M&A
confidence high
sentiment positive
materiality 0.85
Martin Marietta completes asset exchange with Quikrete; gets aggregates ops, $450M cash
MARTIN MARIETTA MATERIALS INC
- Acquired aggregates operations producing ~20M tons/year in VA, MO, KS, and Vancouver, BC plus $450M cash.
- Quikrete acquired Midlothian cement plant and Texas ready-mix assets; tax-efficient exchange.
- Updated 2026 guidance: revenues $7.16B, adjusted EBITDA $2.43B, capex $575M.
- Aggregates volume growth 12% (2% organic); ASP growth 2.5% (organic 5%).
- CEO calls it largest aggregates acquisition in company history and capstone to SOAR 2025 plan.