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
Location
Texas, United States
Transaction Type
Buyout

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