Article: Blackstone, Silverhawk, Tom Hill and Management Form Summit Materials


Wireless News
09-10-2009
Blackstone, Silverhawk, Tom Hill and Management Form Summit Materials
Type: News

Summit Materials has been formed to develop a business in the aggregates and heavy-side building materials sector through strategic acquisitions, according to company officials.

The company was founded by its CEO Tom Hill and a group of investors that include members of its management team, Blackstone Capital Partners (an affiliate of The Blackstone Group), Silverhawk Capital Partners and Charles "Chip" Goodyear, former CEO of BHP Billiton. The investors have made a commitment to Summit Materials of up to $780 million. In conjunction with its formation, Summit Materials has announced ...

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