Whitaker Contracting has sold its business to Vulcan Materials Co., according to FMI Capital Advisors, which served as the exclusive financial advisor to Whitaker Contracting for the transaction.
Founded in 1957, Whitaker Contracting is an aggregates producer, asphalt producer, and asphalt paving and maintenance contractor based in Guntersville, Ala. The company offers products and services for projects that range from large department of transportation work to smaller private jobs.
The transaction includes four quarries, three asphalt plants and Whitaker’s contracting and pavement preservation business.
“FMI leveraged its deep knowledge in the construction materials space to secure a successful partnership with Vulcan,” said Lenn Morris, executive vice president of Whitaker Contracting. “Their role was pivotal in communicating the value of our business to potential buyers, and we couldn’t be more pleased with the outcome.”