Family-Owned Asphalt and Paving Operation Expands CRH’s Louisiana Footprint
FMI Capital Advisors is pleased to announce the acquisition of Barriere Construction Co., L.L.C. (“Barriere”) by CRH Americas Materials, Inc. (“CRH”) in the state of Louisiana. Barriere is a family-owned, vertically integrated asphalt and paving operation. FMI Capital Advisors served as the exclusive financial advisor to Barriere for this transaction, which closed on December 31, 2020.
The acquisition of Barriere expands CRH’s footprint into Louisiana. CRH plans to retain the current leadership team and employees and will continue to invest in its people and assets to better serve its customers and the Louisiana community.
“We are excited to welcome the Barriere team to the CRH family of locally operated businesses,” said Dwayne Boyd, Regional President of CRH Americas Materials. “We look forward to their continued leadership in the communities they have served in Louisiana over the last 70+ years.”
Backed by 430 employees, Barriere has served the great state of Louisiana since 1949, with asphalt plants located in Baton Rouge, Boutte, and Franklinton. It consists of three asphalt plants, a heavy civil and industrial construction line of business, sand and gravel operations, and aggregates river terminals. For more, visit www.barriere.com.
CRH (LSE: CRH, ISE: CRG, NYSE: CRH) is the leading building materials business in the world, employing c.79,000 people at c.3,100 operating locations in 30 countries. It is the largest building materials business in North America, a leading heavyside materials business in Europe and has positions in both Asia and South America. CRH manufactures and supplies a range of integrated building materials, products and innovative solutions, which can be found throughout the built environment, from major public infrastructure projects to commercial buildings and residential structures. For more, visit www.crh.com.
About FMI Capital Advisors
FMI Capital Advisors, a subsidiary of FMI Corporation, is a leading investment banking firm dedicated to the built environment. With more than 750 completed M&A transactions, our industry focus enables us to maximize value for our clients through our deep market knowledge, strong technical expertise, and an unparalleled network of industry relationships.
FMI Capital Advisors’ Construction Materials team specializes in sell-side mergers and acquisitions for the construction materials industry, including crushed stone, sand, gravel, hot mix asphalt, and ready mixed concrete.
For more information, visit FMI Capital Advisors.
FMI Capital Advisors Contact:
George H. Reddin, Managing Director
D 919.785.9286 | M 919.349.1919