RALEIGH, N.C., May 24, 2018 /PRNewswire/ -- FMI Capital Advisors is pleased to announce the sale of Midwest Minerals, LLC to Summit Materials, LLC (NYSE: SUM, "Summit" or the "Company"). FMI Capital Advisors acted as the exclusive financial advisor to Midwest Minerals for this transaction.
Midwest Minerals, headquartered within the four state community in Pittsburg, KS, is an aggregates company with extensive, high-quality reserves. Since 1947, Midwest Minerals has provided crushed limestone aggregates and agricultural lime throughout southeast Kansas, northeast Oklahoma and southwest Missouri. The acquisition of Midwest Minerals expands Summit's market presence in southeast Kansas.
Summit Materials is a leading vertically integrated materials-based company that supplies aggregates, cement, ready-mix concrete and asphalt in the United States and British Columbia, Canada.
About FMI Capital Advisors:
FMI Capital Advisors, a subsidiary of FMI Corporation, is the leading investment banking firm serving the Construction Materials industry. With over 100 completed transactions in Construction Materials, our industry focus enables us to provide our clients with valuable insight and advice. Clients gain access to our unparalleled network of industry contacts and relationships, deep market knowledge and technical expertise, based on decades of experience.
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Managing Director, FMI Capital Advisors
SOURCE FMI Corporation