New Enterprise Stone & Lime Co., Inc. Acquires Hempt Bros., Inc.

April 30, 2021

New Enterprise Stone & Lime Co., Inc. (NESL) has acquired all outstanding stock of Hempt Bros., Inc., adding three aggregate plants, four hot mix asphalt plants, two ready-mix concrete plants and a paving/heavy-highway construction business in the Harrisburg, Pennsylvania area. The acquisition expands NESL's construction materials footprint into the Harrisburg market and is expected to be accretive to profits while completed with virtually no additional long-term debt.

Buyers
New Enterprise Stone & Lime Co., Inc.
Targets
Hempt Bros., Inc.
Sellers
Hempt Bros., Inc. shareholders (Hempt family)
Industry
Construction
Location
Pennsylvania, United States
Transaction Type
Buyout

Explore More

Related Acquisitions

Track M&A activity that matters to you

Get real-time deal alerts, build buyer lists with AI, and access our full acquisition database. Start your free trial today.