Premium aggregates bolt-on transaction to grow Breedon’s US business
Breedon Group plc, a leading vertically-integrated construction materials group in Great Britain, Ireland and the United States, has completed the acquisition of Falling Springs Quarry for £90 million.
Falling Springs is a well-invested, highly automated quarry with 185 million tonnes of limestone reserves strategically located approximately 15 minutes from downtown St Louis, Missouri. The quarry has an output of over 2.2 million tonnes per annum and will be integrated with Breedon's existing operations in the region, enhancing the Group's US platform and unlocking opportunities for further growth through vertical integration.
The transaction is expected to be immediately margin and earnings enhancing and was funded through Breedon's existing Revolving Credit Facility. Following the transaction, the Group's pro-forma covenant leverage at 31 December 2025 would have been 2.0x which remains in line with the Group's financial framework.
The acquisition is in line with Breedon's stated strategy to expand through disciplined, value-accretive M&A as the Group scales its US business.
Rob Wood, Chief Executive Officer of Breedon Group plc, said: "The acquisition of Falling Springs Quarry represents an attractive bolt-on investment which strengthens our US platform with a premium aggregates asset in an exceptionally strategic location.
"The business is well-invested, highly cash generative and extremely complementary to our existing operations in the St Louis area, supporting our long-term growth ambitions in the United States."
