Troy Forming is a multi-trade contractor, providing excavation, foundation, and water/sewer lateral installation services for production home builders and custom home builders in the Denver Metro and surrounding areas. The business, founded in 1991, has three core divisions:
- Earthmoving and Excavation: providing excavation, dirt hauling and backfilling services
- Main Line Piping: providing sewer and water main lines, as well as backflow unit installation
- Concrete Forming: providing concrete foundation forming, caissons, and pre-cast concrete products
Troy Forming Concrete delivers this suite of services in an integrated package for production home builders and major developers, providing a one-stop-shop for all the front-end services in the home building process, saving material time and costs for our developer customers.
Read Our Acquisition Story
In 2018, Noverra received an inquiry from a business intermediary representing Troy Lynn, the seasoned Founder and Owner of Troy Forming Concrete (“TFC”), headquartered in Colorado. With over three decades of experience steering TFC through the complexities of the construction industry, Troy sought a gradual transition period and the financial security that selling his business would afford him.
Noverra found TFC’s substantial size, strategic location, and reputation for delivering specialized services in the construction and industrial sectors highly appealing. Throughout the negotiation phase, the Noverra team collaborated closely with Troy to devise a deal structure that met his desire for a phased transition. The finalized arrangement included a profit-sharing component, allowing Troy to stay connected to TFC’s future successes while ensuring financial stability during the leadership transition, a process he had struggled to initiate independently.
The deal was successfully completed in the summer of 2018, marking a significant milestone for TFC.
Company Overview
Industry: Main Line Piping; Concrete Forming; Earthmoving and Excavation
Location: Greater Denver, Colorado, USA
Leadership: Rick Lambert