Summit Materials

What Summit Materials does

Summit Materials is a vertically integrated heavy-side construction materials producer founded in 2009 and headquartered at 1801 California Street in Denver, Colorado. The company operates through 12 wholly-owned operating subsidiaries (including Hamm, Con-Agg, Continental Cement, Kilgore, RK Hall, Boxley, Alleyton, American Materials, Troy Vines, Mainland, Cornejo, and Argos USA) across more than 400 locations in the United States and Canada, producing aggregates, cement, ready-mix concrete, and asphalt for construction companies, homebuilders, infrastructure developers, municipalities, and state transportation departments. Summit's core technology stack centers on proprietary sustainability assets: Portland Limestone Cement (a 10%-lower-carbon blended cement that fully replaced traditional production at Continental Cement under President David Loomes), the CarbonCure CO2-mineralization concrete pilot deployed across 11 plants in Texas and Utah, the eVue Environmental Management System, and the first commercial FuelFlex commissioning at Davenport, Iowa. Operational data is captured via Samsara telematics (all vehicles), My Utility Cabinet for utility tracking, and Coupa for procurement.

Summit generates revenue primarily through one-time, project-based B2B sales of aggregates, cement, ready-mix concrete, and asphalt with quote-based pricing that is not publicly disclosed. Go-to-market is sales-led, leveraging multi-generational local relationships through the operating-company network, direct sales teams for large construction projects, and a Coupa-based procurement portal. A secondary revenue stream comes from Green America Recycling, a wholly-owned Part B-permitted RCRA TSD facility that charges processing fees for hazardous and non-hazardous waste repurposed as alternative kiln fuel; this facility was expanded with $38 million of announced capex in September 2024. The company previously divested 10 non-core businesses for approximately $470 million in proceeds (2021–2022) under its Elevate strategy. On September 7, 2023, Summit completed the $3.2 billion acquisition of Argos USA, adding four cement plants, two cement grinding facilities, and ready-mix operations across five states to establish a nationwide platform. On February 10, 2025, Quikrete Holdings acquired all of Summit's common stock for $11.5 billion ($52.50 per share, a 36% premium to the 90-day volume-weighted average price), and Summit Materials now operates as a privately held subsidiary of Quikrete, no longer filing public financial disclosures.

Name

Summit Materials

Legal name

Summit Materials, LLC

Website

https://summit-materials.com

Company type

Private

Founded year

2009

Operating status

Acquired

Headcount range

5,001–10,000 employees

Short description

Summit Materials is a vertically integrated producer of aggregates, cement, ready-mix concrete, and asphalt operating through 12 wholly-owned subsidiaries across 400+ North American locations. It serves construction companies, homebuilders, infrastructure developers, municipalities, and state DOTs via direct B2B sales. As of February 2025, it operates as a privately held subsidiary of Quikrete Holdings.

Ownership category

akta.pro rank

Product category

Construction Materials

NAICS

Construction Sand and Gravel Mining (212321), Other Nonmetallic Mineral Mining and Quarrying (21239), Asphalt Paving, Roofing, and Saturated Materials Manufacturing (32412), Other Concrete Product Manufacturing (327390)

SIC

Mining & Quarrying Of Nonmetallic Minerals (No Fuels) (1400), Concrete Products, Except Block & Brick (3272), Asphalt Paving & Roofing Materials (2950)

akta.pro primary industry

Construction Aggregates Mining & Processing (Sand, Gravel, Crushed Stone) (IMADAAAI)

akta.pro secondary industries

Aggregate Processing & Value-Added Products (Washing, Screening, Asphalt/Concrete Aggregates) (IMAKAHAH), Asphalt Aggregates & Specialty Aggregates (Rail Ballast, Riprap, Lightweight) (IMADAAAJ), Recycled Aggregates & C&D Materials Processing (RCA, RAP, Glass Aggregate) (IMAKAHAI)

Keywords

• Construction materials supply
• Aggregate and cement production
• Ready-mix concrete
• Asphalt paving materials
• Heavy building products

Headquarters

HQ city

Denver

HQ country

United States

HQ region

North America

Offices15 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. Construction Materials Sales: Summit Materials generates revenue primarily through the production and sale of construction materials including aggregates, cement, ready-mix concrete, and asphalt. These products are sold to construction companies, homebuilders, infrastructure developers, and municipalities. Revenue is generated on a project-by-project basis with no recurring subscription component.
2. Services (Recycling and Waste Management): Summit Materials provides recycling and waste management solutions through its subsidiaries including Green America Recycling, which charges customers for processing hazardous and non-hazardous waste materials as alternative fuels in cement manufacturing.

