Mergers and Acquisitions

Dec. 27, 2024 – It was a huge year for mergers and acquisitions in 2024. The biggest moves of the year came from Summit Materials, which completed its previously announced merger with Argos in January, then in November entered into a definitive agreement to be acquired by Quikcrete. Other large companies were active as well. Vulcan Materials acquired Wake Stone and six aggregates operations in California. Martin Marietta Materials acquired 20 active aggregates operations in Alabama, South Carolina, South Florida, Tennessee and Virginia from affiliates of Blue Water Industries, as well as Albert Frei & Sons Inc. in Colorado. CRH announced the acquisition of BoDean Company Inc. and Northgate Ready Mix LLC in Santa Rosa, Calif. Breedon Group plc announced the acquisition of BMC Enterprises Inc. Granite expanded its home market strategy into the Memphis Metropolitan and Northern Mississippi area by acquiring Lehman-Roberts Co. and Memphis Stone & Gravel Co. SRM Materials has acquired XIT Sand & Gravel in Channing, Texas. Heidelberg Materials has entered into a definitive purchase agreement to acquire Highway Materials Inc., one of the largest independent aggregates and asphalt producers in the Greater Philadelphia market. Holcim US has acquired King William Sand & Gravel Co. Inc., a private company with a long-standing presence in King William County, Va. Knife River acquired the assets of Frank B. Marks & Son in Northern California, Rock Products Manufacturing in Central Oregon and a sand reserve in Sioux Falls, S.D.. as well as Strata Corp. with locations in North Dakota and Minnesota. “These transactions in the construction materials space speaks to the continued trend of consolidation in our industry,” said Rock Products columnist  Pierre Villere, president and senior managing partner of Allen-Villere Partners, an investment banking firm with a national practice in the construction materials industry that specializes in mergers & acquisitions.