Ben Brock, former president and CEO of Astec Industries, has acquired substantially all of the assets of JBK Enterprises. Brock is now the president and CEO of the company, which has been renamed BROCK following the acquisition. FourBridges Capital Advisors acted as exclusive financial advisor to Brock, while Baker Donelson provided legal counsel for the deal.
Previously owned by Lori Stafford, JBK was founded in 1990 as a manufacturer and after-market parts supplier for asphalt plant owners. JBK’s office and manufacturing facility are located in Georgetown, Tennessee.
Brock served in various roles with Astec from 1993 until 2019, when he left the company after serving as president and CEO for over five years. “I’m very excited to be back in the asphalt industry with this acquisition. I’m also excited about our team —successful industry veterans who have all worked together over the years,” Brock said.