GREYSTONE ADVISES SUMMIT MATERIALS ON SALE OF VIRGINIA READY MIX BUSINESS
SOUTHLAKE, TX | December 4, 2021 – The Greystone Group announced today that it advised Summit Materials, LLC (“Summit”) on the sale of its ready-mix business in Virginia to Boxley Ready Mix, LLC (“BRM”). The sale of the Virginia ready mix business was part of the ELEVATE Summit strategy initiated in March 2021. Greystone managed the transaction and acted as exclusive financial advisor to Summit. No other details of the transaction have been disclosed.
About Summit Materials
Summit Materials is a leading 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 nonresidential end markets.
Greystone is considered a leading M&A advisor to the construction materials industry, having managed over 70 industry transactions. Our focus on the construction materials industry allows us to provide unique and valuable insight to both our sell-side and buy-side clients. Since inception in 1996, we have developed unparalleled industry relationships and strong market knowledge which helps our clients achieve optimal results in their M&A transactions.