Armada Materials acquires Volunteer Materials group of companies, a leading vertically integrated aggregates producer serving middle Tennessee
TAMPA, FLORIDA– Armada Materials, LLC (“Armada” or the “Company”) is pleased to announce the acquisition of Volunteer Materials and its affiliate companies, including Volunteer Materials, LLC, Volunteer Paving, LLC, Volunteer Sand and Gravel, LLC, Volunteer Concrete, LLC, Action Enterprise Company, LLC, and TMC Construction Services, LLC (collectively, “Volunteer”). Located in Lewisburg, TN, Volunteer is a vertically integrated producer of aggregates, asphalt, and ready-mix concrete and is a provider of road paving and striping services in the greater Nashville area. Volunteer owns extensive, high-quality limestone reserves with proximity to the fast growing I-65 corridor south of Nashville. Volunteer is Armada’s first platform acquisition in a region where several major companies have announced expansion plans and new job creation.
Chad Swallows, President of Volunteer, Michael Valesky, CFO, and the entire operating team will remain at Volunteer to help further growth opportunities. Todd Carson, former owner of Volunteer, will provide on-going support as an advisor to the Company. “It is a pleasure to announce the acquisition of Volunteer, a vertically integrated aggregates business in one of the fastest growing markets in the U.S.”, commented Armada CEO Rob Duke. “We want to welcome all employees at Volunteer. Chad and his team will continue leading Volunteer on a day-to-day basis, and the company’s strong brand and operating names will remain unchanged.”
“Armada has the right approach”, commented former owner of Volunteer, Todd Carson. “They know the value of the local team and the importance of culture. I was impressed with the professionalism of the Armada team, and how they handled confidentiality during the sale process. They are good people and I know my business is in excellent hands.”
About Armada Materials
Armada Materials, based in Tampa, FL, is a rapidly growing producer of aggregates, asphalt, and other infrastructure materials and services. Armada was formed by industry veterans to grow through strategic acquisitions of companies supplying essential construction materials in key growth regions of the U.S. For more information, please visit www.armadamaterials.com