Charter investor secures controlling PB Materials stake

A fund of New York-based BPGC Management LP (BPG) has acquired a substantial majority stake in Odessa, Texas-based PB Materials Holdings Inc. from certain funds managed by WL Ross & Co. LLC. PBM serves west Texas and southeast New Mexico accounts through 12 ready mixed plants with a 120-mixer truck fleet delivering more than 750,000 cubic yards annually, as well…

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