Quikrete Holdings Acquires Summit Materials for $11.5B
February 17, 2025
Quikrete Holdings acquired Summit Materials in a transaction valued at approximately $11.5 billion enterprise value (including debt), or $52.50 per share in cash. The deal combines Summit’s aggregates and cement with Quikrete’s concrete and cement-based products to create a more vertically integrated North American construction materials platform. Regulatory approvals and Summit stockholder approval were required for closing in 2025.
- Buyers
- Quikrete Holdings, Inc.
- Targets
- Summit Materials, Inc.
- Sellers
- Cementos Argos (committed to vote its Summit shares in favor of the transaction)
- Industry
- Construction
- Location
- United States
- Transaction Type
- Buyout
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