TAS Commercial Concrete | Stephens

Who We Are

What We Do

We provide investment banking, research, sales and trading, asset and wealth management, public finance, insurance, private capital, and family office services.

About Us

We are a family-owned financial services firm that values client relationships, long-term stability, and supporting the communities where we live and work.

The Stephens Story

The idea of family defines our culture, because each of us knows that our reputation is on the line as if our own name was on the door.

Leadership

Our reputation as a leading independent financial services firm is built on the stability of our longstanding and highly experienced senior executives.

Impact Initiatives

We are committed to corporate philanthropy; economic and financial literacy advocacy; and diversity, equity, and inclusion initiatives.

Our Brand Ambassadors

Stephens is proud to sponsor the PGA TOUR, LPGA Tour, and PGA TOUR Champions careers, as well as applaud the philanthropic endeavors, of our Brand Ambassadors.

Stephens & Williams Racing Partnership

Stephens is the official investment banking partner of Williams Racing, one of the most winning teams in F1 history. We share that tradition of success.

Making Connections

We host many highly informative meetings each year with clients, industry decision makers, and thought leaders across the U.S. and in Europe.

Back to transactions
Financial Advisor

TAS Commercial Concrete

$115 Million 08/06/2015 Building Products, Materials & Technology Complete
Financial Sponsors
Show Tombstone

Transaction Details

  • On August 6, 2015, TAS Commercial Concrete (“TAS”) was acquired by Orion Marine Group, Inc. (“Orion”) for $115 million in cash, funded with a portion of the proceeds from a new syndicated credit facility
  • Founded in 1980 and headquartered in Houston, TX, TAS is the second largest Texas-based concrete contractor and provides turnkey services covering all phases of commercial concrete construction
  • Since 2008 TAS has been a portfolio company of Stephens Capital Partners, which is an affiliate of Stephens Inc.
  • The TAS acquisition provides diversification of Orion’s existing end markets and fundamental business drivers, as well as entry into non-marine end markets experiencing major growth
  • Stephens’ unique, longstanding relationship with Orion Marine was key to consummating a successful transaction between both parties
  • This deal represents Stephens’ fourth transaction involving Orion Marine in the last five years (three M&A transactions and one equity offering)
  • Stephens Inc. served as exclusive financial advisor to TAS on the transaction

About the company

TAS Commercial Concrete

Founded in 1980 and headquartered in Houston, TX, TAS is the second largest Texas-based concrete contractor and provides turnkey services covering all phases of commercial concrete construction. TAS provides its solutions through three primary service lines: light commercial, structural and other services. Through approximately 1,200 employees, TAS currently operates in Houston and the Dallas / Fort Worth Metroplex with full year 2014 revenue of $236.2 million and full year 2014 EBITDA of $24.2 million.

Orion Marine Group, Inc.

Orion Marine Group, Inc., a leading construction company, provides services both on and off the water in the continental United States, Alaska, Canada and the Caribbean Basin through its heavy civil marine construction segment and its commercial concrete segment. Orion’s heavy civil marine construction segment services includes marine transportation facility construction, marine pipeline construction, marine environmental structures, dredging of waterways, channels and ports, environmental dredging, design, and specialty services. Its commercial concrete segment provides turnkey concrete construction services including pour and finish, dirt work, layout, forming, rebar, and mesh across the light commercial, structural and other associated business areas. Orion is headquartered in Houston, Texas with offices throughout its operating areas.

Sources: Orion Marine Press Release.
  1. This material has been prepared solely for informative purposes as of its stated date and is not a solicitation, or an offer, to buy or sell any security. It does not purport to be a complete description of the securities, markets or developments referred to in the material. Information included in the material was obtained from external sources which we consider reliable, but we have not independently verified such information and do not guarantee that it is accurate or complete. Such information is believed to be accurate on the date of issuance of the material. No subsequent publication or distribution of this material shall mean or imply that any such information or opinion remains current at any time after the stated date of the material. We do not undertake to advise you of any changes in any such information or opinion. Additional information is available upon request.