SRM acquires Kentucky based Grant County Ready Mix and Gallatin County Ready Mix. Cementos Argos said that the divestment is part of its plan to . BBB Business Profiles may not be reproduced for sales or promotional purposes. Featured Products Close to home, for example, some of SRM's largest contracts have included the building of the downtown Nashville Convention Center, and the nearby Bridgestone Tower. Therefore, credit ratings assigned by MSFJ are Non-NRSRO Credit Ratings. Aggregate Equipment Guide is a project of Construction Equipment Guide, putting machines in front of buyers for over 60 years. Read more. *In Canada, trademark(s) of the International Association of Better Business Bureaus, used under License. smyrna ready mix concrete llc smyrna ready mix llc srm concrete smyrna ready mix srmconcrete smyrna ready mix concrete Smyrna Ready Mix Global Presence Search All Employees SMYRNA, TN - November 25th, 2022. Developed for ease-of-use and operator safety, ESCO's latest innovation the ESCO PosiGrab II hydraulic coupler has undergone extensive testing and benchmarking against similar products. If you choose to do business with this business, please let the business know that you contacted BBB for a BBB Business Profile. SRM Concrete | Quality Concrete, Unmatched Service SRM provides quality ready mix concrete and construction materials to our customers throughout sixteen states. Murfreesboro, TN 37129 5303 S Lake Houston Pkwy. Financing also includes a $100 million ABL revolver due 2025 with a springing fixed-charge covenant, S&P Global Ratings said in a report. Company Store Locations What's more unusual is the fact that in only 22 years, Mike and Melissa's operation is today a huge company that employs a staggering 4,000 employees working in 13 states. Proceeds will be used to fund certain acquisitions, to refinance existing debt and for general corporate purposes. SRM acquires Florida based Superior Concrete, Xpress Materials, and A-Materials. The deal was upsized from $515 million and pricing finalized at the wide end of guidance, according to market sources. An unusual choice for most folks, certainly, but Mike did so only because he was often frustrated in getting the materials he needed to run his small concrete business. a wholly-owned credit rating agency subsidiary of Moody's Corporation ("MCO"), hereby discloses that most issuers of debt . MOODYS DEFINES CREDIT RISK AS THE RISK THAT AN ENTITY MAY NOT MEET ITS CONTRACTUAL FINANCIAL OBLIGATIONS AS THEY COME DUE AND ANY ESTIMATED FINANCIAL LOSS IN THE EVENT OF DEFAULT OR IMPAIRMENT. "It has been a privilege to work with Harper Industries over the past . Contact Us It has surprised me, too, that despite being such a large distributor, dealing primarily with brands such as Komatsu, Epiroc and Sennebogen through Power makes it feel like you are working with a small, local company. Privacy Policy Smyrna Ready Mix Concrete, better known as SRM Concrete, offers a range of services, but its concentration on ready-mix, mining and materials production has made it one of the fastest growing operations in the eastern half of the United States. JOURNALISTS: 1 212 553 0376 Client Service: 1 212 553 1653 2022 Moodys Corporation, Moodys Investors Service, Inc., Moodys Analytics, Inc. and/or their licensors and affiliates (collectively, MOODYS). Collen Bros (Quarries) Ltd, a family owned and operated civil engineering company located in County Armagh, Northern Ireland, recently took delivery of a Powerscreen Premiertrak 600E (PT600E) jaw crusher, which is the first of its kind to be delivered in the UK and Ireland. Smyrna Ready Mix prints upsized secured notes to yield 6%; terms, Banking Essentials Newsletter: 5th May Edition, Banking Essentials Newsletter: 19th April Edition, According to Market Intelligence, April 2023, Banking Essentials Newsletter: 5th April Edition. Smyrna Ready Mix Concrete, LLC is located in Myrtle Beach, SC and is a supplier of Ready-Mixed Concrete. While Rokbak continues to build a global reputation for robust and reliable articulated haulers, just 50 mi. Featured Products The German company Bscher started in 1961 as a concrete plant and its business grew with, among others, a container service. For more information about Power Equipment, visit www.powerequipco.com. That acquisition was just one of many that SRM