Related Links: Connection Challenges Seen in AECOM's $6B Plan to Buy URS Three Natl. Contractors File for Chap. 7, Leaving Creditors in the Lurch Los Angeles investment firm Peninsula Pacific Strategic Partners LLC has acquired Denver-based Brundage-Bone Concrete Pumping Inc., the largest concrete pumping service in the U.S., in a $171-million deal that completes the firm's return from bankruptcy. The transaction represents a "relatively new platform" for Peninsula, says Joshua Phillips, managing partner. It is among the firm's first ventures into construction.Brundage-Bone officials say the deal, completed on Aug. 18, will not affect its 550 employees or any of its
The market is generally healthy and steadily growing, and margins are up for large specialty contractors. Further, advances in design tools and owner demand for collaboration are giving subcontractors a seat at the table early on in projects.