Dallas-based Commerce Street Capital closed the sale of concrete producer and supplier Arizona Metro Mix to Sunroc Corporation.
DALLAS, Aug. 28, 2024 /PRNewswire-PRWeb/ -- Commerce Street Capital (CSC), a middle-market investment banking firm based in Dallas, is pleased to announce the sale of Arizona Metro Mix, LLC ("AZMM" or "Arizona Metro Mix") to Sunroc Corporation, a subsidiary of Clyde Companies, Inc. CSC served as sell-side advisor to AZMM.
Arizona Metro Mix is a leading ready-mix concrete production and delivery company serving the construction industry in the Phoenix Metropolitan Area for over 20 years. AZMM operates four ready-mix batch plants that supply standard and customized mixes for commercial, large residential and industrial projects.
A family-owned business, Arizona Metro Mix turned to Commerce Street Capital to assist them in finding an acquirer who could drive new growth to meet increasing demand for its products and services.
"The Commerce Street team performed a detailed review of our business to uncover the full range of our company's value. Their professionalism and resourcefulness throughout the process resulted in a highly successful deal with the right strategic buyer," said Todd Armstrong, President and owner of Arizona Metro Mix.
Utah-based Sunroc Corporation offers construction services and supplies concrete, asphalt, aggregate, masonry, and other construction materials. "This acquisition marks the beginning of an exciting chapter for Sunroc in the Phoenix market," said Mark Elder, president of Sunroc in a recent announcement of the transaction.
"In bringing AZMM to market, we launched a broad search of potentially suitable qualified buyers. Our ability to create a robust competitive process allowed us to identify Sunroc, who proved to be the best fit for our client's business in its next chapter of growth." said Dustin Wing, Managing Director, Commerce Street Capital.
About Commerce Street Capital
CSC's investment banking group offers a full suite of advisory services including mergers and acquisitions, joint ventures, spin-offs, divestitures, management buyouts, recapitalizations and other restructurings. The team consists of former business owners, bankers, and corporate executives who focus on the strategic needs of privately held companies. Commerce Street Capital is known for building long-term client relationships based on integrity, proficiency and trust.
Securities offered by Commerce Street Capital, LLC Member FINRA/SIPC
Media Contact
Dustin Wing, Commerce Street Capital, 1 580-651-7013, [email protected], https://commercestreetholdings.com/
SOURCE Commerce Street Capital
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