Summit Materials $237 Million Common Stock Offering
Davis Polk advised the joint book-running managers in connection with the approximately $237 million primary offering of 10,000,000 shares of common stock of Summit Materials, Inc. The common stock is listed on the New York Stock Exchange under the symbol “SUM.”
Based in Denver, Colorado, Summit Materials is a leading vertically integrated materials-based company that supplies aggregates, cement, ready-mix concrete and asphalt in the United States and British Columbia, Canada. Summit Materials is a geographically diverse, materials-based business of scale that offers customers a single-source provider of construction materials and related downstream products in the public infrastructure, residential and nonresidential, and end markets. Summit Materials has a strong track record of successful acquisitions since its founding and continues to pursue growth opportunities in new and existing markets.
The Davis Polk corporate team included partner Sophia Hudson and associates Cameron C. Lewis and Roohi Gupte. The environmental team included counsel Loyti Cheng and associate Michael Comstock. Counsel Marcie A. Goldstein provided FINRA advice. The tax team included counsel Alon Gurfinkel and associate Dao Fu. Members of the Davis Polk team are based in the New York and London offices.