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Béton Provincial completes acquisition of assets from CRH Canada Group to strengthen its market position

May 14, 2024about 1 year ago

Acquiring Company

Béton Provincial Ltée

Acquired Company

CRH Canada Group

QuébecConcordBuilding MaterialConstructionConstruction

Description

Béton Provincial Ltée, the largest Canadian-owned company in the concrete and cement industry, has concluded a transaction with CRH Canada Group Inc., involving the acquisition of numerous assets in Quebec, Newfoundland and Labrador, and the state of New York. This acquisition consolidates Béton Provincial's position as a leader in the North-eastern American market for concrete and cement and enhances its logistical capacity and the vertical integration of its operations. It will also have a positive impact on the economic landscape of Eastern North America, as it consolidates the leadership of a Canadian company in the supply chain for infrastructure renewal and the construction of resilient structures.

Company Information

Company

Béton Provincial Ltée

Location

Québec, Quebec, Canada

About

Béton Provincial Ltée, founded in 1960, stands as Canada's leading Canadian-owned enterprise in the concrete and cement industry. The company operates one of the largest distribution networks in eastern North America, employing over 2,700 people and owning various facilities related to concrete, cement, asphalt, bitumen, and aggregates. Committed to innovation and sustainability, it places responsible practices at the core of its operations.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed

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