# Quikrete to acquire Summit Materials for $11.5 billion

Summit Materials Inc. has entered into a definitive agreement to be acquired by Quikrete Holdings Inc. for $52.50 per share in cash, with a total enterprise value of approximately $11.5 billion including debt. The transaction is expected to close in the first half of 2025.

- Type: Acquisition
- Announced: 2025-01-08
- Where: United States
- Value: $11.5B
- Status: announced
- Products: aggregates, cement, ready-mix concrete, concrete and cement-based products
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [Quikrete Holdings](https://endata.com/companies/19918.md) (acquirer)
- [Summit Materials](https://endata.com/companies/21264.md) (target)

## Sources

- [vtca.org](https://www.vtca.org/news/summit-materials-enters-into-definitive-agreement-to-be-acquired-by-quikrete), 2025-01-08: "We are pleased to have reached this agreement which will deliver significant, immediate and certain cash value to our shareholders."
- [prnewswire.com](https://www.prnewswire.com/news-releases/summit-materials-completes-merger-with-quikrete-302372579.html), 2025-02-10: "Summit Materials, Inc. today announced the closing of its previously announced definitive agreement to be acquired by Quikrete Holdings, Inc. for $52.50 per share in cash, for a total enterprise value of approximately $11.5 billion, including debt."
- [summit-materials.com](https://summit-materials.com/summit-merger/), 2025-04-03: "On February 10, 2025, Quikrete Holdings, Inc. acquired all of the common stock of Summit Materials, Inc."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.