Mergers and Acquisitions

StonePoint Materials Announces Acquisition Of River Aggregates

StonePoint Materials LLC  announced September 21 its acquisition of River Aggregates LLC, which operates two sand and gravel facilities serving Houston and Beaumont, Texas. River Aggregates will complement StonePoint’s subsidiary Southern Aggregates, the largest sand and gravel producer in Louisiana.

Founded in 2011, River Aggregates has quickly grown to be one of the largest independent sand and gravel producers in the Houston market. Led by industry veterans Rob Van Til and Carl Davis, who will join the StonePoint team, River provides StonePoint an attractive new Texas platform.

“River provides an excellent starting point for StonePoint’s westward expansion into Texas,” said Colin Oerton, CEO of StonePoint. “Having known Rob and Carl for many years, given their strong operational experience, customer and market knowledge, we are excited to have them join our team as we continue growth.”

Rob Van Til said, “Based on customer service, employee satisfaction, industry reputation and the adjoining southern aggregates markets, we considered StonePoint to be a perfect fit for River Aggregates Carl and I are excited to join StonePoint and look forward to pursuing further market opportunities in Texas.”