Summit to acquire Colorado, Arkansas aggregate producers

By |  January 6, 2017

summit-materials-logoSummit Materials Inc. is set to acquire Colorado-based Everist Materials LLC and Arkansas-based Razorback Concrete Co.

The transactions are expected to close on or before Feb. 28.

According to Summit, the materials-based acquisitions of Everist and Razorback collectively bring aggregate operations with more than 100 million tons of permitted reserves in Colorado and Arkansas to the company. The acquisition also adds a network of ready-mix concrete and asphalt plants to Summit’s portfolio.

“The pending acquisitions of Everist and Razorback enable Summit to expand its integrated, materials-based model in growing markets throughout west-central Colorado and Arkansas,” says Tom Hill, CEO of Summit. “Both companies bring proven operations, high-caliber assets and long-established customer relationships that provide an ideal entry point into early-cycle markets where we see long-term potential for profitable growth.”

The acquisition of Everist will expand Summit’s existing operations to include markets bordering Denver, where a number of transportation infrastructure projects are taking place, Hill adds. In addition, he says the Razorback acquisition is consistent with Summit’s long-term strategy to develop materials-based positions along the Mississippi River.

Summit Materials is a vertically integrated materials-based company that supplies aggregate, cement, ready-mixed concrete and asphalt in the United States and British Columbia, Canada.

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About the Author:

Allison Kral is the former senior digital media manager for North Coast Media (NCM). She completed her undergraduate degree at Ohio University where she received a Bachelor of Science in magazine journalism from the E.W. Scripps School of Journalism. She works across a number of digital platforms, which include creating e-newsletters, writing articles and posting across social media sites. She also creates content for NCM's Portable Plants magazine, GPS World magazine and Geospatial Solutions. Her understanding of the ever-changing digital media world allows her to quickly grasp what a target audience desires and create content that is appealing and relevant for any client across any platform.

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