Investment bank B. Riley FBR assisted Industrea Acquisition in its successfully completed business combination with Concrete Pumping Holdings.

Through the transaction, Industrea will becomes a wholly-owned subsidiary of Concrete Pumping, a provider of concrete pumping services to commercial, infrastructure and residential end-markets in the U.S. and UK.

B. Riley FBR served as an advisor to Industrea and led a $96.9 million capital raise to finance the transaction.

The bank acted as the sole placement agent for the private investment public equity investments in September 2018 and previously acted as the sole underwriter in Industrea’s $230 million initial public offering in August 2017.

Ellenoff Grossman & Schole acted as legal counsel for B. Riley FBR.