Summit Materials acquires aggregates and asphalt paving/production companies
| September 02, 2010 |
Building materials company Summit Materials LLC has finalized the acquisitions of Kilgore Paving and Maintenance LLC, an asphalt production and paving company, and the aggregates, ready-mix concrete and construction assets of Harper Companies. Both businesses, which are based in Salt Lake City, Utah, have merged to form Harper-Kilgore LLC, an integrated materials and construction company. (For the official company release on the acquisitions, click here.)
Jason Kilgore, the former owner of Kilgore Paving and Maintenance, LLC will run Harper-Kilgore, LLC post-closing with support from a strong management team across the combined operations.
Tom Hill, CEO of Summit, says that Utah is an attractive business environment and “is pleased to form our third regional platform in Salt Lake City through these acquisitions. Harper-Kilgore comprises many skilled and experienced employees and we would like to welcome them all into the Summit group of companies.”
Kilgore says the two companies complement each other well. “This marks a significant and exciting development for Harper and Kilgore,” he says in a prepared statement. “The combined employee groups bring many skills and synergies to the new Harper-Kilgore company. We look forward to building upon our existing strengths to further improve our products and services for our customers and community.”
From our partners
The math is pretty simple. You get the greatest return on your equipment investment when you can run a highly…