About Summit Materials
Summit Materials is a Real Estate & Construction company based in Denver (United States) founded in 2008, and was acquired by Quikrete in November 2024. Concrete, aggregates, and other building materials are supplied. 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. 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. Its focus areas include Real Estate and Construction, Building Materials and Suppliers. Its legal entity is Summit Materials, Inc. Its competitors include Universal Forest Products, Martin Marietta and StepStone Group.
Company details
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.
- Annual Revenue$2.62 B (USD)9as on Dec 31, 2023
- Net Profit$289.63 M (USD)5as on Dec 31, 2023
- EBITDA$528.18 M (USD)12as on Dec 31, 2023
- Total Equity Funding$159.35M (USD)
in 6 rounds
- Latest Funding Round$300M (USD), Debt – Conventional
Apr 2019
- InvestorsContinental Cement
& 2 more
- Employee Count4,800
- Investments & AcquisitionsAlleyton Resource
& 13 more
- Acquired byQuikrete
(Nov 2024)
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
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 $159.35M
- Total Rounds 6
- Last Round Debt – Conventional — $300M
- Investors Count 2
All 6 funding rounds of Summit Materials with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr 2019 | $300M | Debt – Conventional | – | – | – |
| Feb 2019 | $345M | Debt – Conventional | – | – | – |
| Mar 2014 | $3.6M | Series C | – | – | – |
| Jan 2014 | $20.75M | Series C | – | – | – |
| May 2010 | $135M | Series B | – | Continental Cement | – |
| Jun 2009 | Seed | – | – |
3 investors in total: 3 institutional.
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 |
|---|---|---|---|---|
Cement is manufactured for construction applications in the United States. | 1903 | continentalcement.com | Chesterfield, United States | |
Developer of innovative healthcare products for niche therapy areas | 1982 | consultparagon.com | Cranford, United States | |
Manufactures high-quality concrete and cement products for construction projects. | 1940 | quikrete.com | Atlanta, United States |
Investor details for Summit Materials
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People of Summit Materials
21 people are tracked at Summit Materials (10 in leadership, 11 in team); the tracked headcount is 4,800.
| Name | Role | Group |
|---|---|---|
Charles Depriest Cpa | Executive Vice President, East Segment | Leadership |
Katie Nelson | Vice President Sales, Cement East Region | Leadership |
Bradley Okoniewski | Senior Vice President, Environmental Health And Safety | Leadership |
Adam Snyder | Director, Operations Applications | Leadership |
Brad Kinckiner | Vice President Of Health, Safety And Security | Leadership |
Ashley Sakwa | Senior Vice President, Corporate Strategy & Business Development | Leadership |
Dan Naughton | Senior Director - Procurement & Supply Chain | Leadership |
Joshua Inglett | Vice President Corporate Development | Leadership |
Levi Hobart | Director Of Operational Support | Leadership |
Kenny Bradley | Director Of Marketing And Business Development | Leadership |
Carrie A. Gordon | Procurement- South Region | Team |
Manuel Alejandro Numpaque Espinosa | Process Engineer | Team |
Jennifer Duff | Process Management Controller | Team |
Juan Vanegas | SVP Supply Chain | Team |
Abigail Stewart | Senior Manager Human Resources Operations | Team |
Ha Nguyen | Controller, East Cement Segment | Team |
Mahmoud Khazma | Production Manager | Team |
Brooke Tate | Senior Analyst, Total Rewards | Team |
Dan Bowles | Lead Systems Support Technician | Team |
Matthew Sullivan | Lead Support Technician | Team |
1 more people are available in the full profile.
Complete people profiles 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.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Minerals mining services are provided in the United States. | midwestminerals.com | Pittsburg, United States | 1947 | May 2018 | •••• | |
Ready mix concrete is supplied for diverse construction applications. | greatsouthernreadymix.com | New Caney, United States | 2013 | Jul 2017 | •••• | |
Magazines on aggregates and mining operations are published. | pitandquarry.com | Cleveland, United States | 1916 | Jun 2017 | •••• | |
Ready-mix concrete and aggregate products are supplied to construction sectors. | razorbackconcrete.com | West Memphis, United States | 1965 | Jan 2017 | •••• | |
Asphalt and ready-mix concrete materials are distributed by Everist Materials. | everistmaterials.com | Silverthorne, United States | 1876 | Jan 2017 | •••• | |
Supplier of concrete products | sierrareadymix.com | Las Vegas, United States | 1994 | May 2016 | •••• | |
Aggregate, slate, and related construction materials are produced and supplied. | boxley.com | Virginia, United States | 1861 | Feb 2016 | •••• | |
Concrete and aggregate materials are supplied for construction needs. | troyvinesconcrete.com | Midland, United States | 2014 | Apr 2014 | •••• | |
| rammingcompanies.com | 0 | Nov 2011 | •••• | |||
Aggregates, concrete, pumping, and building materials are manufactured. | austinmaterials.com | Houston, United States | 2014 | Nov 2011 | •••• |
Complete acquisition details for Summit Materials
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Timeline of Summit Materials
15 dated milestones of Summit Materials across 16 years, from founding to its latest funding, stage changes and deals.
- Founded Summit Materials is founded.
- Funding First funding round.
- Acquisition Acquires Alleyton Resource.
- Acquisition Acquires Rammingcompanies.
- Acquisition Acquires Troy Vines.
- IPO Lists on the stock exchange (IPO).
- Acquisition Acquires Boxley.
- Acquisition Acquires Sierra Ready Mix.
- Acquisition Acquires Everist Materials.
- Acquisition Acquires Razorback Concrete.
- Acquisition Acquires Pit & Quarry.
- Acquisition Acquires Great Southern Ready Mix.
- Acquisition Acquires Midwest Minerals.
- Funding Latest funding round, Debt – Conventional, of $300.0M.
- Exit Acquired by Quikrete.
Competitors of Summit Materials
Summit Materials has 3 listed competitors in our database. They include Universal Forest Products, Martin Marietta and StepStone Group.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| ufpi.com | 1955 | Grand Rapids, United States | 15,500 | Construction products and home furniture are manufactured by the company. | ||
| martinmarietta.com | 1993 | Raleigh, United States | Supplier of building materials | |||
| stepstonegroup.com | 2007 | New York, United States | 956 | Diversified asset management firm and private fund focused on debt, equity, and secondary market investments in multiple sectors |
Detailed competitors of Summit Materials
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Web traffic of Summit Materials
The website of Summit Materials (summit-materials.com) receives about 9.8K visits a month.
- Monthly visits9.8K
▲ 78.5% vs previous month
Top companies in Building Materials
3 companies that operate in the same segment as Summit Materials (Building Materials) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Developer of chemical products, construction & packaging materials, and water solutions | 1802 | United States | USD 6.85 B | 24,000 | ||
Industrial tools and equipment are supplied globally by Kennametal. | 1938 | Latrobe, Pennsylvania, United States | USD 1.97 B | 8,119 | ||
Concrete, cement, and aggregate building materials are supplied globally. | 1906 | Houston, Texas, United States |
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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.
Summit Materials has 4,800 employees.
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, Universal Forest Products and Martin Marietta.
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.
Summit Materials operates through Summit Materials, Inc..
Yes. Summit Materials was acquired by Quikrete in November 2024.