Armada Materials Acquires Wright Paving Contractors and Custom Stone in Tennessee
February 13, 2024
Armada Materials, a Tampa-based infrastructure materials platform backed by Kelso & Company, has acquired the assets of Wright Paving Contractors, Inc. and Custom Stone, LLC (the "Wright Companies") of Fayetteville, Tennessee. The Wright Companies — which operate asphalt and aggregates production, milling and paving across Pottsville, Shelbyville, and Fayetteville with ~50 employees — will be combined with Armada's existing Volunteer Materials operations to expand Armada's footprint in Middle Tennessee.
- Buyers
- Armada Materials, LLC, Kelso & Company, L.P.
- Targets
- Wright Paving Contractors, Inc., Custom Stone, LLC
- Sellers
- Wright Companies, Tommy Wright
- Platforms
- Volunteer Materials
- Industry
- Infrastructure
- Location
- Tennessee, United States
- Transaction Type
- Addon
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