Lehman Roberts Company

What Lehman Roberts Company does

Lehman-Roberts Company is a vertically integrated hot mix asphalt producer and paving contractor headquartered in Memphis, Tennessee, operating since 1942. The company produces asphalt materials at multiple company-owned plants (Plants 1, 5, 6, 7, 10, and 11) across Tennessee and Mississippi, and provides professional paving services for highway, municipal, and commercial projects. Sister company Memphis Stone & Gravel supplies aggregate materials supporting internal production. The combined enterprise employs approximately 350 people across 15 Mid-South locations spanning Western Tennessee, Northern Mississippi, and Eastern Arkansas.

The company's core products include hot mix asphalt for highway and commercial paving applications, paving and resurfacing services, and aggregate materials. Technical capabilities are anchored by AASHTO-accredited laboratory testing (Plant 6), a proprietary Total Process Reliability (TPR) equipment maintenance program, the C.L.A.I.R.E. Initiative for preventive maintenance, and a custom QC mix testing tool. Quality has been externally validated through 2025 NAPA Diamond Achievement Commendations for three facilities and NAPA Quality in Construction Awards for highway projects in Mississippi and Tennessee.

Lehman-Roberts operates a B2B project-based business model, generating revenue through transaction-fee pricing on asphalt products, paving services, and aggregate sales. The go-to-market is direct field sales targeting state Departments of Transportation (TDOT, MDOT) and commercial construction contractors, delivered through field crews and equipment at project sites. Following the December 2023 acquisition by Granite Construction Company (NYSE: GVA), Lehman-Roberts operates as a wholly owned subsidiary under the "Lehman-Roberts, A Granite Company" brand, with Granite providing capital backing, operational resources, and integration into its Southeast home market strategy.

Name

Lehman Roberts Company

Legal name

Lehman-Roberts Company

Website

https://lehmanroberts.com

Company type

Private

Founded year

1942

Operating status

Operating

Headcount range

251–500 employees

Short description

Lehman-Roberts Company is a Memphis-based hot mix asphalt producer and paving contractor operating across the Mid-South, serving Tennessee and Mississippi state transportation departments and commercial contractors with vertically integrated asphalt production, paving services, and aggregate supply under Granite Construction ownership.

Ownership category

akta.pro rank

Product category

Asphalt Paving & Construction Materials

NAICS

Asphalt Paving Mixture and Block Manufacturing (324121), Asphalt Paving, Roofing, and Saturated Materials Manufacturing (32412)

SIC

Asphalt Paving & Roofing Materials (2950)

akta.pro primary industry

Asphalt Mixing & Paving Materials (Hot/Warm/Cold Mix, RAP/RAS Blends) (EUALAKAG)

Keywords

• Asphalt paving services
• Hot mix asphalt
• Road construction
• Asphalt production
• Construction aggregates

Headquarters

HQ city

Memphis

HQ country

United States

HQ region

North America

Offices6 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Asphalt Paving Services: Provides asphalt paving services for highways, roads, and infrastructure projects for government and commercial customers.
2. Asphalt Products/Construction Materials: Produces and sells asphalt materials from multiple plants across the Mid-South region.
3. Aggregate Materials: Sister company Memphis Stone & Gravel supplies aggregate materials supporting asphalt production operations.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels6 records

Core offering

Lehman-Roberts Company manufactures hot mix asphalt products at multiple company-owned plants (Plants 1, 5, 6, 7, 10, and 11) across Tennessee and Mississippi, and provides professional asphalt paving services for highways, municipal roads, and commercial projects. The company operates as a vertically integrated asphalt producer and paving contractor serving the Mid-South region, supported by an in-house AASHTO-accredited quality control laboratory and an affiliated aggregate supplier (Memphis Stone & Gravel).

Product overview

Lehman-Roberts Company operates as an asphalt products and paving services provider offering a vertically integrated operation spanning asphalt production through paving construction. The core portfolio includes asphalt products manufactured at multiple company-owned plants (Plants 1, 5, 6, 7, 10, and 11) and professional paving services for highways, municipal roads, and commercial projects across the Mid-South. Quality control testing services ensure product specifications are met, with the Plant 6 laboratory holding AASHTO accreditation. The company operates as a wholly owned subsidiary of Granite Construction Company following acquisition in December 2023, alongside affiliated aggregate supplier Memphis Stone & Gravel.

