Sources: SRM Concrete LLC, Smyrna, Tenn.; CP staff
SRM Concrete has put an exclamation mark on a watershed year, closing a deal with Vulcan Materials Co. for 28 USC-Atlantic LLC ready mixed plants in New York, New Jersey and Pennsylvania. Based on the Big Apple and Garden State market footprint it entails, the transaction stands to be the largest transfer ever of concrete production and delivery capacity in a major U.S. metropolitan area.
“We are excited to expand into this incredible market,” says SRM Concrete CEO Jeff Hollingshead. “Our newly acquired team possesses great experience, and we look forward to bringing SRM’s service to new customers across these new territories.” USC-Atlantic is one of the company’s largest acquisitions to date, he adds, ushering more than 600 team members to a payroll north of 5,000 and encompassing concrete and aggregate production in 19 states.
USC-Atlantic spans Eastern Concrete Materials, Ferrara Bros. and Action Supply brands, respectively serving northern New Jersey, New York City and Philadelphia markets. It functioned as a subsidiary after Vulcan Materials’ fall 2021 acquisition of U.S. Concrete Inc. Over a 20-year window, U.S. Concrete built a strong metro New York-New Jersey presence through platform (Baer Concrete, Ferrara Bros.) and bolt-on acquisitions, especially in the New York City boroughs of Bronx, Brooklyn, Queens and Staten Island. A 2017 deal established Action Supply as a satellite.
“We are looking forward to building relationships with our new SRM team members and their families for years to come,” affirms Chairman Mike Hollingshead, a sentiment he conveyed after meeting with USC-Atlantic staff.
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