Company: RMIX
Filing Date: 2025-11-12
Form Type: S-4
Source: 0001104659-25-110488
Chunk: 262

Company: Suncrete, Inc.
Filing Date: 2025-11-12
Form: S-4
Chunk 262
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 selected public companies the Haymaker Board reviewed were based on two categories: Industry Consolidators and U.S. Heavy Materials Providers. Industry Consolidator companies included Comfort Systems USA, Inc., SiteOne Landscape Supply, Inc. and Quanta Services, Inc. U.S. Heavy Materials Provider companies included CRH public limited company, Knife River Corporation, Eagle Materials Inc., Martin Marrietta Materials, Inc. and Vulcan Materials Company. All of these companies were selected by Haymaker’s management as publicly traded companies having businesses that were considered, in certain respects, to be similar to Suncrete’s business. Many of the selected companies are significantly larger enterprises, with a more diversified product base, and have larger financial resources than Suncrete. Although none of the selected companies reviewed in this analysis are directly comparable to Suncrete, the selected companies had one or more similar operating and financial characteristics as Suncrete: • Industry Consolidators : These selected public companies have acquisition-led growth strategies and market leadership positions that are similar in certain respects to Suncrete. Although the selected companies are in different industry sectors and have different products, end-markets and customers, these companies have become market leaders in niche sectors. • U.S. Heavy Materials Providers : Although they have upstream-focused operations, more competitive M&A dynamics and a broader geographic focus compared to Suncrete, these selected public companies generally sell products into end markets and to customers that are similar in certain respects to Suncrete, and experience similar secular tailwinds. The Haymaker Board reviewed the estimated EBITDA margin, Free Cash Flow conversion, revenue growth and EBITDA growth of each of the selected public companies. These estimates were based on publicly available consensus research analysts’ estimates and other publicly available information, all as October 1, 2025. The estimated EBITDA margin, Free Cash Flow Conversion, revenue growth and EBITDA growth for the selected public companies are summarized in the table below:

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TABLE OF CONTENTS

| ​                                | ​ | ​ | 2026EEBITDAMargin |   |       |   | ​ | ​ | 2026EFCFConversion(1) |   |       |   | ​ | ​ | 2026ERevenueGrowth |   |       |   | ​ | ​ | 2026EEBITDAGrowth |   |       |   | ​ |
| Industry Consolidators           | ​ | ​ | ​                 | ​ | ​     | ​ | ​ | ​ | ​                     | ​ | ​     | ​