M&A Deal Summary

Martin Marietta Acquires Bluegrass Materials Company

On June 26, 2017, Martin Marietta acquired building materials company Bluegrass Materials Company from Lindsay Goldberg for 1.6B USD

Acquisition Highlights
  • This is Martin Marietta’s 3rd transaction in the Building Materials sector.
  • This is Martin Marietta’s 3rd largest (disclosed) transaction.
  • This is Martin Marietta’s 3rd transaction in the United States.
  • This is Martin Marietta’s 1st transaction in Florida.

M&A Deal Summary

Date 2017-06-26
Target Bluegrass Materials Company
Sector Building Materials
Buyer(s) Martin Marietta
Sellers(s) Lindsay Goldberg
Deal Type Add-on Acquisition
Deal Value 1.6B USD

Target

Bluegrass Materials Company

Jacksonville, Florida, United States
Bluegrass Materials Company LLC is a manufacturer and distributor of aggregates and concrete blocks. Bluegrass Materials Company LLC was founded in 2010 and is based in Jacksonville, Florida.

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Buyer(S) 1

Buyer

Martin Marietta

Raleigh, North Carolina, United States

Category Company
Founded 1939
Sector Building Materials
Employees9,400
Revenue 6.8B USD (2023)
DESCRIPTION
Entrance to Martin Marietta's corporate headquarters in Raleigh, North Carolina.
Entrance to Martin Marietta's corporate headquarters in Raleigh, North Carolina.

Martin Marietta is a producer of construction aggregates and a producer of magnesia-based chemicals and dolomitic lime. Martin Marietta was formed in 1993 and is based in Raleigh, North Carolina.


DEAL STATS #
Overall 3 of 5
Sector (Building Materials) 3 of 4
Type (Add-on Acquisition) 2 of 3
State (Florida) 1 of 1
Country (United States) 3 of 5
Year (2017) 1 of 1
Size (of disclosed) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-07-02 Texas Industries

Dallas, Texas, United States

Texas Industries, Inc. is a supplier of construction materials in the southwestern United States. The Company operates in three segments: cement, aggregates and consumer products.

Buy $3.0B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-24 Lehigh Hanson’s West Region Business

Texas, United States

Lehigh Hanson’s West Region Business provides a new upstream materials-led growth platform across several of the nation’s largest and fastest-growing megaregions in California and Arizona.

Buy $2.3B

Seller(S) 1

SELLER

Lindsay Goldberg

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2001
PE ASSETS 17.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Lindsay Goldberg is a large private equity firm that targets investments in traditional, basic industries. Lindsay looks to commit $50 to $250 million per transaction in sectors that include basic & commodity manufacturing, financial services, food, and distribution. Lindsay looks to partner with management in pursuing transactions. Lindsay Goldberg was formerly known as Lindsay Goldberg & Bessemer. The Firm was formed in 2001 and is based in New York City.


DEAL STATS #
Overall 25 of 40
Sector (Building Materials) 1 of 1
Type (Add-on Acquisition) 6 of 12
State (Florida) 2 of 4
Country (United States) 20 of 31
Year (2017) 2 of 6
Size (of disclosed) 1 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-18 Axeon SP

Stamford, Connecticut, United States

Axeon SP provides an array of petroleum-related specialty products through its refineries and network of company-owned and leased terminals, along with robust and comprehensive technical support services.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-06 Women s Care

Tampa, Florida, United States

Women's Care is a provider of high-quality general OB/GYN services and sub-specialty care across 71 outpatient locations in 11 counties throughout Florida. WCF has over 230 healthcare providers who provide care for more than 350,000 patients annually. WCF providers have privileges at 13 hospitals and are in-network with all major commercial payors. Women's Care was founded in 1998 and is based in Tampa, Florida.

Buy -