Aggregates Industry Market Report

Aug. 15, 2023 – Capstone Partners’ Building Products & Construction Services Team has just shared its latest Aggregates Industry Market Report. Consolidation among aggregates producers has continued to drive merger and acquisition (M&A) activity to-date as sector players increasingly seek economies of scale, geographic expansion, and complementary product offerings. Several additional key takeaways are outlined below. 

  • Robust construction backlogs have provided healthy near-term visibility for sector players, fueling optimism in the space.
  • Leading public companies have recorded strong valuations through year-to-date (YTD) 2023, outpacing the prior year from an EBITDA multiple perspective.
  • Sector participants have capitalized on the favorable pricing environment, resulting in outsized returns in public equity markets.
  • Strategic buyers have continued to drive M&A volume as healthy construction demand has encouraged sector consolidation.
  • Private equity buyers have been increasingly selective in their acquisition pursuits, however, quality companies have maintained robust financial buyer interest.

Read the full report here.

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