Photo courtesy of Sunroc Corp.
Arizona Metro Mix LLC (AZMM) of Mesa, Arizona, is now under the ownership of Sunroc Corp., a subsidiary of Utah-based Clyde Companies Inc.
Sunroc is based in Spanish Fork, Utah, and supplies concrete, asphalt, aggregates, masonry and other construction materials. It offers recycled concrete and asphalt products to “make it that much easier for our clients to build sustainably.”
“We believe reduce, reuse and recycle is the best policy," the company says. "Sunroc diverts millions of tons of construction waste from landfills each year. Asphalt and concrete materials are crushed and filtered to create new aggregate[s] for recycled products, and hundreds of thousands of gallons of oil have been recycled.”
Sunroc operates from seven locations in Utah, six in Idaho, and one each in Arizona (prior to the AZMM acquisition), Nevada and Wyoming.
“We are thrilled to join forces with such a reputable and community-centered company,” AZMM President Todd Armstrong says. “This acquisition opens the door to significant growth, and we look to the future with optimism and anticipation.”
Acquired assets include Arizona Metro Mix’s four ready-mix batch plants, an equipment fleet and 72 full-time employees.
“This acquisition marks the beginning of an exciting chapter for Sunroc in the Phoenix market,” Sunroc President Mark Elder says. “We bring a reputation that is known throughout the Intermountain West as providing high quality construction services and materials with unmatched customer service.”
Following the acquisition, Adam Cook, Sunroc’s vice president of construction materials, will lead Sunroc operations in Arizona.
“We look forward to creating partnerships and working with new employees, customers and communities to fulfill our mission of ‘Building a Better Community,’” Cook says.
Commerce Street Capital (CSC), a Dallas-based investment banking firm, helped conduct the sale of Arizona Metro Mix to Sunroc, serving as the sell side advisor to AZMM.
AZMM is a family-owned business that turned to CSC to assist them in finding an acquirer who could drive new growth to meet increasing demand for its products and services, CSC says.
“The Commerce Street team performed a detailed review of our business to uncover the full range of our company’s value,” Armstrong says. “Their professionalism and resourcefulness throughout the process resulted in a highly successful deal with the right strategic buyer.”
“In bringing AZMM to market, we launched a broad search of potentially suitable qualified buyers,” says Dustin Wing, managing director of Commerce Street Capital. “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.”
