SunTx Capital Partners’ portfolio company Suncrete plans to list on the New York Stock Exchange through a merger with Haymaker Acquisition Corp. 4, establishing a strong presence in the growing U.S. ready-mix concrete market.

Target Information

Suncrete, also known as Concrete Partners Holding, LLC, is a ready-mix concrete logistics and distribution company based in Tulsa, Oklahoma. The organization is strategically positioned along the construction value chain, operating a network of high-quality concrete plants and tech-enabled mixer trucks primarily in Oklahoma and Arkansas. The company is poised for expansion across the rapidly growing Sunbelt region of the United States, aiming to leverage favorable population and infrastructure growth trends. Suncrete emphasizes its scalable business model and robust operational efficiency, which have allowed it to implement a successful growth strategy within a fragmented industry characterized by over 3,000 concrete plants throughout the Sunbelt.

Suncrete employs a hub-and-spoke operating model tailored to local markets, driving both organic and acquisition-led revenue growth. The company focuses on serving a diverse customer base in infrastructure, commercial, and residential sectors, which has positioned it to achieve industry-leading profitability metrics, including exceptional cash conversion rates and Adjusted EBITDA margins. Suncrete is recognized for its proactive acquisition pipeline, actively pursuing opportunities in both existing and new markets.

Industry Overview

The U.S. ready-mix concrete industry is undergoing significant shifts, particularly within the Sunbelt region. This market is highly fragmented and comprised chiefly of smaller, privately held operations. Current trends suggest that ma