Page 10 - CCD Magazine - Winter-Spring 2019 Issue

LafargeHolcim Expands Footprint in Colorado through Acquisition of Transit Mix Concrete Co. LafargeHolcim acquired the assets of Transit Mix Concrete Co., a leading supplier of building materials in Colorado and subsidiary of Continental Materials Corporation, for $27 million. LafargeHolcim takes ownership of the Transit Mix ready-mix operations and the Daniels Sand Quarry, all of which are located in and around Colorado Springs and Pueblo, Colorado. Transit Mix recorded adjusted revenues of $63 million in 2017 and has more than 180 employees. "For many years Colorado has been a dynamic and growing market, and Transit Mix Concrete Co. has been a part of that growth. They are the largest construction materials producer in the Southern Front Range, and this is a great opportunity to expand our business in Colorado," said René Thibault, Region Head North America and Interim CEO for LafargeHolcim's US Aggregates & Construction Materials business. "I'd like to welcome all Transit Mix Concrete employees to our company." Founded in 1945, Transit Mix Concrete Co. will continue to operate under its current name. This is the third acquisition for LafargeHolcim in the past seven months and the second in Colorado. AEC Industry News 1 Priority Environmental Services and Earth Services & Abatement Complete Merger 1 Priority Environmental Services, LLC, a premier provider of specialty environmental services in Texas and Louisiana, and a portfolio company of O2 Investment Partners, LLC, announced that they have completed a merger with Earth Services & Abatement, Inc. (ESA), a leading provider of environmental remediation and selective demolition services in the Rocky Mountain and Midwest regions. The combination creates one of the top five abatement firms by revenue in the U.S., according to Engineering News-Record’s top abatement contractors list. Under the merged entity, both firms will maintain current operations and leadership, with Gary Caldwell remaining as CEO of 1 Priority and Kory and Kristian Mitchell as Co- Presidents of ESA. At the time of the merger, ESA had an EMR rating of 0.77, and the combined business will have aggregate insurance coverage and bonding capacity of $10 million and $60 million, respectively. Luke Plumpton of O2 Investment Partners commented, “The combination of 1 Priority and ESA creates one of the largest abatement companies in the country that also has significant capabilities in related environmental and specialty infrastructure services, including remediation and decontamination. We’re thrilled to partner with Kory and Kristian and to support them in accelerating the growth of ESA.” Community College of Denver Announces New Building Crafts Program Construction building crafts certificates address local skills gap and help students "break ground" on their futures. The demand for people to fill construction jobs in Colorado exceeds the national average, and Community College of Denver has added two new certificates to the ecosystem of training and education providers addressing the local skills gap in the construction industry. The new Building Crafts certificates uniquely combine classroom coursework in design skills with field training in construction, and each can be completed in two semesters. The Basic Building Crafts and Advanced Building Crafts certificates are both a blend of classroom, digital design and construction learning opportunities and include a seven-week, hands-on experience at a Habitat for Humanity build site. It is estimated that there may be a need for as many as 60,000 new employees in the construction industry in the next 10 years, in Colorado alone. Interested in enrolling in one of the Building Crafts certificates? Please visit: www.ccd.edu/breakground. 10 | Colorado Construction & Design