Corporate Finance Associates Advises Overland Sand & Gravel.OMAHA Omaha, city, United States Omaha (ō`məhä, –hô), city (1990 pop. 335,795), seat of Douglas co., E Nebr., on the west bank of the Missouri River; inc. 1857. , Neb. -- NEBCO, Inc. of Lincoln Lincoln, city and district, England Lincoln, city (1991 pop. 79,980) and district, Lincolnshire, E England, in the Parts of Kesteven, on the Witham River. , NE, acquired the assets of Overland o·ver·land adj. Accomplished, traversing, or passing over the land instead of the ocean: an overland journey; an overland route. adv. Sand & Gravel gravel, particles of rock, i.e., stones and pebbles, usually round in form and intermediate in size between sand grains and boulders. Gravel is composed of various kinds of rock, the most common constituent being the mineral quartz. , Stromsburg, NE, strengthening NEBCO's position as the leading ready-mix concrete Ready-mix concrete is a type of concrete that is manufactured in a factory according to a set recipe, and then delivered to a worksite, often by truck. This results in a precise mixture, allowing specialty concrete mixtures to be developed and implemented on construction sites. 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 (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. 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 rail·road·ing n. The construction or operation of railroads. Noun 1. railroading - the activity of designing and constructing and operating railroads rail technology 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 privately held company A firm whose shares are held within a relatively small circle of owners and are not traded publicly. 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 advisory solutions, contact us. |
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