Cowen advises LC Materials on its sale to Smyrna Ready Mix Concrete, LLC.

Tombstone LC Materials SRM Transaction 2019 en
Overview

Transaction

Cowen is pleased to announce that LC Materials has been acquired by Smyrna Ready Mix Concrete, LLC (“SRM”). Cowen acted as the exclusive financial advisor to LC Materials on the sale transaction.

Client

LC Materials is a leading, vertically integrated supplier of ready-mix concrete and aggregates for commercial infrastructure and residential building markets. Formed through the 2015 merger of Cornillie Concrete and LC Redi-Mix, LC Materials operates 14 plants and 65+ trucks throughout Northern Michigan. The Company is headquartered in Cadillac, Michigan.

Logo LC Materials

Buyer

SRM provides a full line of ready mix concrete products and services, operating in several states including Alabama, Arkansas, Florida, Georgia, Indiana, Kentucky, Ohio, South Carolina, Tennessee and Texas. SRM was founded in 1999 and is headquartered in Nashville, Tennessee.

Logo SRM

Contact

Photo Gene Bitonti

Gene P.
Bitonti

Managing Director
Mergers & Acquisitions, Cowen

+1 248 9884 524
Email

Photo Andre Augier

André A.
Augier

Vice Chairman
Investment Banking, Cowen

+1 248 9884 519
Email

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