E. Tetz & Sons, Inc. has been acquired by Peckham Industries, Inc.
Northern Edge Advisors is pleased to announce the sale of E. Tetz & Sons, Inc. and its subsidiary, Tetz Asphalt LLC (collectively “Tetz”), to Peckham Industries, Inc.
Located in Middletown, NY, Tetz is the leading aggregate, ready-mix concrete, and hot-mix asphalt producer in Orange County NY. The Tetz operations, leadership, and more than 130 dedicated employees will provide Peckham with expanding opportunities in this fast-growing region.
Northern Edge Advisors served as the exclusive financial advisor to the Tetz Family for this transaction.
“This acquisition allows us to further integrate and grow our presence in the lower Hudson Valley region of New York, one of the most rapidly growing parts of the state,” said Damian Murphy, President of Peckham Industries, Inc. “We recognize the prominent history of Tetz and the significant contribution the business has made to the region. Peckham believes that our “family by choice” culture delivers value as the trusted supplier of construction materials, products, and services in the communities that we serve. We are excited to bring that value to customers in Orange County and the surrounding region.”
Gary Tetz Sr., President of E. Tetz & Sons, Inc noted, “We are extremely excited for Tetz to join Peckham Industries. Our shared values as family-owned companies will ensure a seamless transition for our customers and employees as we work through the integration process. We are looking forward to being a part of the growth of Peckham Industries in the surrounding region.”