BPGC Management LP Acquires Controlling Stake in PB Materials
February 6, 2025
A fund managed by BPGC Management LP acquired a controlling, substantial majority stake in PB Materials Holdings, Inc., a leading producer of construction aggregates and ready‑mix concrete in the Permian Basin. Investment vehicles managed by affiliates of LSV Advisors served as lead investor alongside BPG; the sellers were certain funds managed by WL Ross & Co. LLC. Financing was provided by Fortress Investment Group and Hillcrest Bank, and terms were not disclosed.
- Buyers
- BPGC Management LP, LSV Advisors, LLC (investment vehicles)
- Targets
- PB Materials Holdings, Inc.
- Sellers
- Funds managed by WL Ross & Co. LLC
- Industry
- Building Products
- Location
- Texas, United States
- Transaction Type
- Buyout
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