D.C.-based firm buys Grand Junction Pipe

Summit Materials has acquired Grand Junction Pipe & Supply, including its facilities along the Interstate 70 Business Loop. Earlier this year, Summit Materials also acquired Elam Construction in Grand Junction. (Business Times photo by Mike Moran)

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.

One Response to "D.C.-based firm buys Grand Junction Pipe"

  1. Deb   November 11, 2011 at 5:40 pm

    I would love to know more about this Summit Materials LLC, and there private investors backing these acquisitions Silverhawk, Blackstone capital partners, and Charles, (chip) Goodyear BHP Billiton and all it’s plans for the future of these companies they are buying up.  As of date they have bought up 20 companies all throughout the Midwest. All pertaining to construction and energy . While there intentions are fairly obvious, to make money after gas and oil takes off again they have their bases covered for themselves. But, in the meantime they have bought competing companies in a very bad economy. How are each of these individual companies going to make any money for themselves and employees?  With few jobs and bidding going on. (It is like cutting your own throat). While there are states that are making money at this moment like TX, Utah, Wy, where they are also buying businesses, here in Co we are sitting and twirling are thumbs waiting. Stock piling materials and going no where. Jobs are at a stand still for what these business do.  So, who are these people, and what are they going to do?  Have they even as yet introduce themselves to anyone here on the western slope?  Talked with their new employees about change or up coming plans? They are based in Washington DC.  Summit was founded by an ex Old castle employee in 2009.  With a commitment from his investors of $780 million to start a big business. So help me understand here, exactly what and how is this helping  employees now of these companies?  They have already taken pay cuts and hour loss, suffered layoffs, like most companies. So here comes a outfit that wants to corner the market buying these businesses out at reduced prices in a bad economy to do just that. Maybe they can afford to sit on it until that happens. The employees cant.  Just to stay working a job they have agreed to taking cuts. They are losing the battle here. After hearing of the buy out they were hoping that it would be a boost. Hoping to see a change, new jobs happening.  So far they have seen nothing except changes in there insurance policies costing more and having to wear safety vests. No one at these companies other than maybe the owners and some supervisors have even met them. And that was only to implement there new policies and review records. Why have they not set a met and greet? Is this all about the bottom line for them in the future? Are they going to help themselves or businesses here?