DECEMBER 7, 2004 - Posted at 9:38 a.m. CST
JONESBORO, AR - Jonesboro construction firm, B.B. Vance & Sons and Nabholz Construction Corporation of Conway this morning announced a merger that unites two of the oldest and most profitable construction companies in Arkansas.
"Entering the fast-growing northeast Arkansas market area with Gene and David Vance and their team is a logical extension of our strategic plans," said Bill Hannah, CEO of Nabholz. "Our goal is to combine the finest resources of each company to strengthen our ability to better serve our clients."
According to a news release, "The cultural similarities and compatibility between the two companies, along with the opportunity for state and national growth, led to the formation of B.B. Vance-Division of Nabholz Construction." Both companies have been in business for more than 55 years.
B.B. Vance president Gene Vance said, "Our integration with Nabholz will allow the company to benefit from an enhanced competitive position, increasing the scope of services while giving the existing management team greater resources to serve local and regional clients." He also added, "We plan to utilize these combined benefits to create customer value and to drive the growth of this dynamic business over the long term."
B.B. Vance & Sons was founded in Sedgwick, in Lawrence County, in 1937 by Boston B. Vance, and has remained a family-owned business since that time. The company has averaged $20 million in annual sales with approximately 85 employees, and has played an integral part in the development of northeast Arkansas, providing services for clients that include Arkansas State University, Frito Lay, St. Bernards Medical Center and the Jonesboro Municipal Airport.