Sources: BMC Enterprises Inc., St. Louis; CP staff
St. Louis aggregates and concrete top gun BMC Enterprises has entered precast concrete, acquiring Stewart Concrete Products of Halfway, Mo., and announced a strategic partnership with Stewart-Morrison Redi-Mix, Inc. of West Plains, Mo. Both will operate as portfolio companies under BMC. Acquired assets include five concrete products locations, eight ready mixed plants and two sand & gravel mines throughout southwest Missouri and central Arkansas.
“These acquisitions further reinforce BMC’s reputation as a superregional, vertically integrated construction materials company,” says CEO Nathan McKean. “We’re pleased to welcome the employees of Stewart Concrete Products and Stewart-Morrison Redi-Mix, and are excited to serve several new communities.”
The deals follow three other BMC acquisitions throughout southern and eastern Missouri within the last 13 months, including Payne Ready Mix Concrete in Dudley and Poplar Bluff; Spencer Ready Mix Concrete, also Poplar Bluff; and, Tri-County Concrete in Van Buren. During that window, BMC also acquired more than 100 acres of real estate in eastern Missouri, dramatically increasing reserves for its Old Monroe aggregates mining operation.
BMC began as F.E. Breckenridge Material Co. in 1925. The producer has grown seven-fold since McKean assumed control in 2004. Recognizing BMC’s need to expand its geographic footprint and vertically integrate, he and his team have implemented a long-term sustainable growth strategy through 27 acquisitions in three states over the last 17 years, including five during the Covid-19 pandemic.
“By continuing to bolster our presence throughout the region, we’re demonstrating commitment to providing high-quality ready-mix concrete, construction materials and logistical advantages to customers from Hannibal to Cape Girardeau, and west to Springfield and beyond,” McKean observes.