Vulcan Materials Company’s Acquisition of U.S. Concrete

Wachtell Lipton represented Vulcan Materials, while Gibson, Dunn & Crutcher, LLP and Akin Gump Strauss Hauer & Feld LLP represented U.S. Concrete in the transaction.

Vulcan Materials Company (NYSE: VMC) and U.S. Concrete, Inc. (NASDAQ: USCR) have entered into a definitive agreement whereby Vulcan will acquire U.S. Concrete for $74.00 per share in cash, which represents a total equity value of $1.294 billion. The transaction is expected to close in the second half of 2021, subject to certain customary closing conditions.

Vulcan Materials Company, a member of the S&P 500 Index with headquarters in Birmingham, Alabama, is a leading producer of construction aggregates – primarily crushed stone, sand and gravel – and a major producer of aggregates-based construction materials, including asphalt and ready-mixed concrete. 

U.S. Concrete, Inc. (NASDAQ: USCR) is a leading supplier of aggregates and concrete for infrastructure, residential and commercial projects across the country.  U.S. Concrete holds leading positions in the high-growth metropolitan markets of Dallas/Fort Worth, San Francisco, New York City, Philadelphia, and Washington, D.C., and its materials have been used in some of the most complex and highly specialized construction projects of the last decade.

Wachtell Lipton’s team advising Vulcan Materials was led by Partners Igor Kirman (Picture) and Elina Tetelbaum and included Michael Ye, Associate, Travis C. Anderson-Hamilton, Associate, Kevin D. Daly, Summer Associate (Corporate), Nelson O. Fitts, Partner, Katherine R. Haigh, Associate (Antitrust), Emily D. Johnson, Partner, Rod N. Ghods, Associate (Finance), Andrea K. Wahlquist, Partner, Alicia C. McCarthy, Counsel (Executive Compensation and Benefits), T. Eiko Stange, Partner, Rachel B. Reisberg, Partner, and Swift S.O. Edgar, Associate (Tax).

Involved fees earner: Katherine Haigh – Slaughter and May; Travis Anderson-Hamilton – Wachtell, Lipton, Rosen & Katz; Swift Edgar – Wachtell, Lipton, Rosen & Katz; Nelson Fitts – Wachtell, Lipton, Rosen & Katz; Rod Ghods – Wachtell, Lipton, Rosen & Katz; Emily Johnson – Wachtell, Lipton, Rosen & Katz; Igor Kirman – Wachtell, Lipton, Rosen & Katz; Alicia McCarthy – Wachtell, Lipton, Rosen & Katz; Rachel Reisberg – Wachtell, Lipton, Rosen & Katz; Eiko Stange – Wachtell, Lipton, Rosen & Katz; Elina Tetelbaum – Wachtell, Lipton, Rosen & Katz; Andrea Wahlquist – Wachtell, Lipton, Rosen & Katz; Michael Ye – Wachtell, Lipton, Rosen & Katz;

Law Firms: Slaughter and May; Wachtell, Lipton, Rosen & Katz;

Clients: Vulcan Materials;

Author: Martina Bellini