Family businesses acquired in North Carolina

Blue Ridge Construction Capital acquired Matthews Sand & Gravel and Edge Aggregates, a pair of North Carolina-based construction materials-producing companies.

As part of the transaction, Blue Ridge Construction Capital combined Matthews Sand & Gravel and Edge Aggregates into Matthews-Edge Sand, a single entity that will serve the market in and around Raleigh, North Carolina, with construction aggregates.

Matthews Sand & Gravel, founded in 1963, was based in Smithfield, North Carolina. The company historically supplied asphalt sand and concrete sand to Raleigh.

Edge Aggregates was founded in 2021. Based in Battleboro, North Carolina, Blue Ridge Construction Capital says Edge Aggregates founder Anthony Minshew quickly established the company as a high-quality, reliable aggregate supplier to the Raleigh concrete market. 

“We are thrilled to partner with Anthony Minshew in creating one of the preeminent aggregate suppliers in the Carolinas,” says Case Rentch, managing partner and co-founder of Blue Ridge Construction Capital. “Both [Matthews Sand & Gravel] and Edge were family-owned businesses that individually were great companies, but together create a Raleigh market leader with uniquely attractive operating and financial attributes.”

Minshew, who will lead Matthews-Edge, also weighed in on the deal.

“These high-quality businesses are a perfect fit together, and our customers are thrilled with the added production and service capability,” he says.