The BM Group of Companies has acquired Vancouver Ready Mix and Fraserway Prekast, further supporting its portfolio of construction, project management, material supply and land development companies.
“BM Group now represents fourteen active independent businesses, offering a comprehensive network of complementary businesses to our clients,” said Balraj Mann, chairman and CEO of BM Group. “Our financial strength, matched by our portfolio of businesses brings cost savings, time efficiencies and other benefits to our clients.”
The acquisition of Vancouver Ready Mix and Fraserway Prekast includes the fleet, equipment, property and unique opportunities in manufacturing concrete products.
“With over 30 years of experience in concrete, acquiring Vancouver Ready Mix was a natural step in expansion, enabling BM Group to double production capacity and serve new geographic locations,” said Racy Sidhu, partner in the BM Group’s Material Supply division.
“Purchasing Fraserway Prekast as part of this acquisition was a unique opportunity, with capabilities to manufacture precast concrete products, which is aligned with BM Group’s core specialties.”
Headquartered in Vancouver, BC, the company represents a portfolio of fourteen construction, project management, material supply and land development companies.
The company is one of the most diverse companies of its kind, with a collection of brands, including Polycrete Restorations, Contech Services Inc., TEK Roofing Ltd., Dallas Watt Demo Ltd, Urban Sawing and Scanning, Yard-At-A-Time (YAAT) Concrete Ltd., Manorlane Homes Inc., Penmat Contracting and Project Management Ltd.
“We are bringing revitalization to an industry that is seeing ready mix and related concrete businesses continue to be absorbed by large multinational companies and equity companies,” said Milan Mann, vice president of BM Group.
“We are proud to be a family-owned local business that can provide opportunities for employment and growth in our communities.”