Jump to content
Sign in to follow this  

Recommended Posts

Cherry has always been nice to me. Wanted to create a thread about one of my favorite companies in the industry.  Also referred to Cherry Demolition, Cherry Crushed Concrete, etc.  They are the biggest demolition contractor in Houston. You see them everywhere.

 

https://cherrycompanies.com/

 

Quote

 

 

B8WBQs7.png
 

Share this post


Link to post
Share on other sites

They have done many projects in the refinery where I work. Demoed several tanks and process units.

  • Like 1

Share this post


Link to post
Share on other sites

Arcosa, Inc. Announces Completion of Cherry Companies Acquisition

https://www.businesswire.com/news/home/20200106005872/en/Arcosa-Announces-Completion-Cherry-Companies-Acquisition

 

January 06, 2020

 

Quote

 

DALLAS--(BUSINESS WIRE)--Arcosa, Inc. (NYSE: ACA) (“Arcosa” or the “Company”), a provider of infrastructure-related products and solutions, today announced that it has closed the acquisition of Cherry Industries, Inc. and affiliated entities (“Cherry” or “Cherry Companies”), a leading producer of natural and recycled aggregates in the Houston, Texas market.

 

As previously announced, on December 12, 2019, Arcosa entered into a definitive agreement to acquire Cherry for $298 million. With revenues and EBITDA of approximately $176 million and $37 million, respectively, for the trailing twelve-month period ended September 30, 2019, Cherry adds 12 Houston locations to Arcosa’s existing 19 active aggregate and specialty materials locations in Texas, building out Arcosa’s footprint in a key Texas market with healthy population growth, major highway investments, and positive private demand drivers.

 

At closing, the purchase price was funded with a combination of cash on-hand and advances under a new $150 million five-year term loan provided by a syndicate of banks. The interest rate under the facility, initially set at 3.4%, is variable based on LIBOR and Arcosa’s leverage.

 

 

  • Like 1

Share this post


Link to post
Share on other sites

"A leading producer of aggregates"
So, sir, can you tell me what the source of your aggragates is?
Yeah- we blow stuff up.

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
Sign in to follow this  

×
×
  • Create New...