Founded in the early 1970s, the Company manufactures and supplies ready-mix to customers throughout West Michigan. The Company offers ready-mix concrete, aggregate, crushed concrete, precast products, and septic tanks.
The Company derives approximately 75% of revenue from ready-mix, 20% from aggregate, and the remaining 5% from crushed concrete, septic tanks, and precast products. The typical customers for the Company are concrete contractors, farmers, individual buyers, and home builders.
The Company owns and controls its material supply, affording it operational synergies versus having to purchase materials from third-party vendors. It differentiates itself through the wide array of products offered. Rarely do competitors offer more than 1-2 products.
The Company operates out of facilities owned by the same owners as the Business, under a separate entity. The three buildings include a 1,800-square-foot office building with 1,200 square feet of office space and 600 square feet of storage, a 5,000-square-foot maintenance building, and a 4,000-square-foot precast/septic tank building. All buildings are maintained on a regular basis and are in excellent condition. The owners are open to selling or leasing the facilities and land to the new owner(s).
The Company is operated by two owners who are seeking to sell the business to transition gradually into retirement. The owners are ready and willing to provide reasonable and ordinary transitionary assistance for new ownership.