Fayat Group Acquires Controlling Interest in Asphalt Drum Mixers LLC
July 7, 2024
Fayat Group acquired a controlling interest in Asphalt Drum Mixers LLC (ADM), effective July 1, 2024. ADM will join Fayat's Mixing Plants business unit while the Boyd-Devine family remains a minority owner and Mike Devine stays on as ADM president; the deal strengthens Fayat's road-construction equipment position in North America and creates product and distribution synergies with existing Fayat brands.
- Buyers
- Fayat Group
- Targets
- Asphalt Drum Mixers LLC
- Sellers
- Boyd-Devine family
- Industry
- Manufacturing
- Location
- Indiana, United States
- Transaction Type
- Buyout
Explore More
Build a buyer list for your deal
Find active buyers from recent acquisition patterns and move straight into outreach.