Ballard Spahr Counsels Concrete Pumping Holdings in Acquisition of Capital Pumping
Ballard Spahr represented Concrete Pumping Holdings, Inc. (CPH) (Nasdaq: BBCP) in the company's agreement to acquire Capital Pumping, LP and its affiliates in an all-cash transaction. The parties have entered into a definitive agreement, which was announced today.
The agreement was unanimously approved by CPH's board of directors and is expected to close in the second calendar quarter of 2019, subject to regulatory approvals and other customary closing conditions.
CPH, through its operating companies, Brundage-Bone Concrete Pumping, Inc., Eco-Pan, Inc. and Camfaud Concrete Pumps, is a leading provider of concrete pumping and concrete waste management services in the United States and United Kingdom. The acquisition greatly enhances CPH's positioning and scale in the concrete pumping industry, specifically within the Texas region, where Capital Pumping is a provider of concrete pumping services.
The Ballard Spahr deal team was led by Denver-based Business and Finance Partners Michele J. Rowland and John L. Ruppert and included Associates Andrew D. Spruiell and Conor R. Crawford. Nearly 20 lawyers across the firm's offices assisted on the deal.