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.

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