FMI Advises Geofortis in Sale to Ash Grove

FMI Capital Advisors is pleased to announce the sale of Geofortis, a leading producer of natural pozzolans, to Ash Grove, a CRH Company. FMI Capital Advisors served as the exclusive sell-side financial advisor for the transaction.

Operating in Tooele, Utah, Geofortis is known for its innovative processing and sale of natural pozzolan products, which help to lower the carbon of cement and improve the performance of concrete. Its acquisition expands Ash Grove’s portfolio of sustainable building materials and strengthens its position in the Western United States.

Dave Jarrett, founding CEO of Geofortis said: “FMI leveraged their experience and expertise throughout the process to maximize stakeholder value. We are extremely pleased with our collaboration with FMI and thrilled with the results. CRH has been an exceptional partner throughout, providing a great new home for our employees and management."

About FMI Capital Advisors:
FMI Capital Advisors has fully dedicated and deeply experienced investment banking teams advising clients on merger and acquisition (M&A) transactions across the built environment. We maximize value for our clients through deep market knowledge, strong technical expertise and an unparalleled network of industry relationships. Our Construction Materials team has a combined 35 plus years of experience and has completed more than 100 transactions in the sector. For more information, visit fmicapitaladvisors.com.

FMI Capital Advisors Contacts:
Rob Mineo
Managing Director
919.539.6861
[email protected]

George Reddin
Managing Director
919.349.1919
[email protected]