Cowen is pleased to announce that LC Materials has been acquired by Smyrna Ready Mix Concrete, LLC (“SRM”). Cowen acted as the exclusive financial advisor to LC Materials on the sale transaction.
LC Materials is a leading, vertically integrated supplier of ready-mix concrete and aggregates for commercial infrastructure and residential building markets. Formed through the 2015 merger of Cornillie Concrete and LC Redi-Mix, LC Materials operates 14 plants and 65+ trucks throughout Northern Michigan. The Company is headquartered in Cadillac, Michigan.
SRM provides a full line of ready mix concrete products and services, operating in several states including Alabama, Arkansas, Florida, Georgia, Indiana, Kentucky, Ohio, South Carolina, Tennessee and Texas. SRM was founded in 1999 and is headquartered in Nashville, Tennessee.