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Financial Advisor

TAS Commercial Concrete

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