M&A Deal Summary

Summit Materials Acquires Lafarge North America - Davenport

On July 20, 2015, Summit Materials acquired distribution company Lafarge North America - Davenport from Lafarge North America for 450M USD

Acquisition Highlights
  • This is Summit Materials’ 2nd transaction in the Distribution sector.
  • This is Summit Materials’ 2nd largest (disclosed) transaction.
  • This is Summit Materials’ 10th transaction in the United States.

M&A Deal Summary

Date 2015-07-20
Target Lafarge North America - Davenport
Sector Distribution
Buyer(s) Summit Materials
Sellers(s) Lafarge North America
Deal Type Divestiture
Deal Value 450M USD

Target

Lafarge North America - Davenport

United States
Lafarge North America - Davenport is a provider of cement distribution services.

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Buyer(S) 1

Buyer

Summit Materials

Denver, Colorado, United States

website


Category Company
Founded 2009
Sector Building Materials
Employees6,000
Revenue 2.4B USD (2022)
DESCRIPTION

Summit Materials is a heavy-side construction materials company. Summit Materials was founded in 2009 and is based in Denver, Colorado.


DEAL STATS #
Overall 11 of 17
Sector (Distribution) 2 of 2
Type (Divestiture) 1 of 2
Country (United States) 10 of 16
Year (2015) 1 of 2
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-10-09 Southwest Ready Mix

Houston, Texas, United States

Southwest Ready Mix LLC is a ready-mix concrete company in southwest Houston, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-08-24 Le Grand Johnson Construction

Logan, Utah, United States

Le Grand Johnson Construction Co. is a provider of vertically integrated construction materials.

Buy -

Seller(S) 1

SELLER

Lafarge North America

Herndon, Virginia, United States

website


Category Company
Sector Building Materials
Employees4,200
DESCRIPTION

Lafarge North America Inc. has approximately 270 industrial and distribution sites and 4,200 employees in 41 States in its US cement, aggregate, concrete and gypsum businesses.


DEAL STATS #
Overall 3 of 3
Sector (Distribution) 1 of 1
Type (Divestiture) 3 of 3
Country (United States) 3 of 3
Year (2015) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-01-10 Quarries - Lafarge North America

Atlanta, Georgia, United States

Sell -