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President’s Message
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November 2011
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Brundage-Bone Concrete Pumping Exits Bankruptcy! |
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On October 31, 2011 Brundage-Bone Concrete Pumping completed all of the necessary steps as outlined in the Plan of Reorganization to exit the Chapter 11 restructuring process set forth in the United States Bankruptcy Court in the District of Colorado presided by the Honorable Judge A. Bruce Campbell. This has been a long, complicated process and was made possible because of the commitment of our TEAM, loyalty of our CUSTOMERS and support of our VENDORS. We appreciate the cooperative efforts of our equipment lenders and expertise of our professional advisors through this critical period. The restructuring of our business positions us to withstand the economic challenges we are facing in our national footprint without sacrificing our service to our customers. It also provides us with opportunity for growth as market conditions improve. During this period of restructuring we have been successful in increasing our company standards. We have improved our service through education and commitment in safety, operations, maintenance and administration. Through this time of restructuring all BBCP TEAMMEMBERS were asked to perform at a much higher level. The strength, character growth and knowledge gained in this process will make us a much stronger company in the future. Prior to this letter we had a competition to determine what our motto will be as we exit the restructuring process. We had great responses from many within the company and selected from the list of hundreds of ideas two mottos “ONE TEAM ONE GOAL” and “DEDICATED, DEVOTED, DETERMINED”. The motto for our newly restructured business is “ONE TEAM ONE GOAL DEDICATED, DEVOTED and DETERMINED to provide the very best concrete placement service to our customers”. I appreciate all of you who have been instrumental in doing your part to secure future opportunity for all of us. Thank you for your effort and support, Bruce F. Young |