Summit Materials Announces Acquisition of Troy Vines, Inc.

  Summit Materials Announces Acquisition of Troy Vines, Inc.

Business Wire

DENVER -- April 1, 2014

Summit Materials (“Summit”) is pleased to announce the acquisition of Troy
Vines, Inc. (“Troy Vines”), an integrated aggregates and ready-mix concrete
company headquartered in Midland, TX. The company, established in 1978 by Troy
Vines, operates one quarry and one sand & gravel pit and has eight ready-mix
concrete plants serving the Permian Basin region of West Texas.

Summit CEO, Tom Hill commented, “We are delighted to expand our footprint into
this fast growing market in West Texas. Troy Vines complements our existing
business in Texas and we are excited to welcome its employees to Summit. We
look forward to continuing to invest in the business to service demand from
Troy Vines’ many valued customers.”

About Summit Materials

Summit Materials was formed in 2009 to develop a leading business in the
aggregates and heavy-side building materials sector through strategic
acquisitions. Summit Materials was founded by its CEO Tom Hill and a group of
investors that include members of its management team, private equity funds
managed by Blackstone and Silverhawk Capital Partners. Tom Hill is the former
CEO of Oldcastle Inc., the U.S. division of CRH, Plc. To date Summit Materials
has completed over 25 acquisitions, and through its three regions, East,
Central, and West, it conducts operations in Kentucky, Tennessee, Virginia,
Kansas, Missouri, Illinois, Iowa, Utah, Wyoming, Colorado, Texas, Arkansas,
Oklahoma, and Idaho. Further information is available at
www.summit-materials.com.

About Blackstone

Blackstone is one of the world’s leading investment and advisory firms. We
seek to create positive economic impact and long-term value for our investors,
the companies we invest in, the companies we advise and the broader global
economy. We do this through the commitment of our extraordinary people and
flexible capital. Our asset management businesses include investment vehicles
focused on private equity, real estate, hedge fund solutions, non-investment
grade credit, secondary funds, and multi asset class exposures falling outside
of other funds’ mandates. Blackstone also provides various financial advisory
services, including financial and strategic advisory, restructuring and
reorganization advisory and fund placement services. Further information is
available at www.blackstone.com. Follow Blackstone on Twitter @Blackstone.

About Silverhawk Capital Partners

Silverhawk is an independent investment group established in 2005 to invest in
management buyouts and other private equity transactions in the Industrial,
Energy/Natural Resources and Business Service sectors. The partners of
Silverhawk have invested as a team and operated businesses since 1989. Further
information is available at www.silverhawkcapitalpartners.com.

Contact:

For Summit Materials
Brian Harris, 303-515-5165
 
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