Summit Materials Inc. announced that it has acquired Sierra Ready Mix LLC, a vertically integrated aggregates and ready-mix concrete business located in Las Vegas. The acquisition provides Summit with premier, well-located assets in an expanding market, the company said.
Sierra is a well-established aggregates and ready-mix concrete supplier in the Las Vegas market with an excellent reputation for quality and service. It operates a sand & gravel pit and two ready-mix concrete facilities, and has a well-balanced exposure across all end-use segments.
Sierra’s management team is remaining in place to continue to grow and develop the business.
Tom Hill, CEO of Summit, stated, “Sierra’s vertically integrated operations are a good fit within our Utah-based Kilgore platform and a very sound entry into Las Vegas, the next large market south of the Wasatch Front in Utah. Sierra has a solid position in a sizeable market at an attractive point in the recovery cycle. We are pleased to welcome Sierra’s truly talented team to our rapidly growing company.”
Summit Materials has a strong track record of successful acquisitions since its founding and continues to pursue growth opportunities in new and existing markets, the company stated.