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News/May 24, 2017

FMI Advises Graymont Materials Inc. On Sale of Assets to Upstone Materials Inc.

Raleigh, NC-

FMI Advises Graymont Materials (NY) Inc. On Sale of Assets to Upstone Materials Inc. (a Colas USA company)

FMI Capital Advisors, a subsidiary of FMI Corporation, is pleased to announce that Upstone Materials Inc. (a Colas USA company) (“Upstone”) has acquired the assets of Graymont Materials (NY) Inc. (“Graymont”). FMI Capital Advisors acted as the exclusive financial advisor to Graymont.

Graymont’s New York Materials operations are focused on providing construction stone, sand and gravel, asphalt products and ready-mix concrete to meet infrastructure and general construction needs in the region. Graymont is an emerging global leader in the supply of lime and limestone products. It serves major markets throughout the United States and Canada, and has extended its reach into the Asia-Pacific region. Graymont also has a significant investment in Grupo Calidra, the largest lime producer in Mexico.

Upstone is a member of the Barrett Industries Group, which is comprised of a number of subsidiary companies that provide diverse solutions to customers in the paving, aggregates and construction businesses. Barrett Industries is a subsidiary of Colas USA, a leader in transportation infrastructure construction and maintenance

About FMI Capital Advisors:

FMI Capital Advisors, a subsidiary of FMI Corporation, is the leading investment banking firm serving the Construction Materials industry. With over 100 completed transactions in Construction Materials, our industry focus enables us to provide our clients with valuable insight and advice. Clients gain access to our unparalleled network of industry contacts and relationships, deep market knowledge and technical expertise, based on decades of experience.

FMI Capital Advisors Contact:

George Reddin, Managing Director
Greddin@fminet.com
919-785-9286

Marvin Roeder, IB Associate
Mroeder@fminet.com
919-785-9350

About FMI Corporation:

For over 60 years, FMI has been the leading management consulting and investment banking firm dedicated exclusively to engineering and construction, infrastructure and the built environment.

FMI serves all sectors of the industry as a trusted advisor. More than six decades of context, connections and insights lead to transformational outcomes for clients and the industry.

FMI helps you build your foundation for tomorrow and optimize your business for today. Industry Focus. Powerful Results.

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