Investment Summary

Kelso Invests In Armada Materials

On October 3, 2023, private equity firm Kelso invested in building materials company Armada Materials

Investment Highlights
  • This is Kelso’s 2nd transaction in the Building Materials sector.
  • This is Kelso’s 69th transaction in the United States.
  • This is Kelso’s 8th transaction in Florida.

Investment Summary
Date 2023-10-03
Target Armada Materials
Sector Building Materials
Investor(s) Kelso
Deal Type Growth Capital

Target

Armada Materials

Tampa, Florida, United States
Armada Materials is a producer of aggregates, asphalt, and other infrastructure materials and services. Armada Materials is based in Tampa, Florida.

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Investor(S) 1

Investor

Kelso

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1971
PE ASSETS 15.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Kelso & Company is a private equity and investment management firm that seeks control investments in middle-market companies operating primarily throughout the US. Sectors of interest include manufacturing, communications, media, distribution, service, consumer products, retail, healthcare, transportation, logistics, textiles, & apparel, chemicals, and energy. Kelso looks to align 'management's interest with those of investors' when considering opportunities. Kelso & Company was formed in 1971 and is based in New York City.

DEAL STATS #
Overall 80 of 81
Sector (Building Materials) 2 of 2
Type (Growth Capital) 11 of 11
State (Florida) 8 of 9
Country (United States) 69 of 70
Year (2023) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-06-21 Valenz

Phoenix, Arizona, United States

Valenz simplifies the complexities of self-insurance for employers through a steadfast commitment to data transparency and decision enablement powered by its Healthcare Ecosystem Optimization Platform. Offering a strong foundation with deep roots in clinical and member advocacy, alongside decades of expertise in the validation, integrity, and accuracy of claims, and a suite of risk affinity solutions, the company optimizes healthcare for the provider, payer, plan, and member. By leveraging data transparency and delivering an omnichannel approach across the healthcare journey, it improves cost, quality, and outcomes for employers and their members engaging early and often for smarter, better, faster healthcare. Valenz was formed in 2004 and is based in Phoenix, Arizona.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-09 ASB

Grovetown, Georgia, United States

ASB is a designer, manufacturer, and distributor of athletic-oriented apparel, team uniforms, sportswear and related accessories. ASB was founded in 1977 and is based in Grovetown, Georgia.

Sell -
Mergr

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