Nashville-based Alley-Cassetty Companies Inc., one of largest independent and family owned masonry distributors, has entered a purchase agreement to acquire the block, brick and stone assets of LoJac Materials, Inc., serving the middle Tennessee market from three locations. Projected to close this month, the transaction will expand Alley-Cassetty’s reach from 11 to 14 locations in the Southeast.
|LoJac stepped up post-recession hardscape promotion at Lebanon headquarters.|
“Along with well-cultivated customer relationships, LoJac Materials delivers a proven track record of quality masonry products and services as well as distribution channels that are complementary to Alley-Cassetty,” says CEO Sam Strang. “The acquisition also allows Alley-Cassetty to increase our Southeast footprint with additional locations in middle Tennessee, and we are thrilled to bring this outstanding company under our umbrella.”
“This transaction is a natural progression of the Blockworks joint venture that Alley-Cassetty and LoJac entered into three years ago,” notes LoJac Holdings Corporation Inc. CEO J.D. Lowery. “It combines the retail and delivery side of both block and brick for greater efficiencies and customer service.”
Alley-Cassetty is acquiring LoJac’s concrete block operations in Lebanon and in Dickson, as well as a yard in Cookeville. Combined with its existing facilities in Gallatin and Murfreesboro, Tenn., the expanded footprint will boost production efficiency and raise annual capacity to more than 12 million block.
“It’s important that we identify ways to improve efficiencies in manufacturing and distribution to meet the increased demand in the marketplace,” adds Strang. “This deal not only does that, but also enhances our mission of delivering high-quality products and services to our customers.”
Alley-Cassetty traces to 1879, evolving from a small retail coal business into a building materials distributor and fleet operator ranking among Nashville’s largest 100 private employers. Alley-Cassetty Brick operates brick, block and stone retail locations in Nashville, Berry Hill, Murfreesboro, Columbia, Gallatin and Clarksville, Tenn.; Bowling Green, Ky.; and, Atlanta. Alley-Cassetty Trucking and Alley-Cassetty Truck Center manage the logistical needs of the masonry and building materials operations, and are engaged in power unit equipment sales, services and parts business throughout the region.