Vulcan Materials Co. purchased Syar Industries, an aggregate producer headquartered in Napa, California.
FMI Capital Advisors, which served as the financial advisor to Syar on the deal, reported the transaction.
According to FMI, Syar is one of the largest independently owned construction materials producers of scale in northern California. The company offers construction aggregates, recycled materials, hot-mix asphalt and ready-mixed concrete.
“Working with the team at FMI Capital Advisors, we were able to find the best strategic fit and obtain a fair valuation during the sale process,” says Jim Syar, president of Syar Industries. “We were pleased with the attention to detail and client service, and we’re excited to see the integration of Syar and Vulcan.”
Vulcan reported its second-quarter 2022 performance results earlier this month, noting that aggregate sales, shipments and gross profit all increased.
