Strategies for Sustainable Growth and Resilience
Established Framework for Investment
EFFECTIVE ‘PLAYBOOK' FOR PROFITABLE GROWTH
Disciplined Approach
Focused on strategic, attractively valued acquisitions and investments for market leadership
Returns Focus
Prioritize acquisitions and investment to achieve high returns on invested capital
Bottom-up Approach
Utilize regional team to lead process for expansion and seamless platform integration under
rigorous oversight from management
RECENT ACQUISITIONS
Sweetman Const.Co
Sweetman
(2018)
Expanded into strong Sioux Falls area
Added -55mm tons of aggregate
reserves; 3 asphalt plants, 7 ready-mix
plants, with a fleet of 61 ready-mix trucks
Since acquisition, saw a 28% increase¹
in revenue and 20% increase1 in
profitability
RECENT INVESTMENTS
Prestress
(2023)
~$60mm invested
Expanded market areas to Washington
state
Increased scale and efficiencies with
existing prestress operations
Best-in-class team delivered improved
productivity across the division
EMPLOYEES
SAFETY
B
BAKER ROCK
Baker Rock
(2021)²
■
Significantly expanded presence in key
strategic growth locations surrounding
the Portland metro area
Added 88mm tons of aggregate
reserves; 4 asphalt plants
Since acquisition, saw a 60% increase in
revenue and 59% increase in profitability
Honey Creek
(2023)
Note: Represents average of first four years of ownership from 2019-2022 2 Figures pertain to primary quarry site.
KNIFE RIVER
~$63mm invested
Added 50mm tons of aggregates
reserves
Replaces aggregates previously
purchased from third parties
Strategically important to serve Texas
operations for strong market position
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