M&A Deal Summary

Vulcan Materials Acquires Wake Stone

On September 26, 2024, Vulcan Materials acquired building materials company Wake Stone

Acquisition Highlights
  • This is Vulcan Materials’ 3rd transaction in the Building Materials sector.
  • This is Vulcan Materials’ 5th transaction in the United States.
  • This is Vulcan Materials’ 1st transaction in North Carolina.

M&A Deal Summary
Date 2024-09-26
Target Wake Stone
Sector Building Materials
Buyer(s) Vulcan Materials
Deal Type Add-on Acquisition

Target

Wake Stone

Moncure, North Carolina, United States
Wake Stone is a family-owned business specializing in producing and supplying construction aggregates. The company operates quarries in North Carolina and South Carolina, providing high-quality crushed stone products for road building, infrastructure projects, residential and commercial construction, and industrial applications. Wake Stone was founded in 1970 and is based in Moncure, North Carolina.

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Buyer(S) 1

Buyer

Vulcan Materials

Birmingham, Alabama, United States
Category Company
Founded 1909
Sector Building Materials
Employees10,961
Revenue 7.8B USD (2023)
DESCRIPTION
Entrance to Vulcan Materials' corporate headquarters in Birmingham, Alabama.
Entrance to Vulcan Materials' corporate headquarters in Birmingham, Alabama.

Vulcan Materials is a producer of construction aggregates (primarily crushed stone, sand and gravel) and a major producer of asphalt mix and ready-mixed concrete. Vulcan Materials was founded in 1909 and is based in Birmingham, Alabama.

DEAL STATS #
Overall 5 of 5
Sector (Building Materials) 3 of 3
Type (Add-on Acquisition) 4 of 4
State (North Carolina) 1 of 1
Country (United States) 5 of 5
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-07 U.S. Concrete

Euless, Texas, United States

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.

Buy $1.3B
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