StonePoint Materials LLC, Philadelphia, has acquired River Aggregates LLC. River operates two sand and gravel facilities serving Houston and Beaumont, Texas. River will complement StonePoint’s subsidiary Southern Aggregates, the largest sand and gravel producer in Louisiana, according to the company.
Founded in 2011, River has quickly grown to be one of the largest independent sand and gravel producers in the Houston market. Led by industry veterans Rob Van Til and Carl Davis, who will join the StonePoint team, River provides StonePoint an attractive new Texas platform. The leadership team brings to StonePoint more than 60 years of combined industry experience with senior management roles in Lehigh Hanson and Vulcan Materials.
“River provides an excellent starting point for StonePoint’s westward expansion into Texas,” said Colin Oerton, chief executive officer of StonePoint. “Having known Rob and Carl for many years, given their strong operational experience, customer and market knowledge we are excited to have them join our team as we continue growth.”
Rob Van Til remarked, “Based on customer service, employee satisfaction, industry reputation and the adjoining Southern Aggregates markets, we considered StonePoint to be a perfect fit for River Aggregates. Carl and I are excited to join StonePoint and look forward to pursuing further market opportunities in Texas.”