Memphis Stone & Gravel

What Memphis Stone & Gravel does

Memphis Stone & Gravel Co. is a Mid-South construction aggregate producer founded in 1910 and headquartered in Memphis, Tennessee. The company extracts, processes, and distributes a portfolio of aggregate products — including sand, road base, pit run gravel, landscape rock, drainage rock, pea gravel, and concrete aggregate — meeting AASHTO, ASTM, MDOT, and TDOT specifications. Operations span multiple plant sites across Memphis, DeSoto, Perry, and Love (Mississippi), supplemented by eight in-house lab-testing facilities staffed by Level 3 certified asphalt technicians and an asphalt pavement analyzer at the main lab. Mining and processing operations use low-impact exploration methods, continuous flight auger drilling, and closed-loop water systems that eliminate waste and contamination.

The company serves three primary customer segments: infrastructure and highway construction (state DOTs including TDOT and MDOT, and large contractors), asphalt and ready-mix producers (requiring spec-compliant aggregate for concrete and hot-mix asphalt), and residential/commercial builders (landscaping, drainage, driveways). Revenue is generated through one-time aggregate sales priced by transaction with a $50 minimum order and a 10-ton minimum for deliveries. Distribution is sales-led via direct sales representatives, phone/email ordering, and coordination with independent haulers. Sister company Lehman-Roberts provides complementary asphalt paving services.

Since December 2023, Memphis Stone & Gravel has operated as a wholly owned subsidiary of Granite Construction Incorporated (NYSE: GVA), one of the top 25 largest U.S. construction companies. The Granite parentage provides procurement scale, contracting reach, and operational modernization investment. In July 2026, the company opened River Yard, a six-acre aggregate sales facility on the Mississippi River that receives barged limestone from Warren Paving's Slats Lucas Quarry in Salem, Kentucky, enabling re-entry into the stone market after decades of sand-and-gravel focus and reinforcing Granite's home-market strategy in the Southeast.

Name

Memphis Stone & Gravel

Legal name

Memphis Stone & Gravel Co.

Website

https://msgravel.com

Company type

Private

Founded year

1910

Operating status

Operating

Headcount range

11–50 employees

Short description

Memphis Stone & Gravel is a 1910-founded Memphis, Tennessee aggregate producer supplying sand, gravel, and stone products to DOT agencies, ready-mix and asphalt producers, and residential builders across the Mid-South. Since December 2023 it has operated as a wholly owned subsidiary of Granite Construction (NYSE: GVA).

Ownership category

akta.pro rank

Product category

Construction Aggregates

NAICS

Construction Sand and Gravel Mining (212321), Sand, Gravel, Clay, and Ceramic and Refractory Minerals Mining and Quarrying (21232), Nonmetallic Mineral Mining and Quarrying (2123)

SIC

Mining & Quarrying Of Nonmetallic Minerals (No Fuels) (1400)

akta.pro primary industry

Sand & Gravel Extraction & Processing (IMAKAHAB)

akta.pro secondary industries

Crushed Stone Quarrying & Processing (IMAKAHAA), Aggregate Processing & Value-Added Products (Washing, Screening, Asphalt/Concrete Aggregates) (IMAKAHAH), Limestone Quarrying (Industrial & Construction Grade) (IMAKAHAC)

Keywords

• Construction aggregates
• Sand and gravel
• Surface mining
• Aggregate processing
• Road base materials

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

Operations, Personnel, Supply Chain, Infrastructure

Revenue model

1. Aggregate Product Sales: Sale of various aggregate products including sand, road base, pit run gravel, landscape rock, drainage rock, pea gravel, and concrete aggregate. Products meet ASHTO and ASTM specifications.
2. Surface Mining Services: Mining operations extracting aggregate resources from property owners. Company may purchase or lease land with royalty arrangements for extracted materials.
3. Delivery Services: Delivery of aggregate materials to customers. Minimum delivery order of 10 tons required.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

Memphis Stone & Gravel mines, processes, and supplies construction aggregate materials including sand, road base, pit run gravel, landscape rock, drainage rock, pea gravel, and concrete aggregate. The company operates multiple plant sites across the Mid-South region, with eight lab-testing facilities ensuring products meet AASHTO, ASTM, and tri-state DOT specifications, and delivers materials to construction, infrastructure, ready-mix, and asphalt customers.

