Industry: Building Materials & Services / Natural Materials
Transaction: Sale to Strategic Buyer


Aggregate Ready Mix Company is the third-largest producer and distributor of ready-mixed concrete, concrete block and aggregate in the Denver metro area. The company operates three ready-mixed concrete plants and two block companies which produce and sell architectural masonry units, concrete segmental retaining wall products and landscape products throughout Colorado. The company also owns 20 million tons of aggregate reserves in the Denver metro area, which it sells to its ready-mixed concrete and block divisions and to third-party customers.

The family members who owned and operated the company decided to sell it and retire, retaining GMB as their exclusive financial advisor. GMB conducted a process that resulted in the successful sale of the company to Australian-based Boral Ltd. (ASX:BLD). Boral Ltd., with operations throughout Australia, Asia and the United States, is Australia's largest producer and distributor of aggregate, cement, brick and other construction materials.

GMB managed the overall logistics of closing the transaction with a buyer located on the other side of the globe, navigating differences in culture and negotiating styles. Additionally, GMB's knowledge and expertise in the area of Colorado's unique use of empty mining pits as water storage reservoirs significantly increased the valuation of the company.

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