Coastal Concrete, Inc.


2007 Update - Building Materials


“The representation that Coastal received from McColl Partners in this transaction was truly outstanding. McColl Partners was able to deliver top value to Coastal and yet fashion a win-win transaction for buyer and seller alike.”

Bobby Glover
Founder and President
Coastal Concrete, Inc.


“Since 1985, Mr. Glover has grown Coastal into the region’s premier producer of ready mixed concrete. Coastal's outstanding operating platform and attractive locations led to a successful transaction. Park Avenue's significant industry experience effectively positions Coastal for future growth.”

Brad Winer
Principal
McColl Partners, LLC

 

Deal Summary

McColl Partners, LLC announced that it advised Coastal Concrete, Inc. (“Coastal” or the “Company”) in its $177 million sale to Park Avenue Equity Partners, a
New York-based private equity firm (“Park Avenue”). Eric Andreozzi and Brad Winer
led McColl Partners’ execution of the transaction and were supported by
Justin Cunningham and Paxton Badham. McColl Partners’ sale of Coastal marks the firm’s fifth transaction in the ready mixed concrete industry, including the $245 million sale of Southern Star Concrete, Inc. and the $210 million sale of Ready Mixed Concrete Company, two of the largest independent ready mixed concrete producers in the United States.

About Coastal Concrete, Inc.
Coastal Concrete, Inc. is one of the nation’s largest independent ready mixed concrete operators. Coastal serves customers throughout the high-growth coastal regions of South Carolina and Georgia with annual production in excess of 600,000 cubic yards produced at ten ready mixed concrete plants and distributed with a fleet of 109 mixer trucks.

About Park Avenue Equity Partners
Park Avenue Equity Partners is a New York-based private equity firm focused on middle-market companies in a wide range of industries. The firm’s partners have contributed approximately 25% of the fund’s committed capital and have broad experience in all aspects of private equity.

About McColl Partners, LLC
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 private equity groups, entrepreneurs, family-owned businesses, public companies, 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 or Brad Winer at (704) 333-0525. More information about McColl Partners can be found at www.mccollpartners.com.

 
   
 
   
 
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