m_and_a
confidence high
sentiment negative
materiality 0.70
Suncrete completes Nelson Bros. acquisition; target's 2025 sales $102.5M, net loss $2.0M
Suncrete, Inc.
- Target Nelson Bros. Ready Mix had 2025 sales of $102.5M, down ~29% from $143.9M in 2024.
- Net loss for 2025 was $1.98M vs $0.98M loss in 2024; gross profit fell to $8.34M from $12.35M.
- Total assets of $60.8M, liabilities $43.9M, partners' capital $16.8M at Dec 31, 2025.
- Accounts receivable from related parties were $18.3M; cash and restricted cash $4.3M.
- Audited financials and pro forma combined statements filed for the acquisition closed May 6, 2026.