The Firm represented Summit Materials, Inc. (NYSE: SUM) in connection with a secondary offering of 12,500,000 shares of class A common stock by certain selling stockholders at a public offering price of $20.75 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 40 acquisitions and continues to pursue growth opportunities in new and existing markets.
The Simpson Thacher team included Edgar Lewandowski, Ed Tolley and Ashley Yoon (Capital Markets); Jim Cross (M&A); Gary Mandel and Drew Purcell (Tax); Greg Grogan and Jennifer Pepin (Executive Compensation and Employee Benefits); Michael Isby (Environmental); and James Rapp (Public Company Advisory Practice).