M&A Deal Summary

Quikrete Acquires Summit Materials

On November 25, 2024, Quikrete acquired building materials company Summit Materials for 11.5B USD

Acquisition Highlights
  • This is Quikrete’s 3rd transaction in the Building Materials sector.
  • This is Quikrete’s largest (disclosed) transaction.
  • This is Quikrete’s 4th transaction in the United States.
  • This is Quikrete’s 1st transaction in Colorado.

M&A Deal Summary
Date 2024-11-25
Target Summit Materials
Sector Building Materials
Buyer(s) Quikrete
Deal Type Add-on Acquisition
Deal Value 11.5B USD
Advisor(s) Morgan Stanley
Evercore Group (Financial)
Davis Polk & Wardwell (Legal)

Target

Summit Materials

Denver, Colorado, United States
Summit Materials is a vertically integrated materials-based company that supplies aggregates, cement, ready-mix concrete and asphalt in the United States and British Columbia, Canada. Summit is a geographically diverse, materials-based business of scale that offers customers a single-source provider of construction materials and related downstream products in the public infrastructure, residential and non-residential end markets. Summit Materials was founded in 2009 and is based in Denver, Colorado.

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Buyer(S) 1

Buyer

Quikrete

Atlanta, Georgia, United States
Category Company
Founded 1940
Sector Building Materials
DESCRIPTION

Quikrete is a building materials company with products that include packaged cement, pavers, retaining wall systems, masonry units, tile grouts and thin sets, concrete pipe, box culverts, corrugated metal pipe, ductile iron pipe, engineered storm water systems, structural precast, and steel pedestrian and vehicular bridges. The Company services the US and Canadian commercial construction, residential, and infrastructure markets. Quikrete was formed in 1940 and is based in Atlanta, Georgia.

DEAL STATS #
Overall 4 of 4
Sector (Building Materials) 3 of 3
Type (Add-on Acquisition) 3 of 3
State (Colorado) 1 of 1
Country (United States) 4 of 4
Year (2024) 1 of 1
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-22 Forterra

Irving, Texas, United States

Forterra is a manufacturer of water and drainage pipe and products in the U.S. and Eastern Canada for a variety of water-related infrastructure applications, including water transmission, distribution, drainage, and stormwater systems. Forterra was founded in 1899 and is based in Irving, Texas.

Buy $2.7B
Mergr

Product

Company

Legal