Date: March 5, 2025
Client: Cleveland Cement Contractors
Sector: Industrials
Industry: Concrete Construction
Houlihan Capital (Chicago, IL) acted as the exclusive financial advisor on the sale of certain assets of Cleveland Cement Contractors (Cleveland, OH) to Baker Construction (Monroe, OH). The transaction closed on March 5, 2025.
Cleveland Cement is a self-performing, full-service concrete contractor with offices in Cleveland, OH, and Richmond, VA. It specializes in large-scale concrete projects, including parking garages, office complexes, distribution centers, mixed use retail, and healthcare and educational facilities. The company was founded in 1944 and had grown to become a leading provider of vertical and horizontal concrete construction in Cleveland and Richmond.
Baker Construction is the nation’s largest concrete contractor, with 8,000+ employees across 20+ office locations. Baker’s portfolio of solutions includes structural concrete, tilt-up construction, civil construction, and structural concrete renovation/restoration services. To learn more about Baker, visit www.bakerconstruction.com.
Houlihan Capital represented and advised the owners of Cleveland Cement Contractors as it conducted a comprehensive process to identify and initiate discussions with strategic and financial acquirers.
For more information, please contact:
Sam Chaffee
Vice President
schaffee@houlihancapital.com
216.273.3588
