Financial Advisor
Summit Materials, Inc.
M&A Advisory
A Subsidiary Of
Has Been Acquired By
Transaction Details
- On May 16, 2022, Summit announced the divestiture of Hinkle Contracting Company, LLC (“Hinkle”) to an affiliate of CRH Americas Materials, Inc., a subsidiary of CRH PLC (“CRH”)
- Hinkle is a vertically-integrated, market leading provider of aggregates, asphalt, ready-mix concrete and paving services throughout Central and Eastern Kentucky
- The Hinkle divestiture supports Summit’s Elevate Strategy which includes a disciplined and ongoing portfolio optimization designed to drive Summit forward with its strategic priority of being a materials-led company with selective participation in high return downstream businesses
About the company
Hinkle Contracting Company, LLC
Hinkle Contracting Company, founded in 1942 and headquartered in Paris, KY, is a vertically-integrated, market leading provider of aggregates, asphalt, ready-mix concrete and paving services throughout Central and Eastern Kentucky. The Company’s materials, products and services have broad applications across residential, nonresidential and public end markets.
Summit Materials, Inc.
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 has a strong track record of successful acquisitions since its founding and continues to pursue growth opportunities in new and existing markets.
CRH PLC
CRH is the leading building materials business in the world, employing 71,000 people at 3,200 operating locations in 28 countries. It is the largest building materials business in North America and Europe and also has regional positions in Asia. CRH manufactures and supplies a range of integrated building materials, products and innovative solutions which can be found throughout the built environment, from major public infrastructure projects to commercial buildings and residential structures.
Sources: Company Materials.
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