UK-based Breedon Group acquired US-company BMC

BMC Concrete

The UK-based Breedon Group announced the acquisition of US-company BMC Enterprises Inc. for US$ 300m. BMC (Breckenridge Material Company) is a leading supplier for RMC, aggregates and building products in Missouri, in the fragmented US-market, operating 5 stone quarries, 7 sand and gravel facilities (including river dredging), more than 40 ready-mixed concrete plants (photo) and 9 building products facilities. Missouri is expected to see significant investments in the coming years and BMC has a diverse range of customers. The price for BMC represents circa 8.5x the unaudited adjusted EBITDA of 2023. The management team will remain with the business, after the takeover.