CSR Knox-Rivers has been sold to Reeves Construction Company of Americus, Ga., a division of Colas, one of the biggest road building companies in the world.
The sale included Knox-Rivers' three area asphalt plants in Camak, Appling and Grovetown, Ga. and Aiken, S.C. The company, which employs 150, is headquartered in Thomson, Ga.
The sale, which was finalized May 17 for an undisclosed amount, changes the name of the company to Knox-Rivers Construction, a division of Reeves Construction.
"We're part of a French company Colas, and they are one of the top three asphalt producers in the United States," said Stephen Summers, Reeves area manager. "They are looking to buy companies in growing states such as Georgia."
Colas owns Sloan Construction in Greenville, S.C., and through Reeves has offices and plants in Americus, Dublin, Macon, Albany, Statesboro, Millen and Jesup.
"With the purchase of Knox-Rivers, everything kind of fits together," Mr. Summers said. "Colas is in the acquisition phase and wants to buy local companies. That's why they wanted to keep the Knox-Rivers name."
Mr. Summers said no personnel changes are expected, though the company may add employees as it expands operations in this area.
Knox-Rivers was founded by Wyck Knox Jr. in the 1940s. James Rivers, an employee, became a partner in the 1960s. Knox-Rivers' three plants produce up to 450,000 tons of asphalt per year, enough to fill 23,500 tandem dump trucks, Mr. Summers said.
"We are best known for the chaos on Bobby Jones, from I-20 to the Gordon Highway," said Jimmy McDaniel Sr., general manager, who's been with Knox-Rivers for almost 30 years. "We've done an awful lot of work throughout the years in Augusta and Richmond County. The sale should give us the ability to expand."