PB Materials Holdings, a Texas based aggregates and ready mix concrete supplier, has bought ARM Concrete, Kermit Concrete and WUUD Aggregate.
ARM Concrete and Kermit Concrete supply of ready-mix concrete in Lubbock, TX and Kermit, TX and the surrounding markets. WUUD Aggregate provides sand and gravel in the Permian Basin and has a significant reserve position in the region.
The combined assets acquired by PBM will add to PB Materials’ current operations by providing additional vertical integration in West Texas and Eastern New Mexico and expanding the company’s existing aggregate and ready-mix concrete operations in its core markets.
Christopher Crouch, chief executive, PBM said: “We are excited to add this group of assets and welcome the employees of the three businesses to the PBM team. The operations are a sound fit with our existing strategic asset base in the Permian Basin and further allow PB Materials to provide high quality service and construction materials to our customers in the region.”
PB Materials is majority owned by funds managed by WL Ross & Co.