 Omaha,
Neb. – (BUSINESS WIRE) – May 16, 2007 – NEBCO, Inc. of Lincoln, NE, acquired the assets of Overland
Sand & Gravel, Stromsburg, NE, strengthening NEBCO's
position as the leading ready-mix concrete manufacturer in Nebraska. NEBCO retained all of Overland's management
team and employees and will operate Overland as a separate division
within the NEBCO organization.
Overland Sand & Gravel was founded in 1936 and grew to become one
of the 5 largest ready-mix concrete / aggregate manufacturers in
Nebraska. Overland has its headquarters in Stromsburg, NE, in the
central part of the state, and operates ready-mix manufacturing
facilities in six locations in central Nebraska and gravel-pit
operations in four separate locations in central Nebraska. Vayden
Anderson acquired the business from his family in 1959 and remained as
the CEO until the business was sold in 2007. Anderson retained the
services of Corporate Finance Associates to identify and negotiate a
deal with a strategic acquirer who would continue to build upon the
business he had developed.
Nebco, Inc. traces its roots to a company founded in 1908 by the
Abel family, who still own the business today. With about 1,000
employees, NEBCO has grown to become one of Nebraska's
largest privately owned firms. NEBCO's
operations span the state of Nebraska and supply the construction
industry with the materials needed to construct buildings, streets and
highways. The company's business interests
also include mining, highway and road construction, finance, real
estate development, agriculture, transportation, railroading and
warehousing. The most recent interests include a public golf course, a
professional baseball team, and a community development project that
includes residential homes and town homes as well as a business park
and retail center.
Transaction Information
On January 3, 2007, Overland Sand & Gravel was acquired by NEBCO,
Inc. in a private transaction for an undisclosed value. Corporate
Finance Associates served as exclusive financial advisor to Overland
Sand & Gravel.
Corporate Finance Associates is a major investment banking firm,
with over 30 offices providing privately held companies with a wide
range of financial advisory service and access to capital resources.
From project inception to completion a senior principal guides clients
through every challenge, advocates on their behalf, and leverages
CFA's experience and extensive resources.
For additional information, contact:
Jim Zipursky, Corporate Finance Associates | 402.330.2160
Media Contact:
Corporate Finance Associates
Mary Jean Woodyard
949.305.6710 x116
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