Summit Materials (NYSE: SUM), a leading producer of aggregates and cement, has completed its previously announced merger with Quikrete Holdings. The transaction values Summit at $52.50 per share in cash, representing a total enterprise value of approximately $11.5 billion, including debt.
Following the completion of the merger, Summit Materials has ceased trading on the NYSE and has become a privately held subsidiary of Quikrete. Morgan Stanley & Co. and Evercore served as financial advisors to Summit, while Wells Fargo acted as exclusive financial advisor to Quikrete and provided debt financing commitment for the merger.
Summit Materials (SUM) Completes $11.5B Merger with Quikrete, Goes Private | SUM Stock News