Go-to-market motion1 record

Distribution channels4 records

Marketing channels6 records

Core offering

Summit Materials produces and sells heavy-side construction materials — aggregates, cement, ready-mix concrete, and asphalt — from more than 400 quarries, cement plants, and production facilities across the United States and Canada. The company sells these materials primarily to construction companies, homebuilders, infrastructure developers, and state and municipal transportation departments, with materials typically delivered to job sites via company trucking fleets or via barge and rail where available. It also offers recycling and waste-management services, paving and construction services through operating subsidiaries, and lower-carbon product innovations including Portland Limestone Cement and CarbonCure concrete technology.

Product overview

Summit Materials is a national leader in vertically integrated construction materials, operating as a platform of building materials businesses. The core product portfolio consists of four main product lines: Aggregates (sourced from quarries across the US and Canada), Cement (produced at Davenport, IA and Hannibal, MO plants), Ready-Mix Concrete (available in dry-mix and wet-mix formulations), and Asphalt. Beyond these core products, the company offers a comprehensive range of services including aggregates delivery & trucking, recycling and waste management, and paving/construction services. The company has developed sustainable product innovations including Portland Limestone Cement (PLC) with 10% lower carbon footprint and CarbonCure technology that injects CO₂ into concrete. The platform is comprised of 12 operating companies/acquired brands including Alleyton Resource, American Materials Company, Argos Cement, Boxley Materials, Con-Agg, Continental Cement, Cornejo, Hamm Companies, Kilgore Companies, Mainland Construction Materials, RK Hall Construction, and Troy Vines, spanning aggregates, cement, ready-mix, asphalt, and related services across North America.

Differentiator

Problem solved

Functional benefit

Products and services

• Aggregates Essential construction materials sourced from quarries across the U.S. and Canada that provide strength and stability to roads, bridges, homes, and skyscrapers, and serve as the primary input for asphalt and concrete production. Sold to construction companies, infrastructure developers, and government entities.
• Cement High-quality cement products engineered for strength, durability, and sustainability, manufactured at Continental Cement Company plants in Hannibal, Missouri and Davenport, Iowa, plus Argos USA cement facilities. Sold to construction companies and infrastructure developers for use in concrete production.
• Ready-Mix Concrete Engineered concrete mixes tailored to specific project needs, available in dry-mix and wet-mix types, used for residential foundations to large-scale infrastructure projects with a commitment to sustainability, precision, and on-time delivery.
• Asphalt High-quality asphalt products and paving services designed for durability, performance, and sustainability, forming the backbone of roadways and produced by combining aggregates with liquid asphalt; 100% renewable with approximately 60 million tons recycled annually in the U.S.
• Aggregates Delivery & Trucking Transportation services for aggregates including trucking delivery typically within ~50 miles of quarries, plus barge and rail distribution at locations with waterway or rail access; Mainland Construction Services ships about 65% of its aggregates via barge and rail car.
• Recycling and Waste Management Services Comprehensive recycling and waste-management solutions offered across Summit's operations to reduce environmental impact, promote resource conservation, and support a circular economy. Includes hazardous and non-hazardous waste processing through the Green America Recycling subsidiary.
• Portland Limestone Cement (PLC) Blended cement with higher limestone content that performs the same as traditional portland cement but delivers an average 10% reduction in carbon footprint; positioned as a lower-carbon cement alternative for construction projects.
• CarbonCure Sustainable Concrete Concrete produced using CarbonCure technology that injects a precise dosage of CO2 into concrete during mixing; the CO2 undergoes a chemical reaction and converts into a mineral, improving concrete performance and compressive strength while reducing cement content and carbon footprint.
• Green America Recycling (GAR) Alternative Fuel Services Part B-permitted RCRA Treatment, Storage, and Disposal facility operating adjacent to the Hannibal, Missouri cement plant, providing alternative fuels for cement manufacturing by processing hazardous and non-hazardous waste materials; a $38M expansion was announced in September 2024.

Quantifiable outcome

• Portland Limestone Cement reduces carbon footprint by average 10% compared to traditional portland cement
• +3 more outcomes

Named customers4 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration4 records

Feature7 records

Partnerships

Seven partnerships are on record, tiered core, flagship and supporting.

