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
*********
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Website
*********
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Social
*********
- Legal Name Summit Materials, Inc.
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Annual Revenue
$2.62 B9as on Dec 31, 2023
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Net Profit
$289.63 M5as on Dec 31, 2023
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EBITDA
$528.18 M12as 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. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
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
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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.
- Total Funding Total Funding
- Total Rounds 6
- Last Round Debt – Conventional — $300.0M
- First Round First Round
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2019 | Amount | Debt – Conventional - Summit Materials | Valuation |
investors |
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| Feb, 2019 | Amount | Debt – Conventional - Summit Materials | Valuation |
investors |
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| Mar, 2014 | Amount | Series C - Summit Materials | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Cement is manufactured for construction applications in the United States.
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Founded Year | Domain | Location | |
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Developer of innovative healthcare products for niche therapy areas
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Founded Year | Domain | Location | |
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Manufactures high-quality concrete and cement products for construction projects.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
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. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Aggregates, concrete, pumping, and building materials are manufactured.
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2014 | ||||
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Concrete and aggregate materials are supplied for construction needs.
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2014 | ||||
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Ready mix concrete is supplied for diverse construction applications.
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2013 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Summit Materials
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Summit Materials Comparisons
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. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Construction products and home furniture are manufactured by the company.
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| domain | founded_year | HQ Location |
Supplier of building materials
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| domain | founded_year | HQ Location |
Diversified asset management firm and private fund focused on debt, equity, and secondary market investments in multiple sectors
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| domain | founded_year | HQ Location |
Distributor of Building Materials
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| domain | founded_year | HQ Location |
Building materials are distributed for residential and commercial construction.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Summit Materials
Frequently Asked Questions about Summit Materials
When was Summit Materials founded?
Summit Materials was founded in 2008 and raised its 1st funding round 1 year after it was founded.
Where is Summit Materials located?
Summit Materials is headquartered in Denver, United States. It is registered at Denver, Colorado, United States.
Is Summit Materials a funded company?
Summit Materials is a funded company, having raised a total of $159.35M across 6 funding rounds to date. The company's 1st funding round was a Series C of $3.6M, raised on Jun 01, 2009.
How many employees does Summit Materials have?
As of Dec 31, 2022, the latest employee count at Summit Materials is 4,800.
What is the annual revenue of Summit Materials?
Annual revenue of Summit Materials is $2.62B as on Dec 31, 2023.
What does Summit Materials do?
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.
Who are the top competitors of Summit Materials?
Summit Materials's top competitors include StepStone Group, PrimeSource and Universal Forest Products.
What products or services does Summit Materials offer?
Summit Materials offers Aggregates, Cement, Asphalt, and Ready-Mix.
How many acquisitions has Summit Materials made?
Summit Materials has made 14 acquisitions, including Alleyton Resource, Boxley, and Continental Cement.
Who are Summit Materials's investors?
Summit Materials has 3 investors. Key investors include Continental Cement, Consult Paragon, and Quikrete.
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