FMI Announces Sale of Whitaker Contracting to Vulcan Materials Company

Transaction Includes Four Aggregates Quarries, Three Hot-Mix Asphalt Plants, Paving/Contracting Operations and a Pavement Preservation Division

FMI Capital Advisors is pleased to announce the sale of Whitaker Contracting Corp. to Vulcan Materials Company, a leading producer of construction aggregates. FMI Capital Advisors served as the exclusive financial advisor to Whitaker Contracting for this transaction.

Founded in 1957, Whitaker Contracting is an aggregates producer, asphalt producer, and asphalt paving and maintenance contractor based in Guntersville, Alabama. The company offers products and services for projects that range from large department of transportation work to smaller private jobs. The transaction includes four quarries, three asphalt plants and Whitaker’s contracting and pavement preservation business.

“FMI leveraged their deep knowledge in the construction materials space to secure a successful partnership with Vulcan,” said Lenn Morris, Executive Vice President of Whitaker Contracting. “Their role was pivotal in communicating the value of our business to potential buyers, and we couldn’t be more pleased with the outcome."

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:
George Reddin
Managing Director
919.349.1919
[email protected]

Rob Mineo
Managing Director
919.539.6861
[email protected]