Displaying items by tag: shares

US: Equity firm Cordatus Capital has completed an investment in Texas-based Titan Ready Mix. Titan Ready Mix produces ready-mix concrete in Cresson, Springtown and Venus to supply the Dallas-Fort Worth Metroplex area. Cordatus Capital says that it aims to accelerate the producer’s regional expansion, including through potential new acquisitions in North Texas.

Cordatus Capital partner Kevin Lippincott said "Although Titan is a relatively new entrant in the Dallas-Fort Worth ready-mix market, CEO Danny Paterson and chief operating officer Jeremy Briggs have already helped position it as the standard for delivering consistent, quality product on time and at fair value."

Egypt: Three bondholders in precast concrete products company Consolis plan to convert their bonds into shares in a new company that will operate as sole, outright owner of Consolis. Contrerian Capital Management, Squarepoint Ops and Albakor Capital informed the Egyptian Competition Authority of their intentions on 17 October 2024.

UK: Breedon Group has acquired concrete block producer Broome Bros., construction firm Minster Surfacing and concrete block and aggregates producer Robinson Quarry Masters. Breedon Group said that the businesses will strengthen its presence around Doncaster in South Yorkshire, in Antrim, Northern Ireland, and 'from the Midlands to London.'

CEO Rob Wood said “Many of our transactions come to us through our local knowledge and personal engagement with the owners. As a result, our active mergers and acquisitions pipeline has continued to yield high quality, earnings-enhancing opportunities that will enable us to progress our sustainable growth strategy." He added "Each of these independent family-run businesses is aligned with our vertically-integrated operating model, providing further opportunity to pull through upstream building materials while extending our downstream footprint to deliver profitable growth.”

Business Live News has reported that the group has also completed its transition to the London Stock Exchange from the AIM exchange. Breedon Group said that this will enhance its corporate profile by helping to attract greater international investment.