AcquisitionsMay 7, 2026, 04:35 PM
Suncrete Acquires Nelson Bros. Ready Mix for $42.3M Cash + Stock
AI Summary
Suncrete, Inc., through its subsidiary Hope Concrete, LLC, completed the acquisition of Nelson Bros. Ready Mix, LLC and its subsidiary R & R Trucking LLC. The acquisition, valued at an aggregate of $42.3 million in cash and 1,296,456 shares of Class A Common Stock, with a potential earnout of up to $18.0 million, expands Suncrete's presence in fast-growing North Texas markets. Nelson Bros. operates 9 ready-mix plants and 124 mixer trucks, strengthening Suncrete's ready-mix concrete logistics and distribution platform.
Key Highlights
- Suncrete, Inc. acquired 100% of Nelson Bros. Ready Mix, LLC and its subsidiary R & R Trucking LLC.
- The aggregate consideration included 1,296,456 shares of Class A Common Stock issued to sellers.
- A net cash payment of $42.3 million was made at closing.
- Sellers are eligible for a contingent earnout payment of up to $18.0 million based on performance.
- Nelson Bros. operates 9 ready-mix plants and 124 mixer trucks in eight North Texas markets.
- This is Suncrete's second acquisition in Texas, expanding its footprint under Hope Concrete.
- Nelson Bros. has been operating for 75 years, providing services for infrastructure, commercial, and residential customers.