Gagne & Son Concrete Blocks, Inc. (“Gagne & Son”) announced that it has been acquired by a New England based family office (“Buyer”). This transaction is the successful culmination of an initiative led by Peloton Advisory LLC to identify a partner that would value the Gagne & Son brand, invest in the Belgrade, Maine manufacturing operation and support the loyal team members and customers, while allowing the Gagne family to exit their ownership of the business.
Founded in 1945, Gagne & Son (https://gagneandson.com/), a third-generation family-owned business, is a premier manufacturer of architectural landscape, masonry and pre-cast concrete building products and a reseller of related hardscape / landscape products and accessories. With seven locations throughout the state of Maine, Gagne & Son is vertically integrated from mined aggregates through manufacturing of concrete block / paving stones, to selling directly to the professional contractor or homeowner.
With Peloton’s guidance, the owners actively searched for the right next owner of their family business to be stewards of the company that their Grandfather started in 1945. The Gagnes are excited to be transitioning the ownership while continuing to operate the company on a daily basis. The Buyer has deep roots in Maine and plan to proudly continue the family tradition at Gagne.
Peloton Advisory LLC (www.pelotonadvisory.com) provides M&A and business advisory services to highly successful, privately owned entrepreneurial companies and their owners.