• Green America RecyclingcoreStrategic or Co-development Partner · 11 September 2024Green America Recycling (GAR) is a wholly-owned subsidiary of Continental Cement Company (CCC) that operates a Part B-permitted RCRA Treatment, Storage, and Disposal (TSD) facility adjacent to the Hannibal, Missouri cement plant. GAR provides alternative fuel for cement manufacturing by processing hazardous and non-hazardous waste materials. Summit announced a $38M expansion of the GAR facility in September 2024.
• Portland Cement Association (PCA)coreStrategic or Co-development Partner · 1 October 2021Summit Materials signed the Portland Cement Association's Roadmap to Carbon Neutrality in October 2021, committing to carbon neutrality across the cement and concrete value chain by 2050. This industrywide plan involves collaboration with industry experts, researchers, and policymakers on carbon reduction strategies including production at cement plants, design and construction, and infrastructure use.
• CarbonCureflagshipTechnology or Integration · 1 January 2021Summit is actively piloting CarbonCure's sustainable concrete technology, which injects CO2 into concrete during mixing to mineralize it and improve compressive strength while reducing cement content and carbon footprint. In 2021, pilot testing was completed at Con-Agg Companies in Columbia, Missouri, and Allied Concrete in Houston, Texas, with expansion to four additional plants in Texas and seven in Utah in 2022.
• SamsaracoreTechnology or IntegrationSummit Materials uses Samsara's third-party telematics platform for fuel consumption tracking, safety performance monitoring, and emissions tracking across all Summit-owned vehicles. The system tracks fuel consumption, emissions, and active vs. idle time to set targets for longer-term emission reduction and cost savings.
• My Utility Cabinet (MUC)supportingTechnology or IntegrationSummit uses My Utility Cabinet, a third-party invoice tracking program for monitoring usage and cost of purchased electricity, natural gas, and municipal water withdrawals across the organization to drive enhanced energy efficiency.
• Universities (AI Research Partnerships)supportingStrategic or Co-development PartnerSummit Materials partners with universities investigating artificial intelligence solutions for ready-mix concrete optimization as part of its innovation and pilot program initiatives.
• Wildlife Habitat Council (WHC)supportingStrategic or Co-development PartnerSummit Materials began a partnership with the Wildlife Habitat Council in 2014 to advance land and wildlife conservation efforts. WHC promotes and certifies habitat conservation and management on corporate lands. Summit's certified habitat programs have expanded to include thousands of managed acres.

Scale indicators10 records

Recent moves8 records

Expansion highlights6 records

Direct peers

• Vulcan Materials Company: Largest US producer of construction aggregates with vertically integrated ready-mix concrete operations across the Sun Belt and key growth MSAs. Direct competitor to Summit in aggregates and ready-mix, with similar business model of quarry reserves + downstream vertical integration.
• Martin Marietta Materials: Vertically integrated aggregates, cement, ready-mix concrete, and asphalt producer operating across the US with a national footprint. Closest direct competitor to Summit given similar product portfolio, scale, and end-market exposure.

Broad incumbents

• CRH plc: Ireland-based global building materials leader with US operations (including Ash Grove Cement acquired in 2018) covering aggregates, cement, ready-mix, asphalt, and building products. Overlaps with Summit across all four core product lines and competes in many of the same US geographies.
• Holcim Ltd: Global leader in cement and aggregates with US operations including Aggregate Industries. Competitor to Summit's cement and aggregates lines and a reference for sustainability positioning; David Loomes (Summit Cement President) previously held senior roles at Holcim/LafargeHolcim.
• Heidelberg Materials: Global building materials company with US operations (Lehigh Hanson) producing cement, aggregates, ready-mix concrete, and asphalt. Comparable to Summit in product breadth and vertical integration, with strong North American cement and aggregates presence.
• Cemex S.A.B. de C.V. Mexican-based global building materials leader with US cement, ready-mix, and aggregates operations. Competes with Summit in cement and ready-mix markets, particularly in the Sun Belt, and shares similar vertical integration strategy.
• Quikrete Holdings: Parent company of Summit Materials since February 2025; largest US producer of packaged concrete, cement, and masonry products. Complementary product portfolio (bagged/retail-focused) combined with Summit's bulk/heavy-side materials creates the largest US-focused construction materials platform.

Emerging players

• Eagle Materials Inc. US producer of cement, wallboard, and gypsum with notable cement operations in the Midwest and Mountain regions. Partial overlap with Summit's cement segment; smaller scale but focused cement play with US heartland market overlap.

Regional players

• Lehigh Hanson: US subsidiary of Heidelberg Materials producing cement, aggregates, ready-mix, and asphalt across North America. Competes with Summit in many of the same US regional markets, particularly in cement and aggregates, though structured as a regional subsidiary rather than a publicly-traded standalone.

Others

• U.S. Concrete (now part of Vulcan Materials): Former publicly-traded aggregates and ready-mix producer acquired by Vulcan Materials in 2021; relevant historical peer for benchmarking US heavy-side materials M&A multiples and operational benchmarks that frame Summit's own valuation and strategic positioning.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/SummitMaterial
• Facebookfacebook.com/summitmaterial
• LinkedInlinkedin.com/company/summit-materials

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Subsidiaries13 records

Funding overview

Funding rounds8 records

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A11 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Summit Materials