The Firm represented Summit Materials, Inc. (NYSE: SUM) in connection with a secondary offering of 10,000,000 shares of class A common stock by certain selling stockholders at a public offering price of $20.15 per share.
Summit, a portfolio company of The Blackstone Group L.P. and Silverhawk Capital Partners, LLC, is one of the fastest growing construction materials companies in the United States. Summit supplies aggregates, cement, ready-mixed concrete and asphalt in the United States and British Columbia, Canada. Since its first acquisition approximately six years ago, Summit Materials has completed more than 35 acquisitions and continues to pursue growth opportunities in new and existing markets.
The Simpson Thacher team included Edgar Lewandowski, Ed Tolley, Daniel Areshenko and Ashley Yoon (Capital Markets); Wilson Neely and Jim Cross (M&A); Gary Mandel, Jonathan Cantor and Drew Purcell (Tax); Greg Grogan, Jeanne Annarumma, Jennifer Pepin and Joo Hyun Lee (Executive Compensation and Employee Benefits); Alden Millard, Brian Gluck and Chinh Vo (Credit); Steven Homan and Josh Bergman (Funds); Michael Isby (Environmental); and Joia Lee and James Rapp (Public Company Advisory Practice).