Nashville-based RGI Group Purchases Reed Contracting
One of Huntsville’s top highway/construction contractors has been bought by a Nashville company.
Reed Contracting Services has been acquired by Rogers Group Inc., according to a news release from the Nashville company.
The purchase includes Reed’s quarry, sand plant, five asphalt plants and all construction assets. Since its inception in 1987, Reed has grown to be the leading provider of mass excavating, grading, underground utilities, asphalt paving and trucking services in Huntsville. Reed has some 600 employees.
“Selling to Rogers Group gives me peace of mind that the values and principles I have created at Reed Contracting will live on,” said owner and founder Mike Reed. “I am confident the family environment and growth opportunities for our people will continue for decades to come.”
RGI is a leading supplier of crushed stone in the northern Alabama market and a provider of asphalt paving services in northwest Alabama. With the acquisition, RGI will provide start-to-finish construction and materials services to the greater Huntsville market.
“Managers of RGI and Reed are working to ensure a smooth transition and no interruption of service to our customers,” the release said.
“This acquisition exemplifies one of Rogers Group’s key growth strategies, which is the acquisition of well-run aggregate and construction businesses closely aligned with our core values and displaying a strong sense of responsibility to the communities where we work,” said RGI President and CEO Darin Matson. “We could not be more pleased to be able to welcome the Reed employees to RGI as we combine our core strengths with theirs, to build upon the fine reputation Mike and his team have created the last 34 years.”
The acquired company will join RGI’s Southern Division lead by Division Vice President Derek Roberts and operate under the direct leadership of newly appointed Vice President Anthony Garcia.
Founded in 1908, RGI is the largest privately held aggregate company in the U.S., employing 2,700 people across 10 states.