Inlet Capital Group Advises U.S. Concrete on Sale of Precast Concrete Operation
JUPITER, FL (June 3, 2015) – Inlet Capital Group announced today that it served as the exclusive financial advisor to U.S. Concrete, Inc. (“U.S. Concrete”) in the divestiture of the U.S. Concrete Precast Group (“USCPG” or the “Company”) to Architectural Precast Innovations, Inc. (“API”). The sale represents the completion of U.S. Concrete’s efforts to exit non-core precast businesses. The transaction was led by Greg Dayko, who oversees the firm’s strategy consulting and transaction advisory practices.
Headquartered in Middleburg, Pennsylvania, USCPG is a premier provider of highly customized architectural precast in Pennsylvania, New Jersey, New York, Connecticut and Maryland. With an operating history of more than 50 years, the Company is a trusted supplier of custom architectural products to the residential, commercial and infrastructure construction sectors, with schools, apartments, office buildings, parking garages and bridges among many end uses. USCPG is the first acquisition by API, which was formed by private investors with more than 50 years of collective experience in the architectural precast and building products industries.
“We are pleased to have had the opportunity to work with U.S. Concrete on this transaction,” said Dayko. “We believe U.S. Concrete’s exit from precast will sharpen its focus on core ready-mixed concrete and aggregate operations.”
U.S. Concrete serves the construction industry in several major markets in the United States through its two business segments: ready-mixed concrete and aggregate products. It operates 140 ready-mixed concrete plants, 16 volumetric ready-mixed concrete facilities and 10 producing aggregates facilities. During 2014, U.S. Concrete sold approximately 5.7 million cubic yards of ready-mixed concrete and approximately 4.7 million tons of aggregates.
Inlet Capital Group, LLC provides strategy consulting and transaction advisory services exclusively to the construction materials and mining industries. Founded and managed by industry insiders, the firm offers in-depth insight, practical solutions and efficient execution to its clients throughout the United States.