Quikrete Holdings Inc. has finalized its acquisition of Summit Materials for $52.50 per share in cash, for a total enterprise value of approximately $11.5 billion, including debt.
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BPGC Management Acquires PB Materials Holdings
A fund managed by BPGC Management LP announced that it has acquired a controlling, substantial majority stake in PB Materials Holdings Inc. (PBM), a leading producer of construction aggregates and ready-mix concrete in the Permian Basin region, from certain funds managed by WL Ross & Co. LLC.
Read MoreBeyond the Glitter
Building A Stronger Digital Base For Aggregates, Ready-Mix Concrete Logistics. By Justin Newell A well-executed digital transformation is built upon a strong foundation of existing IT infrastructure and business processes. In the world of aggregates and ready-mix concrete logistics, simply overlaying new technology without addressing underlying challenges can lead to costly inefficiencies and suboptimal results. This article delves into the…
Read MoreSummit Materials Grows Aggregates Revenues in Third Quarter
Summit Materials Inc. announced results for the third quarter ended Sept. 28, reporting that net revenue increased $369.9 million, or 49.9%, in the third quarter to $1,111.8 million. In the quarter, $403.4 million of net revenue was due to acquisitions, primarily the Argos USA transaction. Divestitures decreased net revenue by $43.6 million in the period. All lines of business experienced organic…
Read MoreChaney Announces Plans to Spearhead New Boys & Girls Club
Chaney Cares, the philanthropic arm of Chaney Enterprises, announced plans to spearhead a brand-new Boys & Girls Club in Lothian, Md. This project is made possible through a partnership with the Boys & Girls Clubs of Annapolis & Anne Arundel County (BGCAA) and is set to bring a safe and inspiring space to young people in South County. The new…
Read MoreSummit’s Argos Acquisition Powers Strong First Quarter
Summit Materials, Inc. announced results for the first quarter ended March 30. Net revenue increased $366.0 million, or 89.9% in the first quarter to $773.2 million, including the partial quarter impact of the Argos USA assets. In the quarter, $378.5 million of revenue was recognized from recent acquisitions which more than offset a decrease of $21.7 million in net revenue…
Read MoreHolcim Touts First-Quarter North American Market Expansion
Holcim is reporting first-quarter 2024 net sales of CHF $5.586 billion, a 2.4% decline from CHF$5,725 in 2023. North America delivered margin expansion with a 3.9% increase in local currency recurring EBIT driven by strong underlying market demand. While the first quarter was impacted by fewer shipping days and adverse weather conditions, strong performance is expected to continue in 2024.…
Read MoreAwash in Success
EIW Sand Plants Have Served Silvi Materials Well Over The Past 25 Years. By Mark S. Kuhar Silvi Materials is a construction-materials supplier with 25 different locations across Pennsylvania and New Jersey. The family-owned business was founded in 1947 by Laurence Silvi to help companies, contractors and homeowners build a better future. Today, with sons John Silvi and Laurence Silvi…
Read MoreSRM Acquires R.W. Sidley, Elyria Concrete
SRM Concrete has acquired the assets of R.W. Sidley Inc. a ready-mix concrete supplier based out of Painesville, Ohio. This acquisition includes 11 ready-mix plants, one block plant and two aggregate docks. CEO Jeff Hollingshead stated, “We are excited to bring the Sidley team onboard here at SRM Concrete. We look forward to strengthening our customer service capabilities in the…
Read MoreSRM Acquires Vulcan Ready Mix Assets
SRM Concrete announced the strategic acquisition of Vulcan Materials Co.’s ready-mix assets in Texas. This significant expansion includes 82 ready-mix plants and 11 volumetric locations across the state. CEO Jeff Hollingshead stated, “We’re excited about welcoming more than 1,100 new team members to our SRM family. We will be gaining nearly 100 new locations and a significant amount of equipment,…
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