Summit Materials Announces Acquisitions in Utah and Kansas

Tue Apr 2, 2013 11:09pm EDT

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WASHINGTON--(Business Wire)--
Summit Materials ("Summit") is pleased to announce the acquisition of Westroc,
Inc. ("Westroc"), an aggregates and ready-mix concrete company in Utah, and the
purchase of certain aggregates, ready-mix concrete, asphalt and paving assets
based in Wichita, Kansas from Lafarge North America, Inc. ("Lafarge, Wichita
Assets"). Summit acquired mineral reserves in excess of 100 million tons through
these transactions. 

Westroc, based in Pleasant Grove, Utah, operates two aggregates sites and seven
ready-mix concrete plants along the Wasatch Front. The Lafarge, Wichita Assets
are comprised of two aggregates operations, three ready-mix concrete plants and
one asphalt plant located in metro Wichita and the broader southeast Kansas
area. 

Tom Hill, CEO of Summit, commented, "We are delighted to welcome these
businesses and their employees to Summit. They expand our footprint in Utah and
Kansas and we look forward to continuing to provide the highest quality products
and services to our many valued customers." 

About Summit Materials 

Summit Materials was formed in 2009 to develop a leading business in the
aggregates and heavy-side building materials sector through strategic
acquisitions. Summit Materials was founded by its CEO Tom Hill and a group of
investors that include members of its management team, Blackstone Capital
Partners V L.P., and Silverhawk Capital Partners. Tom Hill is the former CEO of
Oldcastle Inc., the U.S. division of CRH, Plc. To date Summit Materials has
completed over 20 acquisitions, and through its three regions, East, Central,
and West, it conducts operations in Kentucky, Tennessee, Virginia, Kansas,
Missouri, Illinois, Iowa, Utah, Idaho, Wyoming, Colorado, Texas, Arkansas, and
Oklahoma. Further information is available at www.summit-materials.com. 

About The Blackstone Group 

Blackstone (NYSE: BX) is one of the world`s leading investment and advisory
firms. Blackstone seeks to create positive economic impact and long-term value
for its investors, the companies it invests in, the companies it advises and the
broader global economy. The firm accomplishes this through the commitment of its
people and flexible capital. Blackstone`s alternative asset management
businesses include the management of private equity funds, real estate funds,
hedge fund solutions, credit-oriented funds and closed-end mutual funds. The
Blackstone Group also provides various financial advisory services, including
financial and strategic advisory, restructuring and reorganization advisory and
fund placement services. Further information is available at www.blackstone.com.


About Silverhawk Capital Partners 

Silverhawk is an independent investment group established in 2005 to invest in
management buyouts and other private equity transactions in the Industrial,
Energy/Natural Resources and Business Service sectors. The partners of
Silverhawk have invested as a team and operated businesses since 1989. Further
information is available at www.silverhawkcapitalpartners.com.

For Summit Materials:
Michael Brady, 202-339-9509
or
For Blackstone:
Christine Anderson, 212-583-5182
or
For Silverhawk:
Ted Gardner, 704-409-3334 

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