St. Louis-based aggregates and concrete producer BMC Enterprises Inc. has acquired Stewart Concrete Products headquartered in Halfway, Mo., and created a strategic partnership with Stewart-Morrison Redi-Mix Inc. based in West Plains, Mo., bringing the company’s recent acquisitions to five in the last 13 months.
Stewart Concrete Products and Stewart-Morrison Redi-Mix Inc. will operate as new portfolio companies under BMC. Acquired assets from both transactions include five concrete products locations, eight ready-mix concrete plants, and two sand and gravel mines throughout southwest Missouri and central Arkansas. Terms are not disclosed.
“These acquisitions further reinforce BMC’s reputation as a super-regional, vertically integrated construction materials company,” said Nathan McKean, CEO of BMC Enterprises Inc. “We’re pleased to welcome the employees of Stewart Concrete Products and Stewart-Morrison Redi-Mix, and are excited to serve several new communities.”
These transactions follow three other acquisitions throughout southern and eastern Missouri within the last 13 months, including Payne Ready Mix Concrete in Dudley and Poplar Bluff, Tri-County Concrete in Van Buren, and Spencer Ready Mix Concrete in Poplar Bluff. During this time, BMC also acquired more than 100 acres of real estate in eastern Missouri, dramatically increasing its aggregate reserves for its mining operation in Old Monroe.
Founded in 1925, BMC began as F.E. Breckenridge Material Co. Under McKean’s leadership, BMC has grown seven-fold since he assumed control of the company in 2004. Recognizing BMC’s need to expand its geographic footprint and vertically integrate, McKean and his team have implemented a long-term sustainable growth strategy through 27 acquisitions in three states over the last 17 years, including five during the COVID-19 pandemic.
“By continuing to bolster our presence throughout the region, we’re demonstrating our commitment to providing high-quality ready-mix concrete, construction materials and logistical advantages to customers from Hannibal to Cape Girardeau, and west to Springfield and beyond,” McKean said.