Concrete made over the years as its coffers grew and it identified opportunities to move into new markets. "I can assure you that my dad is heavily involved in everything he can get his hands on," Ryan said with a laugh. Although now headquartered in Nashville, the Hollingshead family company has not forgotten the site and the service that helped put it on the map years ago. /marketintelligence/en/news-insights/latest-news-headlines/smyrna-ready-mix-prints-upsized-secured-notes-to-yield-6-terms-61038516 Your IP: Murfreesboro, TN 37129 BBB Business Profiles are subject to change at any time. SRM Concrete's presence, products, and services enable us to win in today's competitive marketplaces. Quarry Meet Growth Challenges, VIDEO: ESCO PosiGrab II Hydraulic Coupler, Place an equipment listing on Aggregate Equipment Guide. SRM Acquires Indiana based Spurlino Materials. . Social Responsibilty SRM acquires Florida based Griswold Concrete and KMR Concrete. SRM acquires Vulcan Materials in Richmond, Virginia. For further information please see the ratings tab on the issuer/entity page for the respective issuer on www.moodys.com.For any affected securities or rated entities receiving direct credit support from the primary entity(ies) of this credit rating action, and whose ratings may change as a result of this credit rating action, the associated regulatory disclosures will be those of the guarantor entity. CMO We started Smyrna Ready Mix to service our own concrete needs, because we were not receiving reliable customer service from the local ready-mix companies. For years now, the Austrian processing specialist SBM Mineral Processing has been one of the technology leaders in economical hybrid drives and intelligent, interactive process controls for track-mounted crushing plants. BBB Business Profiles generally cover a three-year reporting period. Within six months of launching the company, other area concrete finishers began ordering. Terms: latest-news-headlines SRM acquires Bigos Precast based in Fowlerville, Michigan. (615) 355-1028 Note: Revenues for privately held companies are statistical evaluations. "I want to deal with people I trust and that goes a long way. Smyrna Ready Mix LLC today completed its $830 million offering of eight-year senior secured notes via J.P. Morgan, BNP Paribas, BofA Securities, and Goldman Sachs. Locations 42% of survey respondents approved of the leadership response to COVID-19. Cloudflare Ray ID: 7c09a60ae9f8f118 2022 SRM Concrete, All Rights Reserved. 152.228.212.223 latest-news-headlines Huntsville, TX 77340. SRM Concrete's annual revenues are over $500 million (see exact revenue data) and has over 1,000 employees. "We, of course, are ready-mix driven, so as we acquire ready-mix companies, if we see a need to have a quarry in that area, we will look to obtain one close by," he said. Corporate and facility ratings are B+/B1, with a 3 recovery rating from S&P Global Ratings. ET on Oct. 29. (MJKK) is a wholly-owned credit rating agency subsidiary of Moody's Group Japan G.K., which is wholly-owned by Moodys Overseas Holdings Inc., a wholly-owned subsidiary of MCO. Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. For almost 40 years, SBM Mineral Processing has been consistently using diesel-electric drive systems and is a supplier of cross-technological hybrids for track-mobile jaw and impact crushers from under 50,000 to 350,000 lbs. Bloomberg Chief Washington Correspondent Joe Mathieu delivers insight and analysis on the latest headlines from the White House and Capitol Hill, including conversations with influential lawmakers and key figures in politics and policy. The action you just performed triggered the security solution. (615) 355-1028 The El Colombiano newspaper has reported that the deal includes a five-year cement supply agreement for all 23 plants. (615) 355-1028 Smyrna Ready Mix Concrete serves construction industry in the United States. What was once a simple ready-mix plant is now a company capable of handling the multiple needs of countless numbers of building contractors. Social Responsibilty At-a-glance. If you are interested in joining a team dynamic that separates from the rest, let's talk. Moodys SF Japan K.K. SRM acquires concrete company in Danville, Kentucky. (615) 922-8300 (Espaol), SRM 401(k) Profit Sharing Plan and Trust Annual