Sources: Summit Materials LLC, Washington, D.C.; CP staff
This year's most active U.S. construction materials deal maker, Summit has added ready mixed and aggregate properties in markets where it only recently staked claim, closing on Con-Agg of MO, LLC in Columbia, Mo., and Altaview Concrete Inc. in Sandy, Utah. The former operates a ready mixed and aggregate business near the Interstate 70 corridor in north-central Missouri. Con-Agg is strategic to Continental Cement Co., Hannibal, Mo., in which Summit took a majority position this spring.
Altaview Concrete operates three batch plants outside Salt Lake City, plus Wasatch Concrete Pumping and Peak Construction Materials, with two sand & gravel pits. Company president Scott Reynolds and vice president Scott Bigler will reportedly continue in their roles while the business is integrated with Harper-Kilgore LLC. Summit formed the Salt Lake City platform over the summer, merging the acquired ready mixed, aggregate and asphalt production assetsÛplus companion construction businessesÛof Harper Cos. and Kilgore Paving and Maintenance LLC.
Concurrent with the Altaview deal, Summit has appointed Shane Evans and Bill Raimer regional president and regional chief financial officer, respectively, over the Utah platform and prospective western U.S. investments. Both are former Oldcastle Materials colleagues of Summit CEO Tom Hill.