Vulcan Materials Co. purchased Alabama-based Whitaker Contracting in a deal that includes four quarries, three hot-mix asphalt plants, paving and contracting operations, and a pavement preservation division.
FMI Capital Advisors, which served as the financial advisor to Whitaker Contracting on the deal, reported the sale.
Founded in 1957, Whitaker Contracting is an aggregate producer, asphalt producer, and asphalt paving and maintenance contractor based in Guntersville, Alabama. The company offers products and services for projects ranging from large department of transportation work to smaller private jobs.
“FMI leveraged their deep knowledge in the construction materials space to secure a successful partnership with Vulcan,” says Lenn Morris, executive vice president of Whitaker Contracting. “Their role was pivotal in communicating the value of our business to potential buyers, and we couldn’t be more pleased with the outcome.”
