Arcosa Inc., a provider of infrastructure-related products and solutions, has purchased StonePoint Ultimate Holding LLC, an aggregates company that provides crushed stone, sand and gravel to diverse end markets, including infrastructure, commercial and residential construction and energy, and affiliated entities, from Sun Capital Partners Inc., a private investment firm focused on defensible businesses in growing markets with tangible performance improvement opportunities.
“Sun Capital has been a great partner, not just in building StonePoint as a standalone business, but also in accelerating our growth over the past three years,” said Colin Oerton, CEO of StonePoint. “The expansion of our footprint and the healthy pipeline of projects we have developed made us a very attractive acquisition target for strategic buyers.”
“Our work with StonePoint underscores our strength in partnering with outstanding management teams to drive market share growth, enhance operations and capitalize on new opportunities,” said Marc Leder, co-CEO of Sun Capital. “We worked closely with the StonePoint team to complete three strategic acquisitions that provided substantial financial and operating synergies and strengthened the Company’s competitive position.”