Chaney Enterprises expands in Virginia through acquisition

Chaney Enterprises, a ready-mixed concrete, aggregate, custom blends and related construction supplies provider, completed the acquisition of GreenRock Materials, a ready-mixed concrete business based in Charles City, Virginia.

Chaney Enterprises acquired all eight of GreenRock’s concrete plants, including five fixed plants operating in the region of Richmond, Virginia, as well as three plants in GreenRock’s portable plant division. Chaney also acquired GreenRock’s three affiliated companies: Mid-Atlantic Concrete Pumping, Stony Creek Sand & Gravel, and NSL Transport.

GreenRock employees joined the Chaney Enterprises team while continuing to work in their current roles.

Additional details

The five GreenRock concrete plants are located in Amelia, Ashland, Charles City, Prince George and Richmond. Stony Creek Sand & Gravel has two mining operations that supply materials to ready-mix, precast and asphalt producers. Mid-Atlantic Concrete Pumping is central Virginia’s largest locally owned concrete pumping company, Chaney says. NSL Transport operates a fleet of bulk tankers and dump trailers.

Michael Lamb, founder, and president of GreenRock started the company in 2010. Now, Lamb joins Chaney’s executive team in a new role as vice president of growth and acquisitions. Lamb’s primary responsibility is identifying and determining the feasibility of acquisitions and mergers, as well as other growth initiatives.

According to Chaney, GreenRock represents its fourth expansion in Virginia.

“Entering central Virginia’s market is a remarkable opportunity for all our current and new team members,” says Francis Chaney III, CEO of Chaney Enterprises. “We look forward to integrating our business with GreenRock’s experienced network of great people and building on their success in one of America’s oldest major cities. We were attracted to GreenRock because of our similar corporate cultures with a focus on integrity and a high-level commitment to providing excellent products and services to our customers.”