Sources: Summit Materials Inc., Denver; CP staff
Summit Materials has acquired Sierra Ready Mix, LLC, which serves the Las Vegas market from one sand & gravel pit and two concrete plants. The deal brings the suitor’s largest integrated materials and road-building business, Kilgore Companies, into a fourth state, Nevada, alongside Utah, Idaho and Wyoming.
“[The] vertically integrated operations are a good fit within our Utah-based Kilgore platform and a very sound entry into Las Vegas, the next large market south of the Wasatch Front,” says Summit Materials CEO Tom Hill. “Sierra has a solid position in a sizeable market at an attractive point in the recovery cycle.” The existing management team will remain in place to continue to grow and develop the business, he adds.