FMI Capital Advisors, a subsidiary of FMI Corporation, is pleased to announce that New Enterprise Stone & Lime Co., Inc. (“New Enterprise”) has acquired the assets of EJB Paving & Materials Company (“EJB”) and select assets of Berks Products Corporation (“Berks Products”). FMI Capital Advisors acted as the exclusive financial advisor to Berks Products and EJB for these transactions.
New Enterprise is a privately held, vertically integrated construction materials supplier and heavy/highway construction contractor in Pennsylvania and western New York and a national traffic safety services and equipment provider.
EJB is a road construction and blacktop supply company located in the heart of Berks County, Pennsylvania. Located just south of Leesport, Pennsylvania, EJB’s two hot mix asphalt plants service Berks and surrounding counties.
Berks Products is a leading supplier of aggregates, ready mix concrete, and construction materials in Southeastern Pennsylvania. Markets served include Berks County, the Lehigh Valley and all surrounding areas. As part of the transaction, New Enterprise acquired Berks Products’ two aggregates quarries, four ready mix concrete plants, and construction supply facility.
About FMI Capital Advisors:
FMI Capital Advisors, a subsidiary of FMI Corporation, is a leading investment banking firm exclusively serving companies in Engineering and Construction, Infrastructure and the Built Environment. With over 600 completed transactions, our unique industry focus enables us to provide our clients with unparalleled insight and advice. Clients gain access to our extensive network of industry contacts and relationships, deep market knowledge and technical expertise.
FMI Capital Advisors Contact:
George H. Reddin – Managing Director
Dave Harrell – Chief Marketing Officer
*Represented by FMI Capital Advisors, Inc.