Evercast, a leading specialty precast and prestressed concrete producer in the Mid-Atlantic and Southeast, has acquired Precast Supply Co. of Concord, N.C. The transaction complements the suitor’s existing product offerings; adds to its portfolio of concrete production brands, all primarily geared to drainage, transportation and utility markets; and, better positions the business “to ensure projects are completed on time, with the best possible materials, bringing quality and attention to detail that differentiates it from its competitors.”
“Precast Supply Company’s dedication to producing quality products along with their people-first approach to business are great additions to our family,” says Evercast CEO Jeff Chastain. “Together we will be a stronger organization, focused on becoming our customers’ strategic partner of choice.”
“This is a natural next step for our business. We can leverage the strengths and locations of all Evercast companies to improve our customer experience. This partnership will enable us to reach our goal of providing the best customer service and product value in the industry,” adds Precast Supply’s former owner Mark Howard, who will continue to lead the business and join an Evercast senior leadership team focused on expanding in key growth markets. Precast Supply will operate alongside Evercast sister businesses: Eastern Vault in Princeton, W.V.; Dellinger Precast in Denver, N.C.; and, Seminole Precast Manufacturing in Debary, Fla.
Holcim Participations (US) Inc. has completed the acquisition of Firestone Building Products earlier than projected, positioning Swiss parent LafargeHolcim Ltd. to target a new and expansive building market segment. The Nashville-based manufacturer is a key player in commercial roofing and building envelope solutions in the United States, with 2020 sales approaching $2 billion, and has 15 production facilities, 1,800 distribution points plus three research & development laboratories.
“Firestone Building Products makes us a partner of choice from rooftop to foundation,” says LafargeHolcim CEO Jan Jenisch. “This truly is a milestone for LafargeHolcim as we become the global leader in innovative and sustainable building solutions.” Along with the 1,900-member Firestone Building Products team, he adds, “We will lead this iconic company’s next era of growth in flat roofing systems. As we expand its leadership in the U.S. to Europe and Latin America, I want the world to know that ‘Nobody Covers You Better’ than Firestone.”
“We are in a prime position to accelerate growth by combining [our] advanced technologies and know-how with LafargeHolcim’s global scale and reach,” affirms Firestone Building Products President Taylor Cole.
Sunrock Canada Construction Materials has acquired Fenelon Ready-Mix in Fenelon Falls, Kawartha Lakes, Ontario. Operated under the McConnell family since 1962, the Fenlon R-M business builds upon the 2020 acquisition of a Kwartha Lakes quarry and Spartan Ready-Mix in Uxbridge, Ontario. North Carolina-based Sunrock Group arrived in the province last year with deep experience in materials production and delivery, and for its current deal will work with Darrell and Terry McConnell on business integration. Sunrock Chairman Bryan Pfohl plans to “continue building a strong Canadian company that prides itself on Safety, Environmental Stewardship and Community Relations.”
Knife River Corp. has acquired Mt. Hood Rock, further strengthening the company’s integrated materials position in the growing Portland, Ore., metro area. Mt. Hood Rock provides construction aggregates in Gresham, Troutdale, Happy Valley and Sandy and other points east, and bolsters Knife River’s metro market stake with estimated reserves upward of 20 years. The producer is notable as the family business of Dave Turin, who gained fame on the reality TV show “Gold Rush” and now stars in “Dave Turin’s Lost Mine” on the Discovery Channel.
“Producing high-quality construction aggregates and enabling vertical integration are two of the cornerstones of Knife River’s business strategy,” says David Goodin, president of parent MDU Resources Group, Bismarck, N.D. parent company. “A third is expanding in growing markets it knows well, such as the Portland area. This acquisition will create efficiencies and allow for growth from Day 1.”
Separately, Knife River plans to expand its Honey Creek quarry northwest of Austin, Texas. The Texas Commission on Environmental Quality has granted the producer a New Source Review permit, ushering installation of a third crusher and wash screen, scheduled for 2022 start up. Knife River purchased the 570-acre property in 2019, aiming to supply construction aggregates for internal ready mixed concrete and asphalt production, plus external customers. More immediately, a rail-loading facility added this year will enable delivery of Honey Creek aggregates to sister operations in Waco, Bryan/College Station and Beaumont.
Dallas-based Arcosa Inc. has reached a definitive agreement to acquire StonePoint Ultimate Holding LLC and affiliated entities from an affiliate of Sun Capital Partners Inc. for $375 million in cash. StonePoint is one of the 25 largest U.S. aggregates players, with approximately 9 million tons of annual production across 20 locations, and more than 40 years of reserves. It operates in Gulf Coast (Texas, Louisiana, Mississippi), Tennessee/Kentucky and Pennsylvania/West Virginia regions, generating approximately 80 percent of revenues—$117 million in the most recent fiscal year—from aggregates, asphalt and other services accounting for the remainder.
“StonePoint represents an outstanding fit,” says Arcosa CEO Anthony Carrillo. “The transaction aligns with Arcosa’s strategy to expand our Aggregates business in our current footprint and to enter new, attractive geographies. StonePoint has an experienced operating team, an attractive pipeline of organic growth projects and bolt-on acquisitions, and a footprint in fast-growing markets. We look forward to welcoming the StonePoint team to the Arcosa family and building on our combined strengths.”
“Arcosa will be an excellent long-term owner of the StonePoint platform and will be able to further accelerate the growth of the business,” adds StonePoint CEO Colin Oerton. “We have built an exceptional business and team under Sun Capital and want to thank all of our employees and partners for their work in building a leading U.S. aggregates company.”