MINNESOTA – Wells Concrete, one of the largest and most innovative precast solutions provider in the upper Midwest, announced today that it has acquired all significant business assets of Rocky Mountain Prestress, which has been an integral part of the Denver business community for 60 years.
The joint venture, operating under the name of Wells Concrete, positions the company as one of the top five largest precast companies in the U.S., reaching 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,” said Dan Juntunen, President and CEO for Wells Concrete. “We are looking forward to growing our company while maintaining strong roots in Denver.”
Rocky Mountain Prestress’ Denver team will remain in place, providing consistency for current customers and day-to-day operations.
“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,” said Dave Holsteen, President of Rocky Mountain Prestress. “With all the current Denver personnel staying in their positions, we expect the transition to be seamless.”
Sam Nesius, Chairman of The Wells Companies, agreed.
“Wells is a family-owned company in its fourth generation. We are committed to this industry and a long-term view of business relationships. This position is definitely compatible with Rocky Mountain’s culture,” he said.
A new plant located in Brighton, CO is expected to be completed next year. Upon completion, this plant will enhance current capability and flexibility in the Denver market. Until then, existing plants at 5801 Pecos and 301 W. 60th Place will remain fully operational.
Founded in 1957, Minnesota-based Wells Concrete is one of the largest precast provider in the upper Midwest. The company designs, manufactures and installs structural and architectural precast solutions. Wells’ projects include stadiums such at U.S. Bank and Allianz Field, residence halls at the University of Minnesota and North Dakota State University, high-rise and residential buildings such as Higher Ground and Hyatt BCS Hotel, many large, highly-engineered food processing facilities and parking structures.
Denver-based Rocky Mountain Prestress has designed, fabricated and constructed structural and architectural precast concrete structures since 1958. The company has played an integral role in the construction of Denver International Airport, the Jefferson County Justice Center, Coors Field, the Pepsi Center, the Aurora Justice and Municipal Center, and numerous total-precast office buildings throughout the Denver metro area.