M&A Deal Summary |
|
|---|---|
| Date | 2023-09-07 |
| Target | Argos USA |
| Sector | Building Materials |
| Buyer(s) | Summit Materials |
| Sellers(s) | Cementos Argos |
| Deal Type | Divestiture |
| Deal Value | 3.2B USD |
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| Category | Company |
|---|---|
| Founded | 2009 |
| Sector | Building Materials |
| Revenue | 2.6B USD (2023) |
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.
| DEAL STATS | # |
|---|---|
| Overall | 17 of 17 |
| Sector: Building Materials M&A | 11 of 11 |
| Type: Divestiture M&A Deals | 2 of 2 |
| State: Georgia M&A | 1 of 1 |
| Country: United States M&A | 16 of 16 |
| Year: 2023 M&A | 1 of 1 |
| Size (of disclosed) | 1 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-09-24 |
Grand Junction Pipe & Supply
Grand Junction, Colorado, United States GJP supplies irrigation and utility water pipe, valve fittings and accessory items to local utility districts, contractors, golf courses and the agricultural sector on the western slope of Colorado. GJP was part of Summit’s earlier acquisition of an aggregates-based business in Grand Junction, Colorado. |
Sell | - |
| Category | Company |
|---|---|
| Founded | 1934 |
| Sector | Building Materials |
| Employees | 4,235 |
| Revenue | 5.30T COP (2024) |
Cementos Argos is a multinational company that produces and markets cement and ready mix concrete through its operations in Colombia, the United States, Central America and the Caribbean. Cementos Argos was founded in 1934 and is based in Barranquilla, Colombia.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 1 |
| Sector: Building Materials M&A | 1 of 1 |
| Type: Divestiture M&A Deals | 1 of 1 |
| State: Georgia M&A | 1 of 1 |
| Country: United States M&A | 1 of 1 |
| Year: 2023 M&A | 1 of 1 |
| Size (of disclosed) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2016-08-18 |
HeidelbergCement AG - Cement Plant Assets
Germany HeidelbergCement AG - Cement Plant Assets comprises Martinsburg, West Virginia cement plant and eight related terminals. |
Buy | $660M |
