Houston-based U.S. Concrete Inc. closed last month on Breckenridge Ready-Mix Inc. for $3 million in cash. The deal includes two concrete plants, a limestone
CP Staff
Houston-based U.S. Concrete Inc. closed last month on Breckenridge Ready-Mix Inc. for $3 million in cash. The deal includes two concrete plants, a limestone quarry and sand pit in west Texas, with combined 2005 revenues of about $3.6 million. The properties will join the operations of Brownwood, Texas-based Ingram Enterprises, which U.S. Concrete acquired earlier this year as part of its Alberta Investments (Ingram, Redi-Mix L.P. of Carrollton, Alliance Haulers) buyout.
Breckenridge adds slightly to a significant Texas platform U.S. Concrete has created with the Alberta transaction and a late-2005 deal for a Dallas-Ft. Worth operator, Go-Crete/South Loop Development. The Texas investments have seen the company boost annual ready mixed volume by more than 30 percent – toward a projected 9 million yd. for 2006.