Who Owns Wake Stone?
Wake Stone is owned by Vulcan Materials Company, the nation's largest producer of construction aggregates. Wake Stone was acquired by Vulcan Materials in September 2024, making it a wholly-owned subsidiary of the publicly traded Vulcan Materials Company. The company specializes in innovative aggregate extraction and processing operations.
Parent Company
Vulcan Materials Company
Acquired
2024
Status
Publicly Traded
Headquarters
United States
Who Owns Wake Stone?
- Parent Company: Vulcan Materials Company
- Ownership Type: Wholly owned
- Acquisition Year: 2024
- Company Type: Publicly Traded
- Stock Ticker: NYSE: VMC
| Brand | Parent Company | Ownership Type |
|---|---|---|
| Wake Stone | Vulcan Materials Company | Wholly owned |
History of Wake Stone
- Founded: 2005
- Founders: Wake Stone Inc. (internal development)
- Acquired by Vulcan Materials Company: 2024
Wake Stone was founded in 2005 as an independent crushed stone producer in North Carolina. The company was established to serve the construction aggregates market in the Research Triangle region of North Carolina, which encompasses Raleigh, Durham, and Chapel Hill and is one of the fastest-growing metropolitan areas in the United States.
North Carolina's Research Triangle region has experienced sustained population growth and economic expansion driven by technology, life sciences, and financial services employment, creating strong demand for construction materials to support residential development, commercial construction, and infrastructure investment. Wake Stone positioned itself to serve this growing market with crushed granite aggregate from quarry operations in the region.
Granite is a high-quality aggregate material valued for its hardness, durability, and resistance to weathering, making it suitable for demanding applications including road base, concrete aggregate, and drainage stone. Wake Stone's quarry operations in North Carolina's Piedmont region, which has significant granite geology, provided access to high-quality aggregate deposits to serve the growing construction market.
Throughout the 2010s and early 2020s, Wake Stone expanded its quarry operations and customer base in North Carolina, building relationships with contractors, municipalities, and construction companies serving the Research Triangle's growing population and infrastructure needs. The company developed a reputation for reliable supply and quality products in a market where consistent aggregate supply is critical to construction project scheduling.
By 2024, Wake Stone had established itself as a significant regional aggregate producer in North Carolina. The company's quarry reserves, customer relationships, and market position in the high-growth Research Triangle region made it an attractive acquisition target for Vulcan Materials, which was seeking to expand its presence in fast-growing southeastern markets.
In September 2024, Vulcan Materials Company acquired Wake Stone as part of its strategy to add aggregate reserves and production capacity in high-growth markets. The acquisition aligned with Vulcan's broader strategy of expanding in markets where population growth and infrastructure investment are expected to drive sustained demand for construction aggregates. Following the acquisition, Wake Stone continued to operate under its established brand identity within Vulcan Materials' East Division.
About Vulcan Materials Company
Vulcan Materials Company is the nation's leading producer of construction aggregates, primarily crushed stone, sand, and gravel. The company serves the construction industry through three primary business segments: Aggregates, Asphalt Mix, and Ready-Mixed Concrete. Vulcan's aggregates are essential materials used in virtually all types of public and private construction projects, including highways, airports, buildings, and infrastructure development.
Headquartered in Birmingham, Alabama, Vulcan operates a geographically diverse network of over 300 production facilities across the United States. The company has strategically expanded its operations through targeted acquisitions, including US Concrete (2021), CalMat (1998), and Shamrock Materials (2017), strengthening its position in ready-mixed concrete and regional aggregates markets.
- Founded: 1956
- Headquarters: Birmingham, Alabama, USA
- Company Type: Publicly Traded
- Stock: NYSE: VMC
Where Is Wake Stone Made / Based?
- Headquarters: United States
- Manufacturing / Operations: United States
Brands Owned by Vulcan Materials Company
- Aggregates USA - Integrated aggregates sourcing and logistics company providing crushed stone, sa...
- CalMat - Major producer of asphalt and ready-mixed concrete based in California, serving ...
- Shamrock Materials - Diverse construction materials producer providing aggregates, asphalt, and ready...
- Superior Ready Mix - Advanced ready-mixed concrete producer providing high-performance concrete solut...
- US Concrete - Leading ready-mixed concrete producer in the United States providing high-perfor...
Wake Stone Ownership: Pros & Cons
Advantages
- +Access to Vulcan Materials' national scale in procurement, equipment, and operational expertise
- +Vulcan's FY2024 net revenues of approximately $7.7 billion reflecting strong parent company financial health
- +North Carolina Research Triangle market position in one of the fastest-growing metropolitan areas in the United States
- +High-quality granite aggregate geology providing durable, premium aggregate products
- +Vulcan's investment capacity supporting continued quarry development and reserve expansion
- +Integration with Vulcan's broader construction materials portfolio
Considerations
- -North Carolina construction market subject to cyclical fluctuations tied to housing and commercial development
- -Aggregate quarry permitting is time-consuming and subject to community and regulatory opposition
- -Competition from Martin Marietta Materials and regional North Carolina aggregate producers
- -Dependence on Vulcan Materials' strategic priorities and capital allocation decisions
- -Recent acquisition means integration into Vulcan's operational systems is still ongoing
Frequently Asked Questions About Wake Stone
Vulcan Materials Company Stock Information
Jobs at Vulcan Materials Company
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