Product overview

Memphis Stone & Gravel is a construction aggregate materials supplier offering a diverse portfolio of sand and gravel products for various construction applications. The company provides finest grade sand, road base, pit run gravel, landscape rock, drainage rock, pea gravel, concrete aggregate, and specialty Gravel E. Products meet AASHTO and ASTM specifications as well as tri-state area DOT specs. The company operates eight lab-testing facilities for quality control and offers asphalt products through sister company Lehman-Roberts including paving services, site preparation, and hot-mix asphalt supply.

Differentiator

Problem solved

Functional benefit

Products and services

• Sand Finest grade aggregate used for concrete and asphalt mixing, backfill, water filtration, and snow and ice control.
• Road Base Coarse to medium grade aggregate used for highway beams, building and highway foundations, road and shoulder stabilization, pipe bedding, driveways, and pathways. Meets MDOT and TDOT specifications.
• Pit Run Gravel Coarse to medium grade clay pieces used for road construction.
• Landscape Rock Large grade gravel pieces used for erosion prevention, channel flow control, garden landscaping, and paths and walkways.
• Drainage Rock Medium to large grade stone pieces used for erosion control, fountain construction, driveways and non-paved roads, and flowerbeds and planters.
• Pea Gravel Small grade rounded stones used for pool decks and patios, fence post installation, playgrounds, and landscape decorative purposes.
• Aggregate for Concrete Coarse to medium grade gravel used in concrete and asphalt mix, building foundations, driveways, roads and bridges, swimming pools, and landscaping and drainage.
• Gravel E Small grade gravel combined with sand used for dewatering aggregate applications.
• Quality Control Lab Testing In-house lab testing facilities at each of eight sites ensuring products meet AASHTO and ASTM specifications, with Level 3 certified asphalt technicians and an asphalt pavement analyzer.

Quantifiable outcome

• All products meet ASHTO and ASTM specifications as well as tri-state area DOT specs
• +1 more outcomes

Named customers6 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Twelve partnerships are on record, tiered core and minor.

• Lehman-RobertscoreStrategic or Co-development PartnerSister company under same ownership. Companies partner on community service projects, share asphalt lab testing services, and collaborate on construction projects throughout western Tennessee, northern Mississippi, and eastern Arkansas.
• Warren PavingcoreChannel Partner/ Reseller/ DistributorWarren Paving's Slats Lucas Quarry in Salem, Kentucky supplies limestone products barged to Memphis Stone & Gravel's new River Yard facility, enabling the company to re-enter the stone market.
• Heavy Machines LLCminorStrategic or Co-development PartnerHeavy Machines LLC donated equipment (dozer) for Palmer Home for Children service project.
• Palmer Home for ChildrenminorStrategic or Co-development PartnerCommunity partner for service projects. Memphis Stone & Gravel supported improvements on the Palmer Home campus.
• National Stone, Sand & Gravel Association (NSSGA)minorOthersIndustry trade association member providing advocacy and recognition programs.
• Asphalt Pavement Association (NAPA)minorOthersIndustry trade association member for asphalt pavement industry.
• Associated General Contractors (AGC) of AmericaminorOthersIndustry trade association member for construction industry.
• Mississippi Asphalt Pavement Association (MAPA)minorOthersState industry association member.
• Tennessee Road Builders AssociationminorOthersState industry association member.
• MS Road Builders AssociationminorOthersState industry association member.
• Arkansas Asphalt Pavement AssociationminorOthersState industry association member.
• CMRCminorOthersIndustry association member.

Scale indicators5 records

Recent moves8 records

Expansion highlights6 records

Broad incumbents

• CRH plc (Oldcