M&A Deal Summary

Silverhawk Capital Partners and The Blackstone Group Acquire Summit Materials

On September 8, 2009, private equity firms Silverhawk Capital Partners and The Blackstone Group acquired building materials company Summit Materials for 780M USD

Acquisition Highlights
  • This is Silverhawk Capital Partners’ 1st and The Blackstone Group’s 2nd transaction in the Building Materials sector.
  • This is Silverhawk Capital Partners’ and The Blackstone Group’s 104th largest (disclosed) transaction.
  • This is Silverhawk Capital Partners’ 5th and The Blackstone Group’s 94th transaction in the United States.
  • This is Silverhawk Capital Partners’ 1st and The Blackstone Group’s 5th transaction in Colorado.
Investment Fate
  • Summit Materials went public in 2014.

M&A Deal Summary
Date 2009-09-08
Target Summit Materials
Sector Building Materials
Buyer(s) Silverhawk Capital Partners
The Blackstone Group
Deal Type Buyout (LBO, MBO, MBI)
Deal Value 780M USD

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) 2

Buyer

Silverhawk Capital Partners

Greenwich, Connecticut, United States
Category Private Equity Firm
Founded 2005
PE ASSETS 450M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Silverhawk Capital Partners is a private equity firm that targets recapitalizations of family owned business, acquisitions of divisions of larger corporations, and acquisitions of growth platform businesses. Sectors of interest include manufacturing, industrial products, chemicals, business services, distribution, data management, consumer services, energy, and natural resources. The Firm looks to invest $25 to $175 million of equity capital in companies valued up to $1 billion. Silverhawk Capital Partners was established in 2005 and has offices in Greenwich, Connecticut and Charlotte, North Carolina.

DEAL STATS #
Overall 5 of 12
Sector (Building Materials) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 3 of 5
State (Colorado) 1 of 1
Country (United States) 5 of 11
Year (2009) 1 of 2
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-11-30 Discovery Support Services

Alpharetta, Georgia, United States

Discovery Support Services is a provider of customized information management services to healthcare, insurance, and legal professionals. The Company has agreements with hospitals, clinics and physicians in 30 states to service the release of information (“ROI”) requests made by other healthcare, insurance, governmental or legal entities.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-11-01 Paloma Resources II

Houston, Texas, United States

Paloma Resources II LLC is an oil and gas company focused on exploration, exploitation, acquisition, and production of oil and gas reserves.

Buy -
Buyer

The Blackstone Group

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1987
PE ASSETS 131.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

The Blackstone Group is a global alternative investment management firm. The Firm's investment activities span real estate, secondary investments, hedge funds, credit, infrastructure, and private equity. Blackstone's private equity group targets opportunities globally including buyout acquisitions of established companies, development projects, growth equity financings, and industry consolidations. Sectors of interest include automotive, healthcare, chemicals, industrial, commercial property, lodging, communications, media/publishing, consumer & retail, packaging, consumer products, pharmaceuticals, energy, technology, entertainment, telecommunications, financial services, theme parks, food & beverage, and transportation. Blackstone's private equity real estate group looks for opportunities across North/South America, Asia, Australia/New Zealand, and Europe. The real estate group will consider both equity and debt investments. Areas of interest include healthcare, hotel, industrial, office, residential, and retail. The Blackstone Group was formed in 1987 and is based in New York City.

DEAL STATS #
Overall 135 of 335
Sector (Building Materials) 2 of 4
Type (Buyout (LBO, MBO, MBI)) 49 of 75
State (Colorado) 5 of 8
Country (United States) 94 of 210
Year (2009) 2 of 3
Size (of disclosed) 104 of 171
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-07-02 Carmel Valley Ranch

Carmel-By-The-Sea, California, United States

Carmel Valley Ranch is a luxurious Carmel hotel tucked away in the lush forests of the Santa Lucia Mountains. Carmel Valley Ranch is based in Carmel-By-The-Sea, California.

Sell $20M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-09-09 Freedom Communications

Santa Ana, California, United States

Freedom Communications, Inc. is a diversified media company that primarily publishes community newspapers and metropolitan area newspapers and operates broadcast television stations. Freedom owns 28 daily newspapers and 38 weekly newspapers in 11 states with a combined circulation of 1.2 million and 8 broadcast television stations in 7 states. It is the 13th largest newspaper publisher by circulation and one of the largest independent television broadcasters in the U.S.

Sell -
Mergr

Product

Company

Legal