Merger Mania

Mark Kuhar, Editor

Last month I noted the significance of Breedon’s foray into the North American aggregates market with its acquisition of BMC Enterprises. You can read my interview with Breedon executive Andy Arnold in this issue for a little inside information on that deal.

But mergers and acquisitions activity in the aggregates industry is far from over. Here are some recent deals.

Martin Marietta Materials Inc. completed its previously announced acquisition of 20 active aggregates operations in Alabama, South Carolina, South Florida, Tennessee and Virginia from affiliates of Blue Water Industries LLC.

SRM Materials acquired XIT Sand & Gravel in Channing, Texas, from Summit Materials, its latest effort to supply quality aggregate to the Texas panhandle.

CRH announced the acquisition of BoDean Company Inc. and Northgate Ready Mix LLC in Santa Rosa, Calif. These acquisitions represent the first entry by CRH’s Materials Solutions business into the state of California and enhance CRH’s ability to provide integrated solutions to customers in the attractive northern California market.

Chaney Enterprises announced its new partnership with Chandler Concrete Co. Inc. Founded in 1974 by Tom Chandler, Chandler Concrete is a family-owned and operated ready-mix, block masonry and hardscapes leader operating in North Carolina, Virginia, West Virginia and eastern Tennessee.

Covia has signed an agreement to acquire R.W. Sidley’s silica sand mining operation in Thompson, Ohio, effective in early 2024. Bringing the Thompson facility and reserves into the Covia network provides customers of both companies with enhanced capacity, a broader range of products and services, and long-term availability of supply. 

Up north in Canada, Source Energy Services Ltd. acquired RWR Trucking Inc.’s sand trucking assets for a combination of cash, vendor take back note and assumed lease obligations.

Moving forward we are going to see more of these deals, small and large, as aggregates producers continue to lock up reserves and position themselves for future success in key markets.

From what I am hearing, some surprises might be in store as the year moves forward. Hold onto your hat.

Mark S. Kuhar, editor
[email protected]
(330) 722‐4081
Twitter: @editormarkkuhar

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