BPGC Management LP acquires controlling stake in PB Materials
- Editor
- Feb 6
- 2 min read
What's Happening: A fund managed by BPGC Management LP has acquired a controlling, substantial majority stake in PB Materials Holdings, Inc., a leading producer of construction aggregates and ready-mix concrete in the Permian Basin region. The acquisition was made from certain funds managed by WL Ross & Co. LLC, with investment vehicles managed by LSV Advisors, LLC serving as lead investor partnering with BPG.
The Key Moves:
PB Materials operates 14 mine sites with nearly 300 million tons of proven aggregate reserves.
The company produces over 20 grades of aggregate used in construction, energy and infrastructure.
PB Materials operates 12 ready-mix production sites with a fleet of 120 mixer trucks, supplying more than 750,000 cubic yards of concrete annually.
By The Numbers :
PB Materials has nearly 300 million tons of proven aggregate reserves.
The company supplies more than 750,000 cubic yards of concrete annually.
PB Materials operates a fleet of 120 mixer trucks.
Key Quotes:
Stephen Toy, Co-Founder and Managing Partner of BPG, said: 'We are pleased to partner with management of PBM to further grow its leading position in West Texas. This transaction provides the Company with additional capital resources to capitalize on the highly attractive market dynamics of the region.'
Nick Peterson, Principal of BPG added: 'We believe that PBM will continue to be a critical supplier supporting the significant pipeline of industrial and infrastructure projects across West Texas. Management has a proven track record for both organic and inorganic growth.'
*KQ3*
The Bottom Line: BPGC Management LP's acquisition of a controlling stake in PB Materials positions the fund to capitalize on the growing construction and infrastructure needs in the Permian Basin region. The deal provides PB Materials with additional capital resources to expand its operations and leverage its significant aggregate reserves and concrete production capabilities.
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