Summit Materials - M&A Summary and Business Overview

Building MaterialsCompany

Summit Materials M&A Summary

Summit Materials has acquired 17 companies, including 1 in the last 5 years. It has also divested 1 asset.

Summit Materials’ largest acquisition to date was in 2023, when it acquired Argos USA for $3.2B. Summit Materials has acquired in 10 different US states, and 2 countries. The Company’s most targeted sectors include building materials (65%) and construction (24%).

Summit Materials Business Overview

Where is Summit Materials headquartered?

Summit Materials is headquartered in Denver, Colorado.

What is Summit Materials’ revenue?

Summit Materials disclosed revenue of 2,413M USD for 2022 and 2,410M USD for 2021.

How many employees does Summit Materials have?

Summit Materials has 6,000 employees.

What sector is Summit Materials in?

Summit Materials is a building materials company.

When was Summit Materials founded?

Summit Materials was founded in 2009.

M&A Summary

  • M&A Total Activity18
    • M&A Buy Activity17
    • M&A Sell Activity1
  • Total Sectors Invested 3
  • Total Countries Invested 2
  • M&A Buy/Sell Connections 3
  • M&A Advisors 2

Summit Materials

Summit Materials, Inc.

1550 Wynkoop Street, 3rd Floor,
Denver, Colorado 80202
United States,
(303) 893-0012
www.summit-materials.com

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


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.2/yr) # 16 - - - 1 - 17
vol $450M $3.2B $3.7B
Sell (0.0/yr) # 1 - - - - - 1
  18

Most Recent M&A

Company Date Value Type
Argos USA Corp. 2023-09-07 3.2B USD Divestiture
Alpharetta, Georgia · www.argos-us.com
Grand Junction Pipe & Supply 2018-09-24 - Divestiture
Grand Junction, Colorado · www.gjpipe.com
Razorback Concrete Co. 2017-01-06 - Add-on Acquisition
West Memphis, Arizona · www.razorbackconcrete.com
Everist Materials LLC 2017-01-06 - Add-on Acquisition
Silverthorne, Colorado · www.everistmaterials.com
Sierra Ready Mix LLC 2016-05-04 - Add-on Acquisition
Las Vegas, Nevada · www.sierrareadymix.com
Boxley Materials Co. 2016-02-23 - Add-on Acquisition
Blue Ridge, Virginia · www.boxley.com
Le Grand Johnson Construction Co. 2015-08-24 - Add-on Acquisition
Logan, Utah
Lafarge North America - Davenport 2015-07-20 450M USD Divestiture
, United States
Southwest Ready Mix LLC 2014-10-09 - Add-on Acquisition
Houston, Texas · www.southwestreadymix.com
Colorado County Sand & Gravel Co., LLC 2014-10-09 - Add-on Acquisition
El Campo, Texas
View All >>

Business Unit M&A

Company Acquired Add-On/Sale Date #
Boxley Materials Co. 2016-02-23 Boxley Materials - Asphalt Division 2024-03-15 1
Blue Ridge, Virginia · www.boxley.com Blue Ridge, Virginia

M&A by Sector

Sector Buy # Value Sell # Value
Building Materials 11 (65%) 3.2B (88%) 1 (100%) -
Construction 4 (24%) - - -
Distribution 2 (12%) 450M (12%) - -
Total 17 $3.7B 1 -

By Geo

State/Country Buy Value Sell Value
United States 16 3.7B 1 -
  Texas 6 - - -
  Utah 2 - - -
  Colorado 1 - 1 -
  Virginia 1 - - -
  Nevada 1 - - -
  Kentucky 1 - - -
  Kansas 1 - - -
  Georgia 1 3.2B - -
  Arizona 1 - - -
Canada 1 - - -
  British Columbia 1 - - -
Domestic 16 (94%) 3.7B (100%) 1 (100%) -
Cross-border 1 (6%) - - -
Total 17 $3.7B 1 -

Top M&A Advisors

Financial Deals
Morgan Stanley
1
Legal Deals
Davis Polk & Wardwell
1

Deal Values

buy # Total
> $1B 1 $3.2B
$100M to $1B 1 $450M
TOTAL $3.7B
Largest Argos USA Corp.
$3.2B (2023-09-07)

M&A Connections

Deals
Acquired from
Strategic(s)
12%
2 (12%)
Divested to
Strategic(s)
100%
1 (100%)

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