M&A Deal Summary

Asphalt Materials Acquires HG Meigs

On October 8, 2019, Asphalt Materials acquired construction company HG Meigs

Acquisition Highlights
  • This is Asphalt Materials’ 1st transaction in the Construction sector.
  • This is Asphalt Materials’ 1st transaction in the United States.
  • This is Asphalt Materials’ 1st transaction in Wisconsin.

M&A Deal Summary
Date 2019-10-08
Target HG Meigs
Sector Construction
Buyer(s) Asphalt Materials
Deal Type Add-on Acquisition
Advisor(s) TKO Miller LLC (Financial)

Target

HG Meigs

Portage, Wisconsin, United States
HG Meigs serves the Wisconsin road building industry with quality products ranging from Asphalt Cements to Asphalt Cutbacks and Asphalt Emulsions. Operating three Wisconsin terminals, Abbotsford, Eau Claire, and Portage, HG Meigs is able to supply it’s network of upper Mid-West customers with all of their bituminous needs, from asphalt cement to emulsions.

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Buyer(S) 1

Buyer

Asphalt Materials

Indianapolis, Indiana, United States
Category Company
Founded 1956
Sector Construction
DESCRIPTION

Asphalt Materials, Inc. is an asphalt company focused on the formulation, manufacturing, and R&D of asphalt binders and emulsions. Asphalt continually supplies high quality products and services allowing it to excel in pavement preservation techniques and construction services. The Company assists federal, state, local & private authorities in building economical and reliable pavements, while maintaining safety and environmental stewardship to the highest standards.

DEAL STATS #
Overall 1 of 2
Sector (Construction) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Wisconsin) 1 of 1
Country (United States) 1 of 2
Year (2019) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-12 Marathon Petroleum - Three Asphalt Terminals

Findlay, Ohio, United States

Marathon Petroleum's Three Asphalt Terminals provide safety, quality, and service with the values of Asphalt Materials.

Buy -
Mergr

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