October 16, 2017
U.S. Concrete, Inc. announced several acquisitions on October 2, 2017. Its wholly owned subsidiary, NorCal Materials, Inc., acquired two independently owned and operated ready-mixed concrete operations, Harbor Ready-Mix and A-1 Materials, Inc. The acquisitions include two ready-mixed concrete batch plants and 23 mixer trucks, as well as the assets of L.C. Frey Co., Inc., a landscape materials business related to A-1’s operations. Both operations serve the commercial and residential sectors in the Peninsula and South Bay areas of San Francisco, which gives U.S. Concrete increased capacity in the Northern California market.
“These acquisitions are indicative of our team’s ability to find and integrate high-quality businesses in attractive markets,” says U.S. Concrete President, CEO, and Vice Chairman, William J. Sandbrook, in a press release. “Expanding our market presence and diversifying our customer base in this vibrant and growing market is very exciting. Pent up demand from recent weather delays and a significantly undersupplied residential housing market will allow us to gain immediate traction for long-term success. I am pleased to welcome Harbor and A-1 to the U.S. Concrete family of companies.”
In addition, U.S. Concrete acquired Action Supply Co., Inc., which supplies high-strength ready-mixed concrete to the Philadelphia metropolitan market. Action’s proximity to U.S. Concrete’s recently acquired aggregates production facility, Corbett Aggregates Companies, LLC, offers vertical integration. Action is Pennsylvania Department of Transportation approved and has the capabilities to meet stringent specifications.
“I am thrilled to welcome this new market to our Atlantic Region,” Sandbrook says in a press release. “This acquisition continues our strategy of finding great businesses in new markets with future bolt-on and consolidation opportunities. The Philadelphia metro market is a mature and stable market with many of the same attributes in our other successful markets. Action’s ability to meet demanding specifications in difficult operating environments fits the U.S. Concrete model, and I am pleased to welcome them to our family of companies.”