m_and_a
confidence high
sentiment positive
materiality 0.75
Suncrete completes acquisition of Hope Concrete (10 plants, 88 trucks) for $39.4M + equity
Suncrete, Inc.
- Acquires 100% of Hope Concrete, a ready-mix concrete operator with 10 plants and 88 mixer trucks in North Texas and Southern Louisiana.
- Total consideration: $39.4M cash plus rollover equity (220,007 shares to Mikytuck; 695,110 shares issuable to Foley).
- Foley family continues as equity holders and operational leaders, providing local market expertise.
- Expands Suncrete's footprint into Texas and Louisiana; serves as platform for future acquisitions in the region.
- Deal closed on April 28, 2026; required financial statements to be filed within 71 days.