This acquisition will add two new ready-mix concrete plants and a quarry to the family-owned company's 23 existing Michigan locations.
CEO Jeff Hollingshead said: "We are excited to announce the acquisition of Darby Ready Mix. They have a history of great service and quality, and we look forward to welcoming them to our team. With our current network of quarries and ready-mix plants across Michigan, this acquisition bolsters our market position in the state. It enables us to provide better service to our existing customers."
In addition to the ready-mix plants, SRM Materials, the aggregate division of SRM Concrete, has acquired Clinton-Tecumseh Aggregates, a sand and gravel quarry in Lenawee County. This addition marks the company's second quarry in Michigan and the 17th nationwide.
SRM Materials president Ryan Hollingshead said: "We are thrilled to have added another quarry in Michigan to help supply the needs of our concrete plants. Not only did we gain a great mining site, but we gained a great team as well."
SRM Concrete is the largest privately-owned ready-mix concrete manufacturer in the country. Established in 1999 by Mike and Melissa Hollingshead in Smyrna, Tennessee, the family-owned company owns and operates an expansive network of ready-mix concrete plants, quarries, cement terminals, and other ancillary services.
SRM Concrete focuses on providing building material services across the commercial and residential construction segments. The business has pursued an active acquisition strategy, having successfully acquired and integrated over seventy companies since 2005. SRM currently has over five thousand team members with sixteen state locations.
