Coastal Concrete, Inc., headquartered in Bluffton, South Carolina,
was purchased from the first close proceeds of Park Avenue Equity Partners
II, L.P. The
Company is a leading supplier of ready-mixed concrete in both metropolitan
and suburban markets in the rapidly growing Southeastern coastal region
from South Carolina to Florida. The Company operates 11 ready-mixed
concrete plants, three portable batch plants and owns a fleet of approximately
110 mixer trucks. The Company owns an additional five inactive
ready-mixed concrete plants, two of which it is bringing on-line in
the first half of 2007. The Company has no immediate plans
for the further three inactive sites. The Company also operates
two sand pits located in Savannah, GA and Columbia, SC, which supply
approximately 35% of internal consumption. |
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