Differentiator

Problem solved

Functional benefit

Products and services

• Asphalt Products
• Paving Services
• Asphalt Plants (Multiple Locations)
• Quality Control Testing Services

Quantifiable outcome

• Three asphalt facilities received 2025 NAPA Diamond Achievement Commendation
• +4 more outcomes

Named customers3 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

Feature4 records

Partnerships

Three partnerships are on record, tiered core and minor.

• Memphis Stone & GravelcoreStrategic or Co-development Partner · 1 January 2015Sister company and aggregate supplier. Companies have partnered for 11 consecutive years on Martin Luther King Day of Service projects spanning Memphis and Northern Mississippi. Combined they have 350 employees and 15 locations.
• Double T ConstructionminorStrategic or Co-development PartnerPartnered to support DeSoto Dream Center community project, demonstrating commitment to building stronger communities where they operate.
• Fleming ArchitectsminorImplementation/ SI/ Consulting PartnerDesigned the 85,000-square-foot Midtown headquarters building renovation.

Scale indicators5 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Construction Partners Inc. Publicly traded (NASDAQ: ROAD) civil infrastructure company operating asphalt plants and paving crews across the Sun Belt. Closest comparable in business model — vertically integrated hot-mix asphalt production and highway paving for state DOTs — though at larger scale and broader geographic footprint.
• Ergon Asphalt & Emulsions: Specialty asphalt emulsion and asphalt products producer with operations across the Mid-South and Southeast. Comparable as a focused asphalt products manufacturer with similar geographic orientation and customer overlap with state DOTs.

Broad incumbents

• Vulcan Materials Company: Largest US producer of construction aggregates (NYSE: VMC), with significant asphalt mix operations as a downstream extension of its aggregate base. Comparable as a vertically integrated aggregates-asphalt supplier and broader incumbent in the same materials category, though national rather than regional in focus.
• Martin Marietta Materials: Major US aggregates and asphalt producer (NYSE: MLM) operating across multiple states. Comparable material overlap in asphalt mix manufacturing and aggregate supply, though Martin Marietta is substantially larger and more geographically diversified.
• Summit Materials: Vertically integrated construction materials company (NYSE: SUM) with aggregates, cement, and asphalt operations across the US. Comparable as a broad incumbent in the same downstream categories, though with a more diversified product mix and national footprint.
• Granite Construction Incorporated: Parent company of Lehman-Roberts (NYSE: GVA), a top-25 US general contractor and construction materials producer. Operates overlapping asphalt and aggregate businesses across the western US, and directly comparable as a vertically integrated paving/materials business — but at much larger scale and broader geographic scope.
• CRH plc: Global building materials leader (NYSE: CRH) with extensive US asphalt and aggregates operations through its Oldcastle Infrastructure and Materials Solutions divisions. Comparable as a diversified incumbent in the asphalt/aggregates space, though with much broader product portfolio and international footprint.
• Sterling Infrastructure: Diversified infrastructure services company (NASDAQ: STRL) with heavy civil, transportation, and building solutions segments. Comparable in serving transportation infrastructure end markets, though broader in scope than pure asphalt paving.

Regional players

• Boxley Materials: Regional aggregates and asphalt producer based in Virginia serving state DOT and commercial markets. Comparable as a vertically integrated regional aggregates-asphalt operator, though operating in a different geography (Mid-Atlantic vs. Mid-South).
• Fred Smith Company: Asphalt paving and grading contractor based in Raleigh, NC, serving NCDOT and commercial customers across the Carolinas. Comparable as a regional highway paving contractor with similar government-customer mix, though operating in the Southeast rather than the Mid-South.

Market position

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/LehmanRoberts
• YouTubeyoutube.com/@lehmanrobertsmemphisstone
• Facebookfacebook.com/LehmanRobertsCo
• LinkedInlinkedin.com/company/lehman-roberts-company
• Instagraminstagram.com/lehmanroberts

Compliance6 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Funding overview

Funding rounds

Investors

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

M&A

Investments

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

Frequently asked questions about Lehman Roberts Company