The acquisition is strategically bolt-on, adding scale in Texas. Monitor upcoming financial statements for revenue contribution and integration costs. The earnout target (~$47.5M trailing 12-month materials spread) provides a performance milestone to track.
Price Chart
Executive Summary
Suncrete completed the acquisition of Nelson Bros. Ready Mix, a North Texas ready-mix concrete company, for 1,296,456 shares of Class A common stock and approximately $42.3 million in net cash, plus up to $18.0 million in earnout consideration. The deal expands Suncrete's Texas footprint under its Hope Concrete platform, adding 9 ready-mix plants and 124 mixer trucks in eight markets around Dallas-Fort Worth.
Key Financial Metrics
Key Facts
- Acquisition of Nelson Bros. Ready Mix closed on May 6, 2026.
- Consideration: $42.3 million net cash plus 1,296,456 shares of Class A common stock.
- Contingent earnout of up to $18.0 million based on trailing twelve-month materials spread target.
- Acquired company operates 9 ready-mix plants and 124 mixer trucks in eight North Texas markets.
- Suncrete's second acquisition in Texas under platform Hope Concrete.
Financial Impact
Total consideration approximately $55-60 million including stock valued at market price, plus up to $18 million earnout. Cash portion $42.3 million net after adjustments.
Risk Factors
- Integration risk of acquired operations into Suncrete's decentralized platform.
- Earnout may not be achieved; could signal underperformance.
- Dilution from 1.3M shares issued (~1% of market cap based on $10/share reference).
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001104659-26-057182 |
| Document: tm2613866d1_8k.htm | 0001104659-26-057182 |
| Document: tm2613866d1_ex99-1.htm | 0001104659-26-057182 |
| Document: 0001104659-26-057182-index-headers.html | 0001104659-26-057182 |
| Document: 0001104659-26-057182-index.html | 0001104659-26-057182 |
| Document: 0001104659-26-057182.txt | 0001104659-26-057182 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 22, 2026 4d ago | SC 13D/A | $8.98 | awaiting T+5 | — | $9.62 (+7.13%) |
Oct 16, 2026 11d ago | Press Release | $10.13 $8.98 | ▼ −11.35% | ▼ −10.92% | $9.62 (−5.03%) |
Oct 13, 2026 13d ago | SC 13D/A | $10.19 $9.45 | ▼ −7.26% | ▼ −7.72% | $9.62 (−5.59%) |
Oct 9, 2026 18d ago | SC 13G/A | $10.94 $9.80 | ▲ +10.42% | ▲ +8.93% | $9.62 (+12.07%) |
Aug 14, 2026 10w ago | 8-K | $18.47 $17.54 | ▼ −5.04% | ▼ −3.67% | $9.62 (−47.92%) |
Aug 14, 2026 10w ago | Press Release | $18.47 $17.54 | ▲ +5.04% | ▲ +3.67% | $9.62 (+47.92%) |
Jun 12, 2026 19w ago | 8-K | $22.76 $22.92 | ▲ +0.70% | ▲ +2.09% | $9.62 (−57.73%) |
May 26, 2026 22w ago | 8-K | $16.29 $18.02 | ▲ +10.62% | ▲ +10.15% | $9.62 (−40.95%) |
May 15, 2026 23w ago | 8-K | $17.64 $16.06 | ▼ −8.96% | ▼ −9.92% | $9.62 (−45.46%) |
May 15, 2026 23w ago | EFFECT | $17.64 $16.06 | ▲ +8.96% | ▲ +9.92% | $9.62 (+45.46%) |
US Market Status
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