A construction materials firm that’s operated for more than 50 years 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. Summit Materials also acquired Elam Construction in Grand Junction earlier this year.
According to records from the Mesa County Clerk and Recorder, Summit Materials purchased a total of $6.4 million in real estate in the transaction with Grand Junction Pipe and Supply.
Grand Junction Pipe and Supply includes concrete manufacturing, concrete ready mix, bio resource consulting, plastics distribution and water engineering divisions. The company operates locations in Grand Junction, Carbondale, Durango, Gypsum and Montrose.
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, Les McPherson, company accountant, said during an interview with the Business Times. Ron Tipping plans to remain local president for an interim period.
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 so-called Big Pipe Project in which a large drainage pipe was installed to reduce the potential for flooding near Mesa Mall.
The company employs 170 people, many of them long-term workers, McPherson said.
Ron Tipping stated in a news release: “It’s important that everyone understands that the sales, service and support personnel that you are accustomed to working with will remain in place and Grand Junction Pipe remains committed to the core values and goals that have made it successful.”
Summit Materials was formed in 2009 to acquire and grow companies in the aggregate, asphalt paving, cement, construction and ready mix concrete industries. Summit Materials also operates companies in Kansas, Kentucky, Missouri, Texas and Utah.
Grand Junction Pipe and Supply is the third high-profile local company to be purchased by larger, out-of-town companies this year. In addition to the Summit Materials acquisition of Elam Construction, ProBuild of Denver acquired Harbert Lumber Company.