M&A Deal Summary

Park Avenue Equity Partners Acquires Thomas Concrete

On April 3, 2007, private equity firm Park Avenue Equity Partners acquired building materials company Thomas Concrete for 177M USD

Acquisition Highlights
  • This is Park Avenue Equity Partners’ 1st transaction in the Building Materials sector.
  • This is Park Avenue Equity Partners’ largest (disclosed) transaction.
  • This is Park Avenue Equity Partners’ 10th transaction in the United States.
  • This is Park Avenue Equity Partners’ 1st transaction in Georgia.

M&A Deal Summary
Date 2007-04-03
Target Thomas Concrete
Sector Building Materials
Buyer(s) Park Avenue Equity Partners
Deal Type Buyout (LBO, MBO, MBI)
Deal Value 177M USD
Advisor(s) McColl Partners LLC (Financial)

Target

Thomas Concrete

Atlanta, Georgia, United States
website
Thomas Concrete is a ready-mixed concrete supplier to residential and commercial customers. Thomas operates a network of eleven permanent ready mix concrete plants, three mobile concrete plants, and a fleet of 109 front-loading mixer trucks. Thomas Concrete was established in 1985 and is based in Atlanta, Georgia.

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Buyer(S) 1

Buyer

Park Avenue Equity Partners

New York, New York, United States

website

Category Private Equity Firm
Founded 1997
PE ASSETS 340M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Park Avenue Equity Partners is a private equity firm that seeks investments in North American middle-market companies operating in basic industries. Areas of interest include construction, solid waste, transportation, recycling, healthcare and financial services. Park Avenue looks to invest $50 million per transaction and has an investment horizon of five to seven years. Park Avenue Equity Partners was formed in 1999 and is based in New York City.

DEAL STATS #
Overall 10 of 10
Sector (Building Materials) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 7 of 7
State (Georgia) 1 of 1
Country (United States) 10 of 10
Year (2007) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-06-26 Meyer Material

McHenry, Illinois, United States

Meyer Material Co. is a regional concrete and aggregate business. Meyer Material produces and delivers ready-mix concrete and mines and sells aggregate materials.

Sell $231M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-11-05 Liberty Tire Recycling

Pittsburgh, Pennsylvania, United States

Liberty Tire Recycling is a premier provider of tire recycling services in North America. Liberty collects and recycles used tires for innovative, beneficial re-use. The recycled rubber produced by Liberty is used as crumb rubber and industrial feedstock for molded products; as tire-derived fuel for industrial kilns, mills, and power plants; and as rubber mulch for landscaping and playgrounds. The company maintains a network of processing plants and comprehensive, nationwide collection services. Liberty Tire Recycling was formed in 2002 and is based in Pittsburgh, Pennsylvania.

Sell $260M
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