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

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