The concrete services franchise looks to double its location count.
By Andrew Carlo
A franchise specializing in residential and commercial concrete services has signed a strategic partnership with a new investor.
Sam The Concrete Man is the largest concrete franchise in North America and boasts more than 100 locations in the United States and Canada. The franchise has now partnered with Eagle Merchant Partners, a private equity firm with a focus on franchise investments.
In a statement issued by the franchise, Sam The Concrete Man said that it will look to double its franchise locations within the next year. The plan calls for the company to then steadily expand its location count.
Based in Denver, Colorado, and founded in 1989, Sam The Concrete Man has locations in more than 30 U.S. states. In August, the company announced it had expanded into Canada with locations in Toronto and Vancouver.
“This collaboration with Eagle Merchant will allow us to take Sam The Concrete Man to new heights,” said Todd Stewart, CEO of Sam The Concrete Man. “We’re excited to bring more value to our customers with an expanded service footprint and tailored offerings in local communities.”
The company noted that Stewart will continue to oversee the company as CEO throughout the expansion plan and rollout of new initiatives.
Eagle Merchant is no novice when it comes to franchises. The equity firm has more than $1 billion invested in consumer and commercial service businesses. Funds from this investment will also be used to provide enhanced training and support for franchise owners.
“Our corporate and franchise development teams are fully prepared to support our franchise owners as we enter this next phase of growth,” Stewart said.
Services provided by the franchise include residential patios, driveways, walkways, sidewalks, pool decks, garage floors, basements, and more. On the commercial front, applications include parking lots, entry ways, walkways, and sidewalks.
For more information about franchise opportunities at the building materials company, click here,
