Sources: U.S. Concrete, Inc.; CP staff
U.S. Concrete has arrived in one of the few major U.S. cities lacking a ready mixed producer from the industry’s upper ranks, acquiring the assets of Philadelphia’s Action Supply Co. A primary source of high-performance concrete for commercial and public works projects, the producer offers vertical integration potential with Corbett Aggregates Companies, a Quinton, N.J., sand producer U.S. Concrete acquired earlier this year.
“This acquisition continues our strategy of finding great businesses in new markets with future bolt-on and consolidation opportunities. The Philadelphia metro market is mature and stable, with many of the same attributes in our other successful markets,” says U.S. Concrete CEO William Sandbrook. “Action’s ability to meet demanding specifications in difficult operating environments fits [our] model.”
For 58 years, he adds, Action Supply has been known for service and innovation in concrete delivery. The Pennsylvania Department of Transportation-approved producer counts among its Philadelphia order log the Lincoln Financial Field, Citizens Bank Park, FMC Tower and South Street Bridge replacement projects.
U.S. Concrete lands key aggregates assets, upping the Vulcan ante for Polaris