M&A Deal Summary

U.S. Concrete Acquires Corbett Aggregates Companies

On April 10, 2017, U.S. Concrete acquired distribution company Corbett Aggregates Companies from Corbel Capital Partners

Acquisition Highlights
  • This is U.S. Concrete’s 1st transaction in the Distribution sector.
  • This is U.S. Concrete’s 17th transaction in the United States.
  • This is U.S. Concrete’s 5th transaction in New York.

M&A Deal Summary
Date 2017-04-10
Target Corbett Aggregates Companies
Sector Distribution
Buyer(s) U.S. Concrete
Sellers(s) Corbel Capital Partners
Deal Type Add-on Acquisition

Target

Corbett Aggregates Companies

Staten Island, New York, United States
Corbett Aggregates Companies is a State of New Jersey licensed sand and aggregates mining and material supply company. Corbett Aggregates is based in Staten Island, New York.

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Buyer(S) 1

Buyer

U.S. Concrete

Euless, Texas, United States
Category Company
Founded 1997
Sector Building Materials
Employees2,967
Revenue 1.4B USD (2020)
DESCRIPTION
Entrance to U.S. Concrete's corporate headquarters in Euless, Texas.
Entrance to U.S. Concrete's corporate headquarters in Euless, Texas.

U.S. Concrete produces and sells ready-mixed concrete, aggregates, and concrete-related products and services to the construction industry. U.S. Concrete holds leading positions in the high-growth metropolitan markets of Dallas/Fort Worth, San Francisco, New York City, Philadelphia, and Washington, D.C., and its materials have been used in some of the most complex and highly specialized construction projects of the last decade. U.S. Concrete was founded in 1997 and is based in Euless, Texas.

DEAL STATS #
Overall 17 of 23
Sector (Distribution) 1 of 1
Type (Add-on Acquisition) 14 of 20
State (New York) 5 of 6
Country (United States) 17 of 22
Year (2017) 1 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-22 Kings Ready Mix

Brooklyn, New York, United States

Kings Ready Mix is a provider of ready-mixed concrete producer, and operates four ready-mixed concrete plants and a fleet of 62 mixer trucks.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-02 Action Supply

Sharon Hill, Pennsylvania, United States

Action Supply Co., Inc. is a provider of ready-mixed concrete to commercial and infrastructure construction projects. Action Supply is based in Sharon Hill, Pennsylvania.

Buy -

Seller(S) 1

SELLER

Corbel Capital Partners

Investor Investor Investor Investor Investor

Category Mezzanine Finance Firm
Founded 2013
PE ASSETS 230M USD
Size Small
Type Sector Agnostic
DESCRIPTION

Corbel Capital Partners is a private investment firm focused on making minority investments in lower middle-market companies. Corbel will consider a variety of investment situations, including capital to support acquisitions, recapitalizations, growth, and buyouts of minority shareholders. The Firm looks to invest $10 to $35 million per transaction in profitable companies with $2 to $20 million of EBITDA. Sectors of interest include software & technology, specialty manufacturing, business services, healthcare, industrials, media & advertising, consumer & retail, and aerospace & defense. Corbel Capital Partners was formed in 2013 and is headquartered in Los Angeles, California.

DEAL STATS #
Overall 2 of 6
Sector (Distribution) 1 of 2
Type (Add-on Acquisition) 2 of 5
State (New York) 1 of 1
Country (United States) 2 of 6
Year (2017) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-30 Antares Audio Technologies

Santa Cruz, California, United States

Antares Audio Technologies is a developer of Auto-Tune, the industry standard for professional pitch correction and the tool of choice for the most prominent vocal effect in popular music. Antares tools and technologies include microphone modeling, formant, and throat modeling; harmonizing and doubling; and noise reduction. Their solutions are used in music production as well as sound design for video and games. Antares Audio Technologies was formed in 1999 and is based in Santa Cruz, California.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-06 Supplier Management Solutions

Temecula, California, United States

Supplier Management Solutions, Inc. has been supporting the global aerospace and defense industry providing supplier performance services through “boots on the ground” to drive systemic changes that improve quality and sustain on-time delivery performance. SMS’ team of full-time, salaried professionals provide on-site supplier performance management in more than forty (40) states and ten (10) countries internationally. Their mission is to bring their customers’ parts home on-time, every time, by increasing visibility, accountability, discipline and communication across the entire supply base.

Sell -
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