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2004 Update - Building Materials
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“McColl Partners leveraged their broad expertise in the building materials industry to provide unique access to both strategic and financial buyers. Throughout the
well-run process, they consistently focused on obtaining a premium valuation for shareholders and affiliating with management’s preferred partner.”
Jay Loftin, President, Ready Mixed Concrete Company |
“McColl Partners executed a well-managed sale process and drove the transaction to closing. They helped to present a compelling investment opportunity.”
Jay Jester, Senior Vice President, Director of Marketing, Audax Group |
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Deal Summary
McColl Partners recently advised one of the nation’s largest independent producers of ready mixed concrete, Ready Mixed Concrete Company, in its $210 million sale to Audax Group, a leading middle-market investment firm with approximately $1 billion under management. Eric Andreozzi led McColl Partners’ execution of this transaction and was supported by Brad Winer, Kevin Griffin, and Scott Werry.
The acquisition provides Audax with the premier independent producer of ready mixed concrete and a significant strategic presence in the Southeast. Ready Mixed is the largest concrete producer in the majority of the markets in which it competes and is dedicated to providing the highest level of service to its diverse customer base.
About Ready Mixed Concrete Company
Ready Mixed, headquartered in Raleigh, North Carolina, is a leading producer of ready mixed concrete in North Carolina, South Carolina, and southern Virginia. The Company, founded in 1935, has a large network of concrete plants and mixing trucks that deliver concrete to thousands of customers in its markets.
About McColl Partners
McColl Partners is an independent investment banking firm specializing in the needs of management and owners of middle-market companies. With significant experience working with entrepreneurs, family-owned businesses, public companies, private equity groups, and divisions of larger companies, the firm is dedicated to offering strategic advice and assistance to its clients regarding mergers and acquisitions and private capital raising assignments.
To learn more about our expertise in the building materials industry, please contact Eric Andreozzi at 704-333-0518. More information about McColl Partners can be found at www.mccollpartners.com.
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