Holcim US strengthened its position in Colorado with its third acquisition in recent months in the rapidly growing state. The company announced the acquisition of Tezak Heavy Equipment, a family-held aggregates producer and specialty civil construction business with deep roots in the Colorado Springs market.
The acquisition is highly complementary to Holcim’s position in the rapidly growing Colorado Springs market, bringing significant synergies with the building solution leader’s existing footprint, the company stated.
“With Colorado among the leaders in U.S. population and GDP growth, Holcim understands how important construction in the region is and will become,” said Toufic Tabbara, region head, North America at Holcim US. “Partnering with companies like Tezak, a trusted regional aggregates and construction provider, we are able to build on our growth of the Colorado Springs market.”
The transaction includes all civil construction, trucking and maintenance operations, as well as four quarries near Colorado Springs which will provide decades of reserves in a growing market. The purchase of Tezak’s quarries compliments Holcim’s recent aggregate operations acquisitions in December 2022 and January 2023.