October 23, 2016 2:25 PM ET

Construction Materials

Company Overview of Summit Materials, LLC

Company Overview

Summit Materials, LLC, together with its subsidiaries, operates as a construction materials company in the United States and Canada. It company operates through the West, East, and Cement segments. The company produces and sells aggregates, cement, ready-mixed concrete, asphalt paving mix, and concrete products. It also provides paving and related services. In addition, the company owns and operates quarries, sand and gravel pits, two cement plants, cement distribution terminals, ready-mixed concrete plants, asphalt plants, and landfill sites. It offers its products and services to construction industry comprising private residential and non-residential construction, as well as public infras...

1550 Wynkoop Street

3rd Floor

Denver, CO 80202

United States

Founded in 2008

4,300 Employees





Key Executives for Summit Materials, LLC

Founder, Chief Executive Officer, President and Director
Age: 60
Chief Financial Officer
Age: 60
Chief Operating Officer and East Region President
Age: 55
President of Central Region
Age: 46
President of West Region
Age: 45
Compensation as of Fiscal Year 2016.

Summit Materials, LLC Key Developments

Investors Reportedly Eyes To Acquire Italcementi' Assets

HeidelbergCement AG (DB:HEI) has drawn up a preliminary short list of bidders for $1 billion of assets owned by Italcementi SpA (BIT:IT) that must be sold to meet conditions of a planned takeover, according to sources familiar with the matter. Bidders selected to do due diligence for the US assets, valued at around $600 million, include CRH plc (ISE:CRG) and Summit Materials, LLC.

Summit Materials, LLC and Summit Materials Finance Corp. Issue $250.0 Million Aggregate Principal Amount of 8.500% Senior Notes Due 2022

Summit Materials, LLC and Summit Materials Finance Corp., indirect subsidiaries of Summit Materials Inc., issued and sold $250.0 million aggregate principal amount of their 8.500% Senior Notes due 2022, which mature on April 15, 2022, pursuant to an indenture dated as of March 8, 2016, by and among the Issuers, the subsidiary guarantors named on the signature pages thereto and Wilmington Trust, National Association, as trustee. The notes were sold within the United States only to qualified institutional buyers in reliance on Rule 144A under the Securities Act of 1933, as amended (the Securities Act), and outside the United States to non-U.S. persons in reliance on Regulation S under the Securities Act. The notes were issued at 100.0% of their par value. The notes bear interest at a rate of 8.500% per year, payable semi-annually in arrears. The company may redeem all or a part of the notes at any time prior to April 15, 2019 at a redemption price equal to 100% of the principal amount of the Notes being redeemed plus a make-whole premium and accrued and unpaid interest, if any, to, but not including, the redemption date. In addition, beginning on April 15, 2019, the company may redeem all or a part of the notes at a redemption price equal to 104.250% of the principal amount redeemed. The redemption price decreases to 102.125% and 100.000% of the principal amount redeemed on April 15, 2020 and April 15, 2021, respectively. In addition, at any time prior to April 15, 2019, the company may redeem up to 40% of the notes from the proceeds of certain equity offerings at a redemption price equal to 108.500% of the principal amount thereof, plus accrued and unpaid interest.

Summit Materials, Inc. Summit Materials, LLC and Summit Materials Finance Corp. Announce Pricing of $250 Million of 8.500% Senior Notes Due 2022

Summit Materials, Inc. announced that its indirect subsidiaries Summit Materials, LLC and Summit Materials Finance Corp. finalized the terms of the previously announced offering of $250 million aggregate principal amount of 8.500% Senior Notes due 2022. Summit anticipates that consummation of the offering will occur on March 8, 2016 and intends to use the proceeds from the offering to fund the acquisition of Boxley Materials Company, replenish cash used for the acquisition of American Materials Company and to pay fees and expenses incurred in connection with the offering and the acquisitions.

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Recent Private Companies Transactions

No transactions available in the past 12 months.

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