Greystone Advises Tarrant Concrete Company in Sale to LafargeHolcim
San Diego (July 10, 2018) – Greystone Group LLC is pleased to announce the sale of Tarrant Concrete Co., Inc. (“Tarrant”) to LafargeHolcim. Greystone acted as the exclusive financial advisor to Tarrant in this transaction.
Tarrant is a leading provider of ready mix concrete in the greater Dallas/Fort Worth area in Texas. Tarrant operates three ready mix concrete plants, supplying high quality concrete to major construction projects. With net sales of more than $40 million and 90 employees, Tarrant is one of the leading local ready mix concrete companies. Tarrant celebrated its 50th anniversary in 2018.
“It was a pleasure working with the Greystone team. Their expertise in this industry was apparent in how they facilitated and managed the transaction without disrupting our employees or our customers. We’re truly grateful for how quickly and efficiently Greystone was able to execute the transaction” said James Rainbolt, President and owner of Tarrant.
“James and his father have built the premier ready mix business in Fort Worth, Texas. I first met James in 2007 at a time when he was not ready to sell. We reached out to him early this year and explained the market conditions were strong and suggested that if he were going to sell, now was the time. We were grateful that James trusted us to manage the transaction” said Tim Oitzman, Managing Director of Greystone.
LafargeHolcim is the leading global building materials company serving masons, builders, architects and engineers all over the world. Group operations produce cement, aggregates and ready mix concrete which are used in building projects ranging from affordable housing and small, local projects to the biggest, most technically and architecturally challenging infrastructure projects. LafargeHolcim employs approximately 80,000 employees in around 80 countries and has a portfolio that is equally balanced between developing and mature markets.
Greystone is considered a leading M&A advisor to the construction materials industry, having managed over 60 industry related 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.