The latest on the Summit Materials acquisition front

By |  October 30, 2017

Summit Materials provided details of some of its latest acquisitions upon releasing its third-quarter report.

According to Summit, four of its 14 transactions in 2017 have closed since August. The company’s total investment spend across the 14 acquisitions was about $402 million, including about $94 million for the four acquisitions completed since August.

Some details on companies Summit recently acquired:

Alan Ritchey Materials. Alan Ritchey Materials, a south Oklahoma-northeast Texas company, is an aggregate bolt-on acquisition to Summit’s existing business in the northeast Texas market. This acquisition complements Summit’s existing footprint in the region and provides increased exposure to the fast-growing north Dallas market, which is Alan Ritchey’s primary shipping destination. Summit closed on this acquisition in August.

Georgia Stone Products/McLanahan. Georgia Stone Products is an aggregate bolt-on acquisition comprised of two quarries in northeast Georgia. This transaction represents an expansion westward into Georgia from Summit’s existing position in the Carolinas. Summit closed on this acquisition over August and September.

Columbia Silica. Columbia Silica is an aggregate bolt-on acquisition in central South Carolina. This acquisition is a complementary fit with the recent Glasscock acquisition, also in South Carolina (acquired May 2017), bringing additional scale to Summit’s growing footprint in the region. Summit closed on its acquisition of Columbia Silica in September.

Stockman Quarry. Stockman is an aggregate bolt-on acquisition to the company’s existing position in central Missouri. This transaction brings new market expansion to Summit’s existing Missouri business. Summit closed on its acquisition of Stockman in October.

Comments are closed