A Grand Junction firm with more than 50 years of operation in the Grand Valley has been acquired by a Washington, D.C. based company.
Grand Junction Pipe and Supply now works under the umbrella of Summit Materials, which also acquired Elam Construction in Grand Junction earlier this year.
Ron and Marie Tipping, owners of Grand Junction Pipe and Supply, sold the company in part because they have no relatives in line to continue operation of the business, said Les McPherson, company accountant, during an interview with the Business Times June 28.
Founded in 1958, Grand Junction Pipe and Supply has been involved in a number of large projects in recent years, among them the Riverside Parkway and the so-called Big Pipe Project in which a large drainage pipe was installed to reduce the potential for flooding near the Mesa Mall.
The company employs 170 people, many of them long-term workers, McPherson said.
Grand Junction Pipe and Supply is the third high-profile local company to be purchased by a larger out-of-town company this year. In addition to the Summit Materials acquisition of Elam Construction, ProBuild of Denver acquired Harbert Lumber Company.