Harris Williams & Co., a middle market investment bank focused on the advisory needs of clients worldwide for 25 years, announces the pending sale of Boxley Materials Company to Summit Materials. Boxley is an aggregates-intensive, vertically integrated construction materials company. Harris Williams & Co. is serving as the exclusive advisor to Boxley.
“Over more than a century, Boxley has built one of the premier, vertically integrated construction materials businesses in the Mid-Atlantic,” said John Neuner, a managing director at Harris Williams & Co. “We are excited to have helped the management team and shareholders find a partner that embraces Boxley’s strong heritage in the region and will continue to grow the business.”
Headquartered in Roanoke, VA, Boxley is a vertically integrated producer of construction materials, primarily supplying aggregate, ready-mix concrete, asphalt and paving, and architectural products in central and southwestern Virginia. Boxley’s high-quality products, superior customer service and strong culture make it the supplier of choice in its markets.
Summit Materials is a leading vertically integrated construction materials company that supplies aggregates, cement, ready-mixed concrete and asphalt in the U.S. and British Columbia, Canada. Summit Materials is a geographically diverse, aggregates-based business of scale that offers customers a single-source provider of construction materials and related downstream products in the public infrastructure, residential and nonresidential end markets. Summit Materials has completed more than 35 acquisitions since its founding and continues to pursue growth opportunities in new and existing markets.