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TickerBBCP
SectorEngineering & Construction
Mkt cap$402M
EV / EBITDA8.2×
PostureHigh Velocity
Composite62/100
LensTarget-side
SE-Cluster Research·Issuer Brief·Q2 2026CIK 1703956

Concrete Pumping Holdings, Inc.

BBCPHIGH VELOCITYFILING INTENSITY

Concrete Pumping Holdings, Inc. reads as High Velocity (composite 62/100); pressure / disclosure signals dominate the posture this cycle · primary market E&C.

Lens

Disclosed M&A capital (2023–2025)

N/A

−99%

vs N/A in 2020–2022

Disclosed transactions

1

−80%

1/3 active fiscal years in window

Buyer archetype

Selective Buyer

Acquisition use is visible but targeted.

Composite score

62

/100

High Velocity dominates · Filing Intensity

Financial snapshot
Revenue$397M
EBITDA$97M
Enterprise value$790M
EV / Revenue2.0×
EV / EBITDA8.2×
P/EN/A
Cash$53M
Total debt$418M
as of 2026-05-10
§ I·SE-Cluster Issuer Brief

Behavioral posture, nine reads.

Each index scores the issuer 0–100 against an EDGAR-anchored definition. Scores ≥ threshold elevate the issuer into the index's constituent set; the dominant index drives the masthead label.

Active Acquirer

6/100

Companies actively deploying disclosed capital into M&A

  • $43M disclosed buyer spend

Buyer Cadence

3/100

Buyer-side companies with recent filing activity

  • 76 8-Ks

Target Probability

18/100

Issuers showing target-side patterns from filings

  • 5 activism filings

Spin/Carve

0/100

Issuers showing spin-off, carve-out, or sum-of-parts posture

  • 5 activism filings

Pressure Watch

16/100

Issuers facing activism, governance, or control pressure

  • 5 activism filings
  • Latest activism 7.1y ago; heavily discounted

Distress Watch

30/100

Issuers showing financial-distress filing patterns

  • 5 activism filings

Restatement Risk

46/100

Issuers with accounting-integrity flags from filings

  • 2 non-reliance 8-Ks
  • 2 auditor changes
  • 5 NT late filings
  • Latest event 3.4y ago; discounted

Capital Velocity

Dominant
62/100

Issuers with the highest filing-activity intensity

  • 76 8-Ks
  • 5 form types

Quiet Power

0/100

Large issuers with low signal volume and clean disclosure cadence

  • Enterprise value $790M
  • 10-Q 123d ago
  • 3 active signals
§ II·SE-Cluster Issuer Brief

Capital cadence.

Ten-year disclosed M&A activity. Bars show spend ($MM); ticks show recorded transaction count. Disclosure tier annotated where v6 audited corpus carries an entry.

16
17
18
19
20
21
22
23
24
25

Disclosed spend $MM Disclosed transactions (right axis)Peak spend year: $31M · Peak count: 5

FYDisclosed buysDisclosed spendAvg ticketAudited tier
2025N/AN/AN/AN/A
2024N/AN/AN/AN/A
20231N/AN/AN/A
20225$31M$6MN/A
2021N/A$12MN/AN/A
2020N/AN/AN/AN/A
§ III·SE-Cluster Issuer Brief

Strategy posture.

The buyer's playbook in terms of strategic archetype: what each disclosed move says about how they're deploying capital.

Archetype mix

  • Geographic Expansion
    50%
  • Bolt On
    50%

Strategy keywords

Terms recurring across recent 10-K acquisition disclosures.

  • geographic_expansion
  • bolt_on
§ IV·SE-Cluster Issuer Brief

Filing language.

Direct excerpts from acquisition disclosures and strategy sections: the verbs the buyer chose, in the filings they signed.

In September 2021, the Company acquired assets from Hi-Tech Concrete Pumping Services (“Hi-Tech”) for the total purchase consideration of $12.3 million.

10-KFY2021

The Capital acquisition provided us with complementary assets and operations and significantly expanded our footprint and business in Texas.

10-KFY2019

In May 2019, we acquired Capital Pumping LP and its affiliates (“Capital”), a concrete pumping provider based in Texas.

10-KFY2019

This acquisition added complementary assets in our Texas market.

10-KFY2021

expanded our operations in the Carolinas and Florida

10-KFY2022
§ V·SE-Cluster Issuer Brief

Market context.

Where this issuer sits inside its SE-Cluster rollup wedge, with disclosed-spend rank plus trading comparables against the public peer set.

Primary market

E&C

Market spend (2023–2025)
$50.9B
Market spend (2020–2022)
$33.3B
Recent vs prior
+53%
Issuer rank in market
N/A
Share of market capital
0.0%

Valuation positioning

8.2×EV / EBITDA

BBCP trades at a -12.4-turn discount to the E&C peer median of 20.6×.

EV / Revenue
2.0×
Net debt / EBITDA
3.8×
Peer median EV / EBITDA
20.6×

Trading comparables

FMP market data · 2026-05-10

CompanyEV / EBITDAEV / RevNet debt / EBITDARevenueM&A 2023–2025
46.8×3.8×2.0×$30B$5.4B
25.1×4.9×-0.3×$21.6B$1.2B
20.6×1.1×0.2×$9.8B$6B
19.2×1.3×3.0×$13.2B$32M
Concrete Pumping Holdings, Inc.BBCP
8.2×2.0×3.8×$397MN/A
8.1×5.5×-0.4×$1.2B$598M

Trading multiples from FMP market data; disclosed M&A spend from the SE-Cluster EDGAR 10-K corpus. Peer set = top disclosed buyers in E&C. Bars scaled to the highest EV/EBITDA in the set.

§ VI·SE-Cluster Issuer Brief

Buyer landscape.

Public buyers whose stated archetypes, target categories, and recent cadence align with this issuer as a plausible acquisition target. Scores cross EDGAR signal and disclosure overlap.

Likely buyers

No public buyers surface as a strong target-side fit on current signal.

Likely sellers / divestiture partners

No reciprocal divestiture / strategic-alternatives matches identified.

§ VII·SE-Cluster Issuer Brief

Filing activity & signal stream.

Filing cadence and event-driven signals visible on EDGAR. The signal stream below is curated from restatement / spin-carve / activism categories, providing context for any near-term call.

Filing cadence

  • 10-K (annual)92026-01-13
  • 10-Q (quarterly)282026-03-10
  • 8-K (event)762026-04-15
  • Proxy / DEF 14A182026-02-25
  • Activism (13D / DFAN / PREC)52019-05-24

Signals on file

  • critical

    Non-reliance disclosure

    2022-12-13

    2 Item 4.02 filings on file; financial-statement non-reliance.

  • elevated

    Auditor change

    2023-02-28

    2 Item 4.01 filings on file; certifying accountant change.

  • watch

    Late-filing notice

    2023-01-17

    5 NT 10-K/10-Q filings on file.

  • elevated

    Activism on file

    2019-05-24

    5 activist filings on file (13D, DFAN14A, PREC14A series).

  • info

    Signal

    Serial acquisition history

  • info

    Signal

    10-K strategy themes

  • info

    Signal

    Restatement risk

§ VIII·SE-Cluster Issuer Brief

Audited corpus.

No audited record on file for this CIK in the current v6 corpus.

This issuer has not been extracted into the v6 audited acquirer corpus yet. The brief above pulls from ranking-level aggregates and issuer-index signal only.

Concrete Pumping Holdings, Inc.: Issuer Brief | SE-Cluster