BIRMINGHAM, AL (May 10, 2023) – Founders Advisors is pleased to announce that Founders exclusively advised an undisclosed client (the “Seller”) on the sale of a limestone quarry in Chico, Texas to P&K Stone, LLC. Through a highly targeted, deliberate sale process, Founders was able to find the right buyer for these assets. P&K set themselves apart through their extremely focused and creative approach to the transaction.
P&K Stone, LLC says this investment improves its ability to serve its customer base in the fast-growing North Texas market. “This acquisition allows us to create synergies with our neighboring quarry and better serve the needs of our North Texas customer base,” says Phil Holland, P&K Stone, LLC Vice President/General Manager.
“The Founders Advisors team did a great job of managing the process. They helped us obtain the information that we needed to make decisions and kept the process on track.” says Peter Dawson, P&K Stone, LLC President and owner.
P&K Stone, LLC is a privately owned supplier of aggregates to the Dallas/Ft. Worth Metroplex, offering crushed stone, manufactured sand, and recycled concrete.
Dennis Coker, Managing Director at Founders covering the Construction and Building Materials sector, noted “The sale of the Chico quarry allowed the Seller to continue to optimize its portfolio and focus on other growth opportunities.”
Founders’ Industrials Group supports their clients through deep sector expertise in Construction and Building Materials. Our team captures perspectives on relevant industry trends, unique competitive landscape shifts and key positioning insights to relevant investors. Companies in the sector continue to look at opportunities to optimize their portfolios to focus on core business lines.
Should you be exploring opportunities in the Construction and Building Materials or considering alternatives, please feel free to reach out to our team.