insights and expertise crucial to the construction sector.

Be sure to visit our team in the exhibitor space to learn more about how our firm brings deep industry experience, relationships, and expertise to every engagement.

See why our unique approach to transaction advisory provides clients with greater clarity, improved transaction optionality, and exceptional outcomes.

Learn more about the CICPAC Conference

Meet Our Team at the Conference