M&A Deal Summary

Maschmeyer Concrete Acquires B.E.T.ER Mix

On May 17, 2019, Maschmeyer Concrete acquired building materials company B.E.T.ER Mix from Merit Capital Partners

Acquisition Highlights
  • This is Maschmeyer Concrete’s 1st transaction in the Building Materials sector.
  • This is Maschmeyer Concrete’s 1st transaction in the United States.
  • This is Maschmeyer Concrete’s 1st transaction in Florida.

M&A Deal Summary
Date 2019-05-17
Target B.E.T.ER Mix
Sector Building Materials
Buyer(s) Maschmeyer Concrete
Sellers(s) Merit Capital Partners
Deal Type Add-on Acquisition

Target

B.E.T.ER Mix

Hudson, Florida, United States
B.E.T.ER Mix is a manufacturer and distributor of ready mixed concrete and concrete block to the Tampa, Florida metropolitan area. The Company owns and operates five ready mixed plants in Hudson and Zephyrhills, Florida, as well as two block machines in Hudson. BMI owns its distribution fleet of 83 front-loading mixer trucks and seven block-hauling trucks. B.E.T.ER Mix was founded in 1972 and is based in Hudson, Florida.

Search 201,429 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Maschmeyer Concrete

Lake Park, Florida, United States
Category Company
Sector Building Materials
DESCRIPTION

Maschmeyer Concrete produces and distributes ready mix concrete, block and building materials with a large fleet of delivery vehicles servicing the Southeast, Central and Tampa Bay regions of Florida. Maschmeyer Concrete is based in Lake Park, Florida.

DEAL STATS #
Overall 1 of 1
Sector (Building Materials) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Florida) 1 of 1
Country (United States) 1 of 1
Year (2019) 1 of 1

Seller(S) 1

SELLER

Merit Capital Partners

Chicago, Illinois, United States

Investor Investor Investor Investor Investor

Category Mezzanine Finance Firm
Founded 1993
PE ASSETS 2.2B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Merit Capital Partners is a private investment firm that targets investments in middle market manufacturing, distribution, and service based businesses. Merit looks for companies generating at least $25 million in sales and at least $4 million in EBITDA. Merit can provide both equity and junior capital financing and looks to commit at least $15 million per transaction. Prospective transaction situations include management buyouts, recapitalizations, growth financings, divestitures, unsponsored transactions, and ESOPs. Merit Capital will not invest in start-ups, turnarounds, real estate, specialty retail, or oil/gas opportunities. Merit Capital was originally known as William Blair Mezzanine Capital and became independent in 2004. Merit was formed in 1993 and is based in Chicago, Illinois.

DEAL STATS #
Overall 41 of 52
Sector (Building Materials) 4 of 5
Type (Add-on Acquisition) 23 of 27
State (Florida) 2 of 2
Country (United States) 41 of 51
Year (2019) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-01 Omni Glass & Paint

Oshkosh, Wisconsin, United States

Omni Glass & Paint provides a broad range of glass and paint related products and services. The company’s OEM division distributes and installs specialty glass for use in specialty vehicle manufacturing. The Tempering division manufactures tempered glass for sale to building products manufacturers as well as through the Glass and OEM divisions. Omni Glass & Paint was founded in 1967 and is based in Oshkosh, Wisconsin.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-01 Elgen Manufacturing

Closter, New Jersey, United States

Elgen manufactures and markets ductwork accessory products that are used by HVAC contractors in commercial buildings. Elgen Manufacturing provides a mix of stock parts and custom components to match its customer’s unique product needs. Elgen Manufacturing Co. is based in Closter, New Jersey.

Buy -
Mergr

Product

Company

Legal