Sources: FMI Capital Advisors, Raleigh, N.C.; CP staff
Vulcan Materials has acquired Syar Industries LLC, one of northern California’s largest independent concrete, asphalt, aggregate and recycled materials producers. FMI Capital Advisors served as the Napa-based operator’s exclusive financial advisor.
“Working with the team at FMI, we were able to find the best strategic fit and obtain a fair valuation during the sale process,” says President Jim Syar. “We were pleased with the attention to detail and client service, and we’re excited to see the integration [with] Vulcan.”
Syar Industries has nine ready mixed and six asphalt plants, two quarries, two sand & gravel sites, and five aggregate recycling plants. The operations are strategic to the suitor’s legacy aggregate properties, along with a market-leading ready mixed plant network Vulcan inherited with last year’s U.S. Concrete Inc. acquisition.