Company: RMIX
Filing Date: 2025-11-12
Form Type: S-4
Source: 0001104659-25-110488
Chunk: 399

Company: Suncrete, Inc.
Filing Date: 2025-11-12
Form: S-4
Chunk 399
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 our core business, we intend to apply our proprietary strategy to integrate acquisitions into our corporate functions and lift the margins of the businesses we acquire. We believe acquisitions provide opportunities to establish leadership in mature markets with fewer players where we can increase local density and deliver higher value to customers and employees within these markets.

We (and/or our predecessors) have acquired six companies since 2016. We are in active discussions with additional potential acquisition candidates, and beyond these active conversations, we have a robust pipeline of identified potential targets throughout the Sunbelt.

On October 17, 2025, we acquired all of the issued and outstanding equity interests of Schwarz Sand and substantially all of the assets of Schwarz Ready Mix and SRM Leasing (collectively with Schwarz Sand, the “Schwarz Entities”), which companies collectively run a ready-mix concrete business in Oklahoma City, Oklahoma and surrounding areas. Immediately prior to the Thunder Acquisition, the Schwarz Entities operated 20 ready-mix plants at 17 locations with 115 mixer trucks and 34 haul trucks. During the twelve months ended December 31, 2024, the Schwarz Entities produced ready-mix concrete generating revenue and net income of approximately $94.6 million and $4.9 million, respectively. During the six months ended June 30, 2025, the Schwarz Entities produced ready-mix concrete generating revenue and net income (exclusive of non-controlling interests) attributable to Schwarz Ready Mix of approximately $44.9 million and $1.6 million, respectively. The aggregate consideration for the Thunder Acquisition consisted of (i) $74.3 million in cash at closing, subject to certain customary post-closing purchase price adjustments, (ii) our Company Preferred Units valued at $20 million, (iii) $22.7 million in cash payable on March 31, 2026, and (iv) the assumption of certain liabilities.

As of October 17, 2025, following the Thunder Acquisition, our business operated 50 ready-mix concrete plants at 39 locations with 335 mixer trucks and 77 haul trucks.

The Thunder Acquisition was consistent with our strategy to pursue bolt-on acquisitions in the Sunbelt to grow our business as it expanded our geographic reach, increased our asset base for the production of high-quality concrete, and added to our team of seasoned operators. Additionally, we believe this geographic expansion creates new opportunities for incremental bolt-on acquisitions in the surrounding markets.

### Our Business
Our ready-mix concrete business engages principally in the precise formulation, efficient production and on-time