M&A Deal Summary

U.S. Concrete Acquires Polaris Materials

On November 17, 2017, U.S. Concrete acquired building materials company Polaris Materials for 301M USD

Acquisition Highlights
  • This is U.S. Concrete’s 18th transaction in the Building Materials sector.
  • This is U.S. Concrete’s largest (disclosed) transaction.
  • This is U.S. Concrete’s 1st transaction in Canada.
  • This is U.S. Concrete’s 1st transaction in British Columbia.

M&A Deal Summary
Date 2017-11-17
Target Polaris Materials
Sector Building Materials
Buyer(s) U.S. Concrete
Deal Type Add-on Acquisition
Deal Value 301M USD
Advisor(s) Fasken Martineau DuMoulin LLP
Osler
Dorsey & Whitney LLP (Legal)

Target

Polaris Materials

Vancouver, British Columbia, Canada
website
Polaris Materials Corp. is a developer of an integrated logistical chain of mineral resources, receiving port terminals and cost effective, contracted shipping that allows it to meet the need for replacement aggregate sources in markets where local resources are depleting and marine imported aggregates offer an increasingly viable alternative.

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Buyer(S) 1

Buyer

U.S. Concrete

Euless, Texas, United States

website

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 21 of 23
Sector (Building Materials) 18 of 20
Type (Add-on Acquisition) 18 of 20
State (British Columbia) 1 of 1
Country (Canada) 1 of 1
Year (2017) 5 of 6
Size (of disclosed) 1 of 1
PREVIOUS 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 -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-12-20 Cherokee Bridge and Road

Junction, Texas, United States

Cherokee Bridge and Road, Inc. is a ready-mixed concrete producer. Cherokee Bridge and Road is based in Junction, Texas.

Buy -
Mergr

Product

Company

Legal