Who Owns US Concrete?

US Concrete was founded in 1999 as an independent ready-mixed concrete producer, formed through the consolidation of several regional concrete businesses. The company was established with a strategy of building a national ready-mixed concrete platform by acquiring and integrating regional concrete producers in high-growth metropolitan markets.

Ready-mixed concrete is a fundamental construction material used in foundations, slabs, walls, and structural elements across residential, commercial, and infrastructure construction. The ready-mixed concrete market is highly fragmented, with thousands of local and regional producers serving geographically defined markets. US Concrete's consolidation strategy sought to build scale in selected high-growth markets where population growth and construction activity created sustained demand.

US Concrete went public on NASDAQ under ticker USCR and grew through a combination of organic growth and acquisitions, building a presence in major metropolitan markets including New York City, San Francisco Bay Area, Washington D.C., Dallas-Fort Worth, and other high-growth regions. The company's focus on high-growth metropolitan markets differentiated it from more geographically diversified concrete producers.

The New York City market was particularly significant for US Concrete, as the city's dense urban construction environment, high-rise building activity, and infrastructure investment created strong demand for ready-mixed concrete. US Concrete operated a network of concrete plants in the New York metropolitan area serving major construction projects.

Throughout the 2000s and 2010s, US Concrete expanded its metropolitan market presence through acquisitions and organic growth. The company developed expertise in high-performance concrete formulations for demanding urban construction applications, including high-strength concrete for high-rise buildings and specialized mixes for infrastructure projects.

By 2021, US Concrete had revenues of approximately $1.5 billion and operated in several major metropolitan markets. The company's high-growth market focus and metropolitan concrete expertise made it an attractive acquisition target for Vulcan Materials, which was seeking to expand its downstream concrete business and gain exposure to high-growth urban markets.

In June 2021, Vulcan Materials Company completed the acquisition of US Concrete for approximately $1.3 billion. The acquisition was Vulcan's largest at the time and represented a significant expansion of its ready-mixed concrete operations. Vulcan's strategic rationale was to combine US Concrete's metropolitan market concrete operations with Vulcan's aggregate supply, enabling vertical integration that could improve margins and strengthen customer relationships.

Following the acquisition, US Concrete continued to operate under its established brand identity within Vulcan Materials' portfolio. The US Concrete brand carries recognition among contractors and construction companies in its metropolitan markets, and Vulcan has maintained it as a distinct operating brand.