Notice, SRM Acquires Young Trucking in Southwest Florida, SRM Acquires Titan Ready Mix in Covington, GA, SRM Acquires Darby Ready Mix in Southeast Michigan, SRM Acquires Clinton-Tecumseh Aggregates in Southeast Michigan, SRM Acquires 18 Argos ready-mix locations in NC and Florida, SRM Acquires 37 ready-mix locations in Colorado, Wyoming, and Texas, SRM Acquires Charley's Concrete in the DFW Market, SRM Acquires JJ's Concrete in Central Indiana, SRM Acquires Louisville-based Allstate Ready Mix, SRM Acquires Jones & Stone Drilling in Middle Tennessee, SRM Acquires Bowling Green Concrete in South Central Kentucky, SRM Acquires T&H Concrete Products in Lewisburg, TN, SRM Acquires Indiana Phoenix Mixer Company, Hollingshead Cement Opens Cement Terminal in Middletown, OH. Moody's also assigned a Ba3 rating to the company's proposed senior secured credit facility. The company also has been involved in many commercial jobs throughout its territories. SRM acquires Sequatchie Concrete serving the East TN, North AL, and North GA markets. SAN DIEGO (August 5, 2014) - The Greystone Group announced today that it served as exclusive financial advisor to Harper Industries, Inc. in the sale of its subsidiary, Metro Ready Mix Concrete to Smyrna Ready Mix Concrete.Metro Ready Mix is the 3 rd transaction managed by Greystone for Harper in the past 5 years. Due to the bond offering's size increase, the issuer pulled a proposed $315 million, seven-year term loan B. Smyrna Ready Mix LLC is a provider of ready-mix concrete, aggregates, and other concrete-related products and services. Market Intelligence L.A. Included in this acquisition are 28 ready-mix locations in New York, New Jersey, and Pennsylvania. SRM opens Harbor in Panama City Beach, Florida. SRM acquires Bayou Materials in Jackson, Alabama. content About Us 2022 SRM Concrete, All Rights Reserved. Murfreesboro, TN 37129 Smyrna Ready Mix Concrete, LLC manufactures and supplies concrete products. , Factbox-U.S. debt ceiling standoff: Platinum coins, the 14th Amendment could be paths out, White House to study employer tools that monitor workers, Attacks on delivery drivers add fears among gig workers, Milken Latest: PGIMs CEO Says Markets Are Too Optimistic Now, US STOCKS-S&P, Dow edge higher as JPMorgan gains; Fed meet in focus. Smyrna Ready Mix Concrete launches $315M TLB; commitments due Oct. 29, Essential IR Insights Newsletter - March 2023, Continuous Financial Health Management of Suppliers, A Cloud Migration Plan for Corporations featuring Snowflake, In Search of Resilience Part 1 - A Data-Driven Scoreboard. Financing also includes a $100 million ABL revolver due 2025 with a springing fixed-charge covenant, Ratings notes. SRM acquires Argos Panhandle division in Florida. Smyrna Ready Mix LLC today completed its $830 million offering of eight-year senior secured notes via J.P. Morgan, BNP Paribas, BofA Securities, and Goldman Sachs. Terex MP, global manufacturer of materials processing and lifting machinery, announced the purchase of MARCO, a manufacturer of bulk material handling conveyors, based in Mt. The asset based revolving credit facility, which expires in 2026, is governed by a springing fixed-charge coverage ratio of 1.0x, that comes into effect if availability under the asset based revolving credit facility is less than 15% of the total revolver availability.The stable outlook reflects Moody's expectation that Smyrna will grow revenue organically, maintain good operating performance, generate solid free cash flow, and remain committed to modest leverage. (615) 922-8300 (Espaol), SRM 401(k) Profit Sharing Plan and Trust Annual Notice. Alternatively, please see the Rating Methodologies page on www.moodys.com for a copy of this methodology.Smyrna Ready Mix Concrete, LLC is a manufacturer and retailer of ready-mixed concrete in Tennessee, Florida, Kentucky, Ohio, Indiana, Texas, Georgia, Colorado, Alabama, Arkansas, Michigan, South Carolina, North Carolina, Mississippi, Wyoming and Virginia. "My main goal is keeping everyone safe," Ryan said. Das Naes Unidas 14401, Torre Hotel Chcara Santo Antnio So Paulo, BR-SP. This documentary-style series follows investigative journalists as they uncover the truth. Through hard work and the grace of God, Smyrna Ready Mix grew. Nashville, TN 37208. Meritain Information With very little money and three trucks, we built a concrete plant in our own backyard at 4500 Hickory Grove Road in Murfreesboro, Tenn. SRM provides quality ready mix concrete and construction materials to our customers throughout sixteen states. Locations Ryan Hollingshead (L), president of SRM Aggregates, and Mike Hollingshead, founder of SRM Concrete. Average of 11 Customer Reviews. SRM acquires 24 plants from Argos in the Dallas/Fort Worth market. Market Intelligence I know everyone on every site by name, and on the ready-mix side that is difficult because of the sheer number of people we have, but as a family-owned company we all have an open-door policy, so any Hollingshead can be reached, if needed.". SRM Concrete has pursued an active acquisition strategy, having successfully acquired and integrated over eightycompanies since 2005. "That is what made him want to put up his own concrete plant.". Company Store That indicates a yield to maturity of around 4.76%-5.20%. The outlook remains stable.The rating upgrades reflect Moody's expectation of the continued strengthening of Smyrna's credit profile following the successful integration of several bolt-on acquisitions during 2020 and 2021, a larger and more geographically diversified revenue base, greater predictability of free cash flow, and a commitment by the management team to maintain modest leverage.The Ba3 rating assigned to the $650 million senior secured term loan facility maturing in 2029 and to the $1,100 million Senior Secured Notes maturing in 2028, is on par with the CFR reflecting their position as the preponderance of debt in Smyrna's capital structure. Access the headquarters listing for Smyrna Ready Mix Concrete, LLC. SRM acquires BayCrete Concrete and Alamo Ready Mix in Texas. All complaints are handled by the BBB where the company is Headquartered or a central customer complaint processing location. Our newly acquired team possesses great experience, and we look forward to bringing SRMs service to our new customers across these new territories.. Contact Us Careers, Place An Order We list equipment in all the major aggregate categories including conveyors, feeders, stackers, crushers, magnets, screening equipment, washing equipment, and more. 2 and 3 respectively.MJKK or MSFJ (as applicable) hereby disclose that most issuers of debt securities (including corporate and municipal bonds, debentures, notes and commercial paper) and preferred stock rated by MJKK or MSFJ (as applicable) have, prior to assignment of any credit rating, agreed to pay to MJKK or MSFJ (as applicable) for credit ratings opinions and services rendered by it fees ranging from JPY100,000 to approximately JPY550,000,000.MJKK and MSFJ also maintain policies and procedures to address Japanese regulatory requirements. We have a good relationship that is carried over to our business. CONTACT US CONCRETE CALCULATOR CUSTOMER LOGIN Products & Services ConcreteSRM MaterialsBlockProductsPumpingHollingshead CementHollingshead Harbor Customers SMYRNA READY MIX CONCRETE LLC : DBA Name: SRM CONCRETE - PIQUA CONCRETE - SRM JONES AND STONE DRILLING - HOLLINGSHEAD CEMENT : Physical Address: 1000 HOLLINGSHEAD CIRCLE MURFREESBORO, TN 37129 Phone: (615) 355-1028 Mailing Address: 1136 SECOND AVE NORTH NASHVILLE, TN 37208 USDOT Number: 1738904 : State Carrier ID Number: Today, SRM is still rooted in providing superior customer service, just as it was in the early days when the personal touch was key to the growth of Mike Hollingshead's company. SRM opens new plant in Punta Gorda, Florida. For provisional ratings, this announcement provides certain regulatory disclosures in relation to the provisional rating assigned, and in relation to a definitive rating that may be assigned subsequent to the final issuance of the debt, in each case where the transaction structure and terms have not changed prior to the assignment of the definitive rating in a manner that would have affected the rating. All customer reviews are handled by the BBB where the company is Headquartered or a central customer review processing location. esgSubNav, Discover more about S&P Globals offerings, Global Credit and Risk Symposium: Unlocking Possibilities, pulled a proposed $315 million, seven-year term loan B, Non-call three (first call at par +50% coupon), JW Marriott Sao Paulo Av.
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