Investment banker sees 2021 ushering fertile merger & acquisition conditions

Sources: FMI Capital Advisors, Raleigh, N.C.; CP staff Investment banking services provider FMI Capital Advisors analyzes key economic factors affecting cement, aggregate, concrete and asphalt producers last year as well as their implications for this year in “Capturing the Momentum: Construction Materials Review of 2020 and Outlook for M&A in 2021.”

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LafargeHolcim measures building enclosure prospects in Firestone deal

Sources: LafargeHolcim Ltd., Zurich; CP staff LafargeHolcim projects a second quarter closing on a $3.4 billion deal for Nashville-based Firestone Building Products (FBP), the largest acquisition in the company’s five-year history and one stretching well beyond its cement, aggregate and ready mixed concrete production competencies. With a full range of EPDM (ethylene propylene diene monomer), thermoplastic polyolefin, PVC, asphalt and…

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Ruckit deal delivers Command Alkon dump fleet management bandwidth

Sources: Command Alkon, Birmingham, Ala.; CP staff Command Alkon is closing out an eventful 2020—new ownership plus Trimble Construction Logistics and Libra Systems acquisitions—with a deal for Ruckit Inc., an Austin, Texas-based transportation logistics platform developer. The transaction combines what officials note are comprehensive construction materials toolset and Connex platform for heavy work with digital ticketing, invoice reconciliation, and third-party…

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Meridian Brick deal amplifies General Shale’s commanding role in masonry

Sources: General Shale, Johnson City, Tenn.; Weinerberger AG, Vienna; CP staff Clay and concrete unit giant General Shale has entered an agreement to acquire the top source of masonry solutions in North America, Atlanta-based Meridian Brick, for $250 million. Formed in 2016 as a successor to the merged Boral Brick and (post-Hanson Brick) Forterra Brick businesses, Meridian operates 20 plants…

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Knife River closes on the assets of Wyoming’s McMurry Ready-Mix

Sources: MDU Resources Group, Bismarck, N.D.; CP staff Knife River Corp. has expanded its Intermountain Region footprint by acquiring the assets of McMurry Ready-Mix Co., a concrete and aggregates supplier based in Casper, Wyo. A McMurry concrete plant on the city’s west side will serve as a satellite to a Knife River ready mixed site on the east side. With…

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Wells Concrete consolidates Midwest leadership in Spancrete deal

Sources: Wells Concrete, Albany, Minn.; CP staff Wells Concrete, the fifth largest precast, prestressed producer in the U.S., has acquired Waukesha, Wis.-based peer Spancrete. With more than 125 years of combined industry experience, principals note, the partnership aligns two companies dedicated to innovation.

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Global water treatment operator acquires Alar Engineering

Sources: Ovivo Inc., Montreal; CP staff Water and wastewater treatment equipment, technology and systems specialist Ovivo Inc. has closed on the Mokena, Ill.-based Alar Engineering Corp., Alar Chemical Sales Inc. and Alar Leasing Inc. businesses. They manufacture treatment and clarification systems for industrial applications, including concrete production process water and cement slurry; provide pre-treatment and filter aid chemical products; and,…

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Chaney digs deeper in Virginia with GreenRock Materials deal

Sources: Chaney Enterprises, Gambrills, Md.; CP staff Chaney Enterprises has acquired Richmond, Va.-based GreenRock Materials, spanning five ready mixed concrete plants in the state capital region, a three-plant portable production division, plus affiliated companies Mid-Atlantic Concrete Pumping, Stony Creek Sand & Gravel and NSL Transport.

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Command Alkon extends telematics solution with Trimble CL deal

Sources: Command Alkon, Birmingham, Ala.; CP staff Command Alkon has entered a definitive agreement to acquire the Trimble Construction Logistics business, whose technology equips ready mixed concrete and aggregates delivery managers to track, schedule and route their mixer and dump truck fleets. Trimble CL hardware and software afford automated real-time vehicle location and status, turn-by-turn navigation, monitoring and diagnostics, as…

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BMH Systems arrives in Astec portfolio, alongside Con-E-Co, Rexcon

Source: Astec Industries, Inc., Chattanooga, Tenn. 

Astec Industries has acquired Montreal-based BMH Systems, Inc., a concrete plant equipment manufacturer best known for the RollMaster reversing mixer drum. BMH product integration, Astec officials note, provides a comprehensive concrete plant offering in North America, enhances engineering expertise, creates cost synergy opportunities, and delivers a strong platform for Canadian market development.

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