SOUTHLAKE, TEXAS | November 11, 2024 – The Greystone Group announced today that it advised Wake Stone Corporation (“Wake Stone”) on the sale to Vulcan Materials Company (NYSE: VMC), which closed on November 8, 2024.  Wake Stone is a leading pure-play aggregates supplier in the Carolinas, operating five quarries throughout the two states.   Greystone managed the transaction and acted as exclusive financial advisor to Wake Stone.   Additional details of the transaction can be found in Vulcan’s September 26, 2024 announcement.

“Wake Stone was one of the most highly sought after pure play aggregate producers in the United States and it was truly a privilege to advise the company and the Bratton family on its sale to Vulcan Materials Company.  We are grateful that the family trusted us to manage this transaction” said Tim Oitzman, founder and president of Greystone. “Greystone’s intimate knowledge of the aggregates industry was the reason we selected them as our advisor.  Having managed so many industry transactions, they were uniquely positioned to help us structure the transaction with Vulcan and we couldn’t be more pleased with the outcome” said Sam Bratton, CEO of Wake Stone.

About Wake Stone Corporation

Wake Stone is a family-owned, pure-play aggregates producer with leading positions in the markets they serve in North and South Carolina.  Founded in 1970, Wake Stone operates four granite quarries in North Carolina and one limestone quarry in South Carolina and is the leading aggregates producer in Wake County, North Carolina.

About Vulcan Materials Company

Vulcan Materials Company, a member of the S&P 500 Index with headquarters in Birmingham, Alabama, is the nation’s largest supplier of construction aggregates – primarily crushed stone, sand and gravel – and a major producer of aggregates-based construction materials, including asphalt and ready-mixed concrete.  For additional information about Vulcan, go to www.vulcanmaterials.com.

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.