Description of Transaction
Sequeira Partners was engaged to assist with the sale of Mainland Sand & Gravel Ltd. to address long-term ownership succession, and to assist with identifying a strategic partner for the company’s next phase of growth. Sequeira provided advisory assistance to Mainland through a structured sale process including pricing, approaching targets, due diligence support, the negotiation of transaction terms and final deal completion.
Mainland Sand & Gravel Ltd.
Founded in 1970, Mainland Sand & Gravel Ltd. is a leading supplier of construction aggregates in the Lower Mainland region of BC. The company operates two rock quarries and four distribution yards located along the Fraser River. Mainland supplies aggregates to a broad spectrum of the construction industry covering everything from one load of sand for a backyard repair to over a million tonnes of base gravels to build the South Fraser Perimeter Road.
Summit Materials is a leading aggregates based construction materials company that supplies aggregates, cement, ready-mixed concrete and asphalt, and provides paving and other services. Summit Materials was formed in 2009 and since then has completed over 30 acquisitions, which are organized into ten operating companies in three geographic regions across the United States and Western Canada. Summit is committed to promoting the success of its businesses by offering a safe place to work and implementing best practices, while striving to exceed its environmental and social responsibilities.