About Summit Materials
Summit Materials is a company based in Denver (United States) founded in 2008 was acquired by Quikrete in November 2024. Summit Materials has raised $159.35 million across 6 funding rounds from investors including Continental Cement, Consult Paragon and Quikrete. The company has 4,800 employees as of December 31, 2022. Summit Materials has completed 14 acquisitions, including Alleyton Resource, Boxley and Continental Cement. Summit Materials offers products and services including Aggregates, Cement, Asphalt, and Ready-Mix. Summit Materials operates in a competitive market with competitors including Universal Forest Products, Martin Marietta, StepStone Group, PrimeSource and Kodiak Building Partners, among others.
- Headquarter Denver, United States
- Employees 4800 as on 31 Dec, 2022
- Stage Public
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Sectors
Real Estate & Construction
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Phone
Locked
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Website
Locked
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Social
Locked
- Legal Name Summit Materials, Inc.
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Annual Revenue
$2.62 B (USD)9as on Dec 31, 2023
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Net Profit
$289.63 M (USD)5as on Dec 31, 2023
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EBITDA
$528.18 M (USD)12as on Dec 31, 2023
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Total Equity Funding
$159.35 M (USD)
in 6 rounds
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Latest Funding Round
$300 M (USD), Debt – Conventional
Apr 30, 2019
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Investors
Continental Cement
& 2 more
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Employee Count
4800
as on Dec 31, 2022
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Investments & Acquisitions
Alleyton Resource
& 13 more
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Acquired by
Quikrete
(Nov 26, 2024)
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Products & Services of Summit Materials
Summit Materials offers a comprehensive portfolio of products and services, including Aggregates, Cement, Asphalt, and Ready-Mix.
Essential materials sourced for construction and infrastructure projects
High-quality product for resilient infrastructure and communities
Combined aggregates for paving roads and sustainable applications
Versatile mix for various construction needs and innovations
People of Summit Materials
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Funding Insights of Summit Materials
Summit Materials has successfully raised a total of $159.35M across 6 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $300 million completed in April 2019. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in Summit Materials
Summit Materials has secured backing from 3 investors, including institutional investors. Prominent investors backing the company include Continental Cement, Consult Paragon and Quikrete.
| Investor | Description | Founded Year | Domain | Location |
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Cement is manufactured for construction applications in the United States.
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Developer of innovative healthcare products for niche therapy areas
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Manufactures high-quality concrete and cement products for construction projects.
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Locked | Locked | Locked |
Investor details for Summit Materials
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Investments & Acquisitions by Summit Materials
Summit Materials has strategically engaged in corporate development activities, having acquired 14 companies. Notable acquisitions include Alleyton Resource, Boxley and Continental Cement.
Investment portfolio details for Summit Materials
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- Portfolio identities
- Transaction dates
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| Company Name | Description | Domain | Location | Founded Year | Amount |
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Aggregates, concrete, pumping, and building materials are manufactured.
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Concrete and aggregate materials are supplied for construction needs.
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Locked | Locked | 2014 | Locked | |
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Ready mix concrete is supplied for diverse construction applications.
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Locked | Locked | 2013 | Locked |
Complete acquisition details for Summit Materials
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Financial Statements - Summit Materials
Detailed financials for Summit Materials
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Summit Materials Comparisons
Peer comparison for Summit Materials
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Competitors of Summit Materials
Summit Materials operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Universal Forest Products, Martin Marietta, StepStone Group, PrimeSource and Kodiak Building Partners, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Construction products and home furniture are manufactured by the company.
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Supplier of building materials
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Diversified asset management firm and private fund focused on debt, equity, and secondary market investments in multiple sectors
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Distributor of Building Materials
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Building materials are distributed for residential and commercial construction.
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Detailed competitors of Summit Materials
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Latest news on Summit Materials
Complete news archive for Summit Materials
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Frequently Asked Questions about Summit Materials
Summit Materials was founded in 2008 and raised its 1st funding round 1 year after it was founded.
Summit Materials is headquartered in Denver, United States. It is registered at Denver, Colorado, United States.
Summit Materials is a funded company, having raised a total of $159.35M across 6 funding rounds to date.
As of Dec 31, 2022, the latest employee count at Summit Materials is 4,800.
Annual revenue of Summit Materials is $2.62B as on Dec 31, 2023.
Summit Materials was founded in 2008 and is based in Denver, United States. Aggregates, concrete, and related building materials are provided to support construction projects. Operations span the building materials sector, with supply chains focused on infrastructure and commercial developments across the United States. Distribution and production facilities are maintained to meet regional demands in the industry.
Summit Materials's top competitors include StepStone Group, PrimeSource and Universal Forest Products.
Summit Materials offers Aggregates, Cement, Asphalt, and Ready-Mix.
Summit Materials has made 14 acquisitions, including Alleyton Resource, Boxley, and Continental Cement.
Summit Materials has 3 investors. Key investors include Continental Cement, Consult Paragon, and Quikrete.