Vulcan Materials Co. has acquired Napa, Calif.-based Syar Industries Inc. Syar is one of the largest independently owned construction materials producers of scale in northern California. The company offers construction aggregates, recycled materials, hot-mix asphalt and ready-mixed concrete.
For Syar, more than 70 years of achievement began in 1938 when C.M. “Tony” Syar started his construction business in California with his new contractor’s license and a 1932 International dump truck. Always looking to the future and working to provide the best for his customers, in the 1940s Tony began supplying ready mix concrete to the construction industry with plants in Vallejo and Fairfield in Solano County.
These plants provided high quality building materials for Mare Island Naval Shipyard, Travis Air Force Base and other critical military needs during the war years in addition to various commercial uses.
In the early 1950s Syar Industries added a major sand and gravel operation and ready mix plant in Madison, Yolo County, which provided much of the building material for Monticello Dam and Interstate Highway 80 and served a rapidly expanding construction industry market. During the next two decades, Syar Industries continued to add aggregate production facilities, including the Lake Herman Quarry near Vallejo, to serve its growing base of satisfied customers.
Syar’s largest commitment to growth came in March 1986, when the company acquired the assets and property of Basalt Rock Co., a division of Dillingham Heavy Construction, Inc. With the addition of the Napa quarry and barge loading facility and a major sand and gravel operation in Healdsburg, Syar’s service area expanded overnight within Napa and Sonoma counties. This acquisition established the company as one of the largest aggregate producers in Northern California.
In more recent years, Syar has continued its growth through the acquisition of the Sacramento area locations for Syar Concrete LLC, a subsidiary of Syar Industries Inc., that substantially increased the market for Syar’s readymix operations.
FMI Capital Advisors served as the financial advisor to Syar for this transaction. “Working with the team at FMI Capital Advisors, we were able to find the best strategic fit and obtain a fair valuation during the sale process,” said Jim Syar, president of Syar Industries. “We were pleased with the attention to detail and client service, and we’re excited to see the integration of Syar and Vulcan.”