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Betting Big on Heavy Construction

July 25, 2011 By Carl Doerksen

It was recently announced that Summit Materials had acquired six companies:

  • Elam Construction
  • Grand Junction Concrete Pipe
  • Fischer Quarries
  • B&B Resources
  • Triple C Concrete
  • Wind River Materials

It always peaks my curiosity when I see a company announce this many acquisitions. So I did a little digging. Turns out that Summit Materials is a “platform company” and was formed by a group of investors, including The Blackstone Group and Silverhawk Capital Partners, in 2009. The goal of the platform company is to acquire companies in the “aggregates and heavy-side building materials sector,” according to Summit’s release.

[Read more…]

Filed Under: In the News, M&A Tagged With: acquisitions, middle-market businesses, platform company, Summit Materials

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