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FGS Global handles Summit Materials as the Denver-based aggregates and cement company agrees to be acquired by Quikrete Holdings for $11.5B.
The $52.5 per share takeover offer represents a 36 percent premium over Summit’s average stock price over the past three months.
The merger with Quikrete’s concrete & cement business will forge a vertically integrated construction materials powerhouse.
The transaction “is a testament to our stellar strategic and financial performance, and agile operational and commercial execution," said Ann Noonan, Summit’s CEO.
Privately held Quikrete is based in Atlanta, and owns brands such as Quikrete, Rinker Materials, US Pipe, Keystone Hardscapes, Spec Mix and Pavestone that serve the commercial, residential and infrastructure sectors in the US and Canada.
The merger, which is subject to Summit shareholder approval, is expected to be completed during the first half of next year.
FGS Global has Jim Barron, Benjamin Spicehandler and Danielle Berg working the Summit account.
Prosek Partners hires FTI Consulting vet David Roady to build and deepen its relationships in the corporate sector, particularly with chief communications officers and C-suite executives.
Kekst CNC handles Crestview Partners as the private equity firm acquires Tailwind Hospitality, operator of food, beverage and retail concessions in non-hub and regional airports, from Palladin Consumer Retail Partners.
FGS Global heads the list in Mergermarket’s ranking of the top PR advisors in M&A deals for 2025. Joele Frank, Brunswick Group follow.
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The Walt Disney Company is bringing on Benjamin Swinburne as EVP of investor relations and corporate strategy.
