M&A Deal Summary

Martin Marietta Acquires Lehigh Hanson’s West Region Business

On May 24, 2021, Martin Marietta acquired business services company Lehigh Hanson’s West Region Business from Lehigh Hanson for 2.3B USD

Acquisition Highlights
  • This is Martin Marietta’s 1st transaction in the Business Services sector.
  • This is Martin Marietta’s 2nd largest (disclosed) transaction.
  • This is Martin Marietta’s 4th transaction in the United States.
  • This is Martin Marietta’s 2nd transaction in Texas.

M&A Deal Summary
Date 2021-05-24
Target Lehigh Hanson’s West Region Business
Sector Business Services
Buyer(s) Martin Marietta
Sellers(s) Lehigh Hanson
Deal Type Divestiture
Deal Value 2.3B USD

Target

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.

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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 4 of 5
Sector (Business Services) 1 of 1
Type (Divestiture) 2 of 2
State (Texas) 2 of 2
Country (United States) 4 of 5
Year (2021) 1 of 1
Size (of disclosed) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-26 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.

Buy $1.6B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-05-03 Martin Marietta - Cement Import Business

Raleigh, North Carolina, United States

Martin Marietta's Cement Import Business and distribution business in Northern California, which includes its cement terminal in Stockton and also strengthen distribution reach across heartland US cement manufacturing system. Martin Marietta's Cement Import Business is based in Raleigh, North Carolina.

Sell -

Seller(S) 1

SELLER

Lehigh Hanson

Irving, Texas, United States
Category Company
Sector Building Materials
DESCRIPTION

Lehigh Hanson, Inc. is a manufacturer of ready-mixed and precast concrete, cement, asphalt, clay bricks, roofing, pavers, and chimneys and aircrete blocks.

DEAL STATS #
Overall 2 of 2
Sector (Business Services) 1 of 1
Type (Divestiture) 2 of 2
State (Texas) 1 of 1
Country (United States) 2 of 2
Year (2021) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-13 KSA Limited Partnership

Portsmouth, Ohio, United States

KSA Limited Partnership is a manufacturer of concrete ties, concrete turnout ties, concrete grade crossing ties as well as other concrete products for the railroad industry.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-04 Meriwether Ready Mix

Experiment, Georgia, United States

Meriwether Ready Mix is a producer of ready mixed concrete with a well-established residential and commercial customer base in the Metro Atlanta Area. Meriwether Ready Mix was founded in 2005 and is based in Experiment, Georgia.

Buy -
Mergr

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