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JD Fields & Company acquires piling division of L.B. Foster Company

JD Fields & Company, Inc. – a subsidiary of the Fields Companies – announced its acquisition of the piling division of Pittsburgh, Pa.-based L.B. Foster Company (Foster) in a transaction valued at US$24 million.

The deal to purchase a portion of one of the oldest steel piling distributors in the U.S., significantly increases the capacity and production of JD Fields & Co. as a steel piling manufacturer, fabricator and distributor for deep foundation and geostructural products. The acquisition provides JD Fields with the majority of Foster’s current piling inventory and customer backlog, significantly expanding the 36-year-old company’s reach and market share.

The purchase also transfers Foster’s steel yard in Northern California to JD Fields as well as its yard adjacent to the Gerdau Steel Mill campus in Petersburg, Va., that produces wide flange beams, H-piling and PZC sheet piling, along with H-piling and flat sheets at its mill in Midlothian, Texas. The agreement will allow the Houston-based company to offer a wide variety of Gerdau steel products for the domestic piling market, making JD Fields a preferred Gerdau distributor of PZC and PS sheet piling in the U.S. As part of the transaction, Foster entered a non-compete agreement, which precludes marketing, selling and distributing steel piling for heavy civil and marine applications in the U.S. and its territories, Canada, Mexico, Central America, and the Caribbean for a period of five years.

“This is a major step towards achieving our goal of becoming the top-rated domestic steel piling distributor and manufacturer in North America,” said Jay Fields, chief operating officer of JD Fields & Company and chief executive officer at the Fields Companies. “The Foster piling acquisition will exponentially increase our market share and product offerings just as the country embarks on the massive undertaking of rebuilding our civil and maritime infrastructure. JD Fields is perfectly positioned to service the untold number of projects that will soon need a reliable supply of homegrown steel piling products.”

The move also complements the addition of the Fields Companies’ new subsidiary JDF-HDM Spiralweld – a state-of-the-art mill currently rising in east Houston that will manufacture tubular products for transportation, utility, marine and infrastructure foundation projects and related specialty structural steel products. Combined, the transactions will give JD Fields the ability to streamline the production and distribution of American-made steel piling products that can efficiently serve domestic civil projects as the U.S. reinvests in its aging infrastructure.

The announcement of the Foster piling division purchase marks a homecoming of sorts for JD Fields & Company founder Jerry Fields, who spent 17 years rising through the ranks to become president of the pipe division at the storied firm before leaving with three other Foster executives to start his own steel supply company in 1985. Since that time, JD Fields has grown into a leading international supplier and distributor of API line pipe for oil and gas applications and piling systems for heavy civil, port/marine projects.

“It feels a little bit like déjà vu,” said the elder Fields. “Jay is taking a division we’ve had since we first incorporated JD Fields and building it up into a major pile and equipment business. It thrills me to witness the evolution and diversification of the company under Jay’s leadership, and I couldn’t be prouder of him and of all the dedicated employees at JD Fields.”

The deal comes at a time of tremendous growth for the Fields Companies, which acquired Alameda Pipe & Fab in 2020, before launching JDF-HDM Spiralweld and JDF Equipment, as well as Bear Dean Capital, LLC – an investment company focused on real estate, hospitality and production – and Foxgate Capital, a real estate private equity fund.

 

Junttan brings new line of XCMG rotary drilling rigs to U.S.

Junttan USA, Inc., a subsidiary of Junttan Oy, has signed a dealer agreement to represent XCMG foundation drilling rigs in the U.S. These rigs, custom-built by XCMG for Junttan, will be backed by a full line of drilling tools, temporary casings, shoes, drive adapters and teeth.

Junttan USA general manager Miika Eskelinen said, “Junttan and XCMG will work closely to help strengthen both of our product lines in the future. Both companies share the same values of quality, trust and partnership with our valued customers. It is with great pride that we see our U.S.-based company strengthening its products.”

Not only is XCMG one of the largest construction equipment manufacturers in the world, but it also has 20 years of experience manufacturing foundation equipment. This new partnership will expand Junttan’s product line from primarily pile driving equipment into foundation drilling equipment.

Junttan USA’s vice president sales and operations Tim Dutton, who has previous experience with foundation drilling equipment, will be instrumental in guiding this expansion. He said, “This partnership will allow Junttan to expand its already extensive line of piling rigs and bring new options to our customer base. We are proud to be partnered with an organization like XCMG.”

Junttan recognized an increase in drilled shafts in the North American foundation market and wanted to expand beyond its traditional line of piling rigs and hammers to meet the changing needs of its contractor customers. The new line of XCMG drilling rigs allows the company to provide equipment and tooling for both driven and drilled pile foundations. These rigs are designed for Kelly drilling, continuous flight auger (CFA), full displacement piles, single column mixing, cased CFA and low headroom applications. Junttan USA also expects to expand its technology to perform cutter soil mixing for diaphragm wall applications.

The XCMG line of drilling rigs has a large range of operating weights from 45 to 200 tons and torque values between 130 and 800 kilonewton-metres. All are outfitted with Cummins engines and will be Tier 4 or greater to comply with emission standards in the U.S. Junttan USA has access to the Cummins InSite software for troubleshooting and diagnostics. This allows all engine service to be performed by Junttan technicians with no outside support from a Cummins dealer. All new products will be backed by a one-year/2,000-hour warranty and handled directly through Junttan USA.

Junttan USA will provide service and stock a comprehensive inventory of parts for the XCMG product line at its Delaware and Florida locations. XCMG has also committed to stocking parts at its locations in Nevada, Texas, and Minnesota.

“The signing of this agreement between XCMG and Junttan USA is a mutual relationship that is built on respect and communication,” said Kong Qinghua, president of XCMG Foundation Construction Machinery Co., Ltd. “We see a great opportunity to provide drilling equipment in the United States and are very happy with our new partner Junttan USA.”

 

 

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Piling Canada is the premier national voice for the Canadian deep foundation construction industry. Each issue is dedicated to providing readers with current and informative editorial, including project updates, company profiles, technological advancements, safety news, environmental information, HR advice, pertinent legal issues and more.