Concrete Pumping acquires Templant Hire, terms undisclosed

Concrete Pumping (BBCP), through its U.K. operations under the Camfaud brand, announced the strategic acquisition of Templant Hire Limited, a provider of temporary power solutions. The company said this marks its entry into the U.K. temporary power market. “This acquisition represents an important step in executing our strategy to build a diversified, multi-service platform supporting the construction and infrastructure sectors,” said Bruce Young, president and CEO, Concrete Pumping. “It is a high-quality business with strong leadership, and we see clear opportunities to accelerate growth both organically and through disciplined add-on acquisitions, while also delivering meaningful synergies and long-term sustainable value for our shareholders.” The transaction is expected to be net debt neutral. The financial terms of the deal were not disclosed.