SOUTHLAKE, TEXAS | April 5, 2024 – The Greystone Group announced today that it advised BoDean Co., Inc. (“BoDean”) and Soiland Resources LLC dba Northgate Ready Mix (“Northgate”) on the sale of its aggregate, asphalt and ready mix business to CRH Americas Materials, Inc. (“CRH”).  Greystone initiated and managed the transaction and acted as exclusive financial advisor to BoDean and Northgate.

BoDean and Northgate together are one of the largest locally owned and operated aggregate, asphalt and ready mix producers in Napa and Sonoma counties in Northern California.  The combined companies operate two aggregate quarries, two ready mix plants, one asphalt plant and one recycle plant. BoDean’s Mark West Quarry has been an active quarry since 1910 and represents one of the largest aggregate resources in Northern California.

“The Soiland family built two amazing companies that were highly sought after by some of the industry’s largest producers” said Tim Oitzman, president of Greystone.  “BoDean and Northgate developed a great reputation as the premier supplier of construction materials to its customers in the North Bay.  It was a pleasure to represent the Soiland family in this transaction and we were grateful that Dean, Belinda, Troy and Dawn trusted us to manage the process.”

“Greystone expertly guided us through the sales process which ultimately allowed us to select the right buyer for our employees while maximizing value for the shareholders. We chose CRH because they will continue to operate our business the way we have over the past 35 years while providing additional growth opportunities for our dedicated employees.  Greystone worked diligently throughout the process and found creative solutions to ultimately structure a transaction that was beyond our expectations and we couldn’t be more pleased with the outcome” said Dean Soiland.

About CRH

CRH (NYSE: CRH, LSE: CRH) is the leading provider of building materials solutions that build, connect and improve our world. Employing c.78,500 people at c.3,390 operating locations in 29 countries, CRH has market leadership positions in both North America and Europe. As the essential partner for transportation and critical utility infrastructure projects, complex non-residential construction and outdoor living solutions, CRH’s unique offering of materials, products and value-added services helps to deliver a more resilient and sustainable built environment. The company is ranked among sector leaders by Environmental, Social and Governance (ESG) rating agencies. A Fortune 500 company, CRH’s shares are listed on the NYSE and LSE.

About Greystone

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.