Summit Materials Completes Acquisitions of Altaview Concrete and Con-Agg of MO and Announces Western Region Management Hires

Sep 21, 2010, 00:00 AM by User Not Found
September 21, 2010 – Summit Materials, LLC (Summit), a building materials company, today announced that it has concluded the acquisitions of Altaview Concrete, Inc., an aggregates and ready-mix concrete company based in Salt Lake City, Utah and Con-Agg of MO, LLC (Con-Agg), an aggregates and ready-mix concrete company based in Columbia, Missouri.

September 21, 2010 – Summit Materials, LLC (Summit), a building materials company, today announced that it has concluded the acquisitions of Altaview Concrete, Inc., an aggregates and ready-mix concrete company based in Salt Lake City, Utah and Con-Agg of MO, LLC (Con-Agg), an aggregates and ready-mix concrete company based in Columbia, Missouri.

Altaview Concrete becomes part of Summit’s recently formed Harper-Kilgore group of companies in Salt Lake City and will assume responsibility for the Harper ready-mix concrete operations. Con-Agg is a strong geographic fit with Summit’s existing businesses in Kansas and Missouri. The existing management teams at Altaview Concrete and Con-Agg will remain in place and continue to run and develop the businesses.

Summit also announced that Shane Evans and Bill Raimer have joined the company as Regional President and Regional CFO respectively with overall responsibility for Summit’s recently acquired companies in Utah and future business expansion in the western US. Prior to joining Summit, Shane and Bill led the management team at Oldcastle Materials’ Rocky Mountain / Midwest Division.

Tom Hill, CEO of Summit stated, “We are delighted to team up with companies of the calibre of Altaview Concrete and Con-Agg. Their top-class management teams and employees are a great addition to Summit. We are also very pleased to have Shane and Bill join Summit. They are very experienced managers who will work well with the strong team we now have in Utah.”

关于 Summit Materials

Summit Materials was formed in 2009 to develop a leading business in the aggregates and heavy-side building materials sector through strategic acquisitions. Summit Materials was founded by its CEO Tom Hill and a group of investors that include members of its management team, Blackstone Capital Partners V L.P., Silverhawk Capital Partners and Charles "Chip" Goodyear, former CEO of BHP Billiton. Tom Hill is the former CEO of Oldcastle Inc., the US division of CRH, Plc. Other Summit companies are Hamm, Inc. in Perry, Kansas (acquired September 2009), Hinkle Contracting Company in Paris, Kentucky (February 2010), Cornejo & Sons in Wichita, Kansas (April 2010), Continental Cement Company in Hannibal, Missouri (May 2010), and Harper-Kilgore in Salt Lake City, Utah (August 2010).

关于 Blackstone 集团

Blackstone (NYSE: BX) is one of the world’s leading investment and advisory firms. Blackstone seeks to create positive economic impact and long-term value for its investors, the companies it invests in, the companies it advises and the broader global economy. The firm accomplishes this through the commitment of its people and flexible capital. Blackstone’s alternative asset management businesses include the management of private equity funds, real estate funds, funds of funds, credit-oriented fund, collateralized loan obligation vehicles (CLOs) and closed-end mutual funds. The Blackstone Group also provides various financial advisory services, including financial and strategic advisory, restructuring and reorganization advisory and fund placement services. Further information is available at china.blackstone.com

关于 Silverhawk Capital Partners

Silverhawk 是一家成立于 2005 年的独立投资公司,投资于工业、能源/自然资源和商业服务领域的管理层收购及其他私募股权投资交易。Silverhawk 的合作伙伴作为团队进行投资,自 1989 年开始营业。更多信息,请登录 www.silverhawkcapitalpartners.com。

Contacts:
 
Summit Materials:
Michael Brady
202-339-9509

Blackstone:
Heather Lucania
212-583-5452

Silverhawk:
Matt Sheehy
203-861-2905