Summit Materials, Washington, D.C., acquired Elam Construction Inc., Grand Junction Concrete Pipe Inc., Fischer Quarries LLC, B&B Resources Inc., Triple C Concrete Inc., and Wind River Materials LLC.
Elam Construction, based in Grand Junction, Colo., is an aggregates, asphalt and paving business with operations across the Western Slope of Colorado. Grand Junction Concrete Pipe is an aggregates, ready-mix concrete, precast products and pipe distribution company also based in Grand Junction and serves the Western Slope market. In conjunction with these acquisitions, Lane Bybee and Chase Vernieuw, both formerly with Oldcastle Materials, have joined Summit as President and CFO of the Colorado companies, respectively.
In addition to the two acquisitions in Colorado, Summit completed four other acquisitions in its West and Central regions. Fischer Quarries operates a quarry in Sedalia, Mo., while B&B Resources is an aggregates and ready-mix concrete producer in Salt Lake City. Triple C is an integrated ready-mix concrete, aggregates and precast products business located in southern Idaho. Wind River Materials (formerly Enercrest Products Inc.) produces aggregates and ready-mix concrete in southwest Wyoming.
Tom Hill, CEO of Summit Materials, commented, "We are very pleased to welcome all six companies and their employees to Summit. We look forward to continuing the successful growth of these companies and are excited to offer their services to our many valued customers."
These six acquisitions serve to establish a footprint for Summit Materials in western Colorado and further strengthen Summit Materials' aggregates positions in Missouri, Utah and its adjacent states, the company said. Combined, they produce over 2 million tons of aggregate, 0.5 million cyd of ready-mix concrete and 0.2 million tons of asphalt, and contribute about 65 million tons of aggregate reserves to the Summit portfolio.
Summit Materials was formed in 2009 to develop a leading business in the aggregates and heavy-side building materials sector through strategic acquisitions. Summit Materials was founded by Hill and a group of investors that include members of its management team, Blackstone Capital Partners V L.P., Silverhawk Capital Partners and Charles "Chip" Goodyear, former CEO of BHP Billiton.