Follow-on Offering

Technology & Services
Follow-on Offering

Summary

Baird served as co-lead bookrunning manager on this transaction

About

Concrete Pumping Holdings, Inc. (“CPH” or the “Company”) (NASDAQ: BBCP), recently completed a follow-on offering resulting in gross proceeds of $72,000,000. CPH intends to use the net proceeds from the offering to finance the previously announced acquisition of Capital Pumping, LP (the “Capital Acquisition”) and its affiliates, as well as transaction costs incurred in connection with the Capital Acquisition. Any proceeds from the offering in excess of amounts used to pay costs related to the Capital Acquisition will be used for general corporate purposes, including working capital and capital expenditures.

CPH is the leading provider of concrete pumping services and concrete environmental waste management solutions in the United States and United Kingdom. CPH has the industry’s most comprehensive fleet and skilled operators to provide highly-specialized, quality concrete pumping service and is especially suited to support large and complex construction projects. The Company operates under the only established national brands, providing concrete pumping services from 80 locations in the United States under the Brundage-Bone brand and from 29 locations in the United Kingdom. under the Camfaud brand. In addition to concrete pumping services, CPH also provides a complementary, full-service, cost-effective, and regulatory-compliant solution to manage environmental issues caused by concrete wastewater (“washout”) under the Eco-Pan brand. Eco-Pan’s route-based solution operates from 14 locations in the United States, provides watertight pans used to collect concrete washout, and ensures fully-compliant disposal and recycling of the waste. CPH is well-diversified across the commercial, infrastructure and residential end-markets, and serves a growing base of more than 8,000 customers with minimal customer concentration. CPH is headquartered in Denver, Colorado.
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Technology & Services
Follow-on Offering
Date
May 2019
Company
Concrete Pumping Holdings, Inc.
Transaction
M&A
Sectors
Technology & Services
Target Location
North America

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