H.I.G. Keeps Building ACG Materials
Search

H.I.G. Keeps Building ACG Materials

ACG Materials, a portfolio company of H.I.G. Capital, has acquired Kitsap Reclamation and Materials.

Kitsap is a miner and processor of aggregate products that are used in infrastructure, building products and landscaping applications. The company, founded in 1993, operates a basalt quarry in Bremerton, WA.

ACG Materials is a diversified minerals miner and processor with 21 mines, 4 downstream processing facilities and over 500 million tons of reserves across Oklahoma, Texas, Florida, Kansas, Missouri, Nevada, Washington, and British Columbia. The company supplies varying grades of gypsum, anhydrite, limestone, caliche, sand & gravel, and aggregate products that serve industries such as building products (wallboard, plasters, decorative home goods), agriculture (fertilizer), infrastructure (roads, bridges), oil & gas (roads and well pads) and food & pharmaceuticals (animal feed, beer, baked goods). ACG Materials was founded as Harrison Gypsum in 1955 and is headquartered in Norman, OK (www.acgmaterials.com).

“We are excited to further strengthen our position as a leading industrial mineral and aggregate producer in the Pacific Northwest,” said Paul Harrington, Chief Executive Officer of ACG. “Kitsap will expand our strategic footprint within the region and provide complementary products to serve our growing customer base in that area.”

Kitsap is ACG’s ninth add-on acquisition since H.I.G. acquired the company in 2012. “We are pleased to support ACG in its acquisition of Kitsap,” said Keval Patel, a Managing Director of H.I.G. “The investment continues our successful track record of acquiring leading mining and processing operations in attractive, high growth markets.”

H.I.G. specializes in providing capital to small and medium-sized companies and invests in management-led buyouts and recapitalizations of manufacturing and service businesses. H.I.G. has more than $25 billion of capital under management. The firm is based in Miami with additional offices in New York, Boston, Chicago, Dallas, Los Angeles, San Francisco, Atlanta, London, Hamburg, Madrid, Milan, Paris, Bogotá, Mexico City and Rio de Janeiro (www.higcapital.com).

© 2018 Private Equity Professional | May 24, 2018

To search in site, type your keyword and hit enter