U.S. Concrete Inc. recently announced that it has completed the acquisition of two companies with estimated combined revenues for the next 12 months of approximately $20 million. Both companies will immediately be integrated into U.S. Concrete’s existing operations. The acquisitions were accounted for under the purchase method of accounting. No other terms were disclosed.

These transactions include the purchase of ready-mixed concrete assets of Dallas/ Ft. Worth-based L.H. Lacy Company, including a new state-of-the-art ready-mixed concrete facility. This acquisition expands U.S. Concrete’s presence into the high growth market of North Dallas/Ft. Worth and is expected to increase the company’s fleet utilization in the Dallas/Ft. Worth area.

U.S. Concrete also acquired Central Concrete Corp. and Central Industries Red Bank Inc., which produce ready-mixed concrete and other concrete related products in New Jersey. Central operates four builder supply retail locations and two ready-mixed concrete batch plants, which will complement U.S. Concrete’s existing New Jersey operations.

"These acquisitions extend our existing geographic coverage area and allow us to better leverage our management teams and resources in the Dallas/Ft. Worth and New Jersey markets," stated Eugene P. Martineau, chief executive officer of U.S. Concrete. "In addition, the Central acquisition expands our product lines in New Jersey, enabling us to better meet our customers’ needs in that market."

U.S. Concrete Inc. was formed in 1998 to become a value-added provider of ready-mixed concrete and related products and services to the construction industry in major markets in the United States. The company currently has 77 operating plants producing approximately 5.8 million cubic yards of concrete annually, making it the sixth largest ready-mixed concrete producer in the country.