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Wells reaches West, Southwest in Rocky Mountain Prestress asset deal

Sources: Wells Concrete, Minnesota; CP staff

Wells Concrete has become one of the top five precast/prestressed producers in the U.S. after acquiring key business assets of Denver-based Rocky Mountain Prestress (RMP). The transaction extends its Upper Midwest footprint in structural and architectural precast to markets from Canada to New Mexico and Wisconsin to Colorado.

Combining the power of these two companies provides a unique opportunity to deliver the highest levels of structural integrity and architectural finishes to our customers. In addition, our ability to drive innovation will be greatly enhanced,” says CEO Dan Juntunen. “We are looking forward to growing our company while maintaining strong roots in Denver.

“Both companies have similar philosophies and values in their approach to the marketplace. We believe in developing projects in a manner that builds long-term relationships,” adds RMP President Dave Holsteen. “With all the current Denver personnel staying in their positions, we expect the transition to be seamless.”

A new Brighton, Colo., precast/prestressed operation projected to open in 2020 will augment production flexibility and capacity in Denver, where RMP has nearly- adjacent structural and architectural product plants northwest of downtown. Wells Concrete and RMP were founded in 1957 and 1958, and have parallel project logs that include major stadium and commercial developments.