Sources: U.S. Concrete Inc., Euless, Texas; CP staff
One of two U.S. Concrete platform businesses in the Lone Star State, Ingram Concrete LLC has acquired the ready mixed production assets of T&S Ventures LLC, based in Sweetwater, Texas. The deal was announced five weeks after Ingram Concrete closed on the assets of Young Ready-Mix Inc., a single-plant, Brady, Texas operator.
U.S. Concrete's bolt-on acquisition strategy hinges on strong target businesses that are well located in areas of above-average growth. "We continue to look forward to great things from the west Texas market,” said CEO William Sandbrook upon announcing the T&S transaction. “This acquisition takes us one step closer to capitalizing on the dynamic construction activities in this region."