Armada Materials, Backed by Kelso & Company, Acquires Volunteer Materials
October 3, 2023
Armada Materials, a Tampa-based infrastructure materials platform led by Rob Duke and backed by Kelso & Company, has acquired Volunteer Materials and affiliated operating companies in Lewisburg, Tennessee. Volunteer is a vertically integrated producer of aggregates, asphalt and ready-mix concrete and a provider of road paving and striping services; the deal is Armada's first platform acquisition to support regional expansion along the I-65 corridor south of Nashville.
- Buyers
- Armada Materials, LLC, Kelso & Company, L.P.
- Targets
- Volunteer Materials, LLC, Volunteer Paving, LLC, Volunteer Sand and Gravel, LLC, Volunteer Concrete, LLC, Action Enterprise Company, LLC, TMC Construction Services, LLC
- Platforms
- Armada Materials, LLC
- Industry
- Building Products
- Location
- Tennessee, United States
- Transaction Type
- Addon
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