Summit Materials Completes Merger with Quikrete

Acquisition Announcement - Summit Materials, Inc. has been acquired by Quikrete Holdings, Inc. for $52.50 per share in cash, totaling an enterprise value of approximately $11.5 billion, including debt [1] - Following the acquisition, Summit's common stock has ceased trading on the NYSE and will no longer be listed on any public market, becoming a privately held subsidiary of Quikrete [2] Advisory Information - Morgan Stanley & Co. LLC and Evercore are serving as financial advisors to Summit, while Davis Polk & Wardwell LLP is acting as legal advisor [3] - Wells Fargo is the exclusive financial advisor to Quikrete and has provided a debt financing commitment for the merger [3] Company Profiles - Summit Materials is a leading producer of aggregates and cement, with operations supplying ready-mix concrete and asphalt in select markets across the U.S. and British Columbia, Canada [4] - Quikrete Holdings, Inc. is a privately owned building materials company founded in 1940, offering a wide range of products for commercial construction, residential, and infrastructure markets [5]