McColl Partners, LLC ("McColl Partners") acted as financial advisor to Loamy, LLC (“Loamy” or the “Company”) in its sale to Martin Marietta Materials, Inc. (“Martin Marietta”), one of the largest providers of construction aggregates and related products in North America.
About Loamy, LLC
Loamy, LLC is a leading provider of construction aggregates to the piedmont region of North Carolina and the coastal region of South Carolina. Headquartered in Bethune, South Carolina, the Company’s Kershaw Sand Mine contains approximately 20 million tons of concrete sand, asphalt sand, and gravel reserves. Loamy was established by American Timberlands Company (“ATC”) in 2008.
About American Timberlands Company
American Timberlands Company is a vertically integrated land investment management firm. ATC was established for the purpose of identifying, creating, and managing land investments with a focus on properties between 1,000 and 10,000 acres. ATC is based in Columbia, South Carolina.
About Martin Marietta Materials, Inc.
With annual sales of $1.7 billion, Martin Marietta Materials, Inc. is the second largest producer of aggregates for the construction industry in the United States. The company produces granite, limestone, sand, gravel, and other aggregate products for use in the public infrastructure, commercial, and residential construction industries. Martin Marietta was founded in 1939 and is based in Raleigh, North Carolina.
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 entrepreneurs, family-owned businesses, private equity groups, public companies, financial institutions, and divisions of large companies, the firm is dedicated to offering strategic advice and assistance to its clients regarding mergers and acquisitions and private capital raising assignments.
For more information about this transaction or our Industrials & Building Products Group, please contact Brad Winer at (704) 333-0525. Additional information about McColl Partners can be found at www.mccollpartners.com.
