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CalPortland Company acquires aggregate and ready-mixed concrete business assets of Grimes Rock, Inc. in Southern California

Jan 06, 2025•11 months ago

Acquiring Company

CalPortland Company

Acquired Company

Grimes Rock

California

Description

CalPortland Company has completed the acquisition of the aggregate and ready mixed concrete business assets of Grimes Rock, Inc. and its affiliates located in Ventura County, California. This strategic acquisition will enhance CalPortland's geographic footprint in Southern California, reinforcing its commitment to providing sustainable, Quality Unsurpassed building materials to its customers.

Company Information

Company

CalPortland Company

About

CalPortland Company is a major producer of cement, ready mixed concrete, aggregates, concrete products, and asphalt in the western United States and Canada. Founded in 1891, CalPortland remains a leader in the industry through its commitment to quality, safety, customer service, technical excellence, and environmental leadership. The company maintains its headquarters in Summerlin, Nevada.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed