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Compañia de Cemento Argos S.A.
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2005 Update - Building Materials
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“We strongly believe McColl Partners´ input, including the development of valuation models and assistance in negotiations, was extremely valuable throughout the transaction process. McColl Partners´ experience in the ready mixed concrete industry and its clear understanding of Argos’ development strategy made the firm an outstanding advisor.”
Gabriel Ballestas
Business Development Manager
Compañia de Cemento Argos S.A. |
“This transaction is the first move for Argos in its broad strategy to participate in the southeastern U.S. ready mixed concrete industry. Conex’s presence in a location where Argos can leverage its existing cement terminal will enable the companies to better serve their customers in the region.”
Eric Andreozzi
Managing Director
McColl Partners, LLC |
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Deal Summary
McColl Partners, LLC announced this week that it has advised Compañia de Cemento Argos S.A. (“Argos”) in its acquisition of Concrete Express, Inc. (“Conex”), which closed on September 30, 2005. Eric Andreozzi led McColl Partners’ execution of the transaction, which is the firm’s second in the ready mixed concrete industry in the last twelve months, and was supported by Brad Winer, Kevin Griffin, and Jessica Somers. The acquisition provides Argos with a leading independent producer of ready mixed concrete in Georgia and South Carolina. Conex is based in Savannah, Georgia, where Argos has operated a cement import terminal for approximately 16 months, and serves the Savannah, Statesboro, and Ridgeland markets.
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About Concrete Express, Inc.
Concrete Express, Inc. is based in Savannah, Georgia, and produces ready mixed concrete for markets in Georgia and South Carolina. Concrete Express, Inc. has an annual production capacity of approximately 240,000 cubic yards produced at four ready mixed concrete plants and distributed with a fleet of 31 mixer trucks.
About Compañia de Cemento Argos S.A.
Compañia de Cemento Argos S.A. is the largest cement producer in Colombia with a 51% market share and the fifth leading producer of cement in Latin America. Argos exports approximately three million tons of cement annually, 80% of which is imported into the United States through three ports located in Georgia, North Carolina, and South Carolina.
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 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 at 704-333-0518. More information about McColl Partners can be found at www.mccollpartners.com.
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