Spokane Valley-based commercial and residential concrete contractor Cameron-Reilly LLC has agreed to acquire the assets of Meidling Concrete Inc., also of Spokane Valley, says Jim Cameron, Cameron-Reilly’s co-owner.
The acquisition is expected to be completed April 1, Cameron says. He declines to disclose the terms of the transaction.
With the acquisition, Cameron-Reilly will compete for a broader array of concrete services, Cameron says.
Meidling, a 60-year-old company, is best known for custom pouring and finishing large concrete slabs for commercial and industrial customers, Cameron says.
One growth area that Meidling brings to Cameron-Reilly, is concrete polishing in some commercial and industrial projects, he says.
“A function of a concrete-polished floor is you don’t have to deal with (flooring-material) issues,” Cameron says.
Curt Meidling, president and co-owner of Meidling Concrete, will become an employee of Cameron-Reilly as manager of finishing and polishing. Cameron-Reilly also plans to hire about 20 Meidling employees, Cameron says.
“The employees and equipment will be under the Cameron-Reilly banner,” he says.
The company expects to have up to 100 employees during the peak of the construction season, Cameron says. All operations will be based at Cameron-Reilly’s office-and-shop complex at 309 N. Park Road, where the company occupies a total of 13,000 square feet of floor space and 3.5 acres of land.
Cameron-Reilly plans to reconfigure its office building to accommodate more offices, Cameron says.
Meidling is in the process of moving its equipment to the Cameron-Reilly property from 12411 E. Empire.
“We’ll probably have to buy another acre or two from an adjacent landowner to store all of the equipment,” Cameron says.
Cameron-Reilly’s annual revenues are trending upward, and the company has its biggest backlog in years, he says.
Cameron-Reilly most recently landed a $750,000 contract for concrete work along at the main entrance to the Coeur d’Alene Resort. The two-block-long Front Avenue project will connect the Centennial Trail on the west side of the resort to the new McEuen Park on the east side of the resort, Cameron says.
The Front Avenue project has a tight deadline, he says, adding, “The work has to be finished before Memorial Day.”
The company also is a subcontractor on the big McEuen Park construction project, with a $1.8 million contract. Cameron says Cameron-Reilly’s portion of the McEuen project, which broke ground last year, is expected to be completed by summer.
Cameron-Reilly also is a subcontractor on the Huntington Park project, near Spokane City Hall; the Ferris High School modernization project, on the South Hill; and a Washington State University football operations building in Pullman.