ACG Materials, a producer of industrial minerals and aggregates, has acquired Kitsap Reclamation and Materials Inc.
Founded in 1993, Kitsap offers aggregate products for infrastructure, building products and landscaping materials. Kitsap operates a basalt quarry in Bremerton, Wash., and ships its products throughout the fast-growing Seattle metropolitan area.
“We are excited to further strengthen our position as a leading industrial mineral and aggregate producer in the Pacific Northwest,” said Paul Harrington, chief executive officer of ACG. “Kitsap will expand its strategic footprint within the region and provide complementary products to serve our growing customer base in that area. We look forward to partnering with Kitsap’s strong employee base and building upon their reputation for unmatched product quality and customer service.”
AGC Materials is a portfolio company of investment firm H.I.G. Capital LLC. “We are pleased to support ACG in its acquisition of Kitsap,” said Keval Patel, a managing director of H.I.G. “The investment continues our successful track record of acquiring leading mining and processing operations in attractive, high-growth markets.”
Kitsap is the ninth add-on acquisition that ACG has made since H.I.G. acquired the company at the end of 2012.
ACG Materials, based in Norman, Okla., mines, mills, processes and distributes industrial minerals and aggregates including gypsum, anhydrite, limestone, sand,gravel, basalt and downstream food, pharmaceutical, prill and plaster products across a diverse set of end markets including building products, energy, infrastructure, agriculture, and others. The company operates out of 23 locations throughout Oklahoma, Texas, Florida, Kansas, Missouri, Nevada, Washington, and British Columbia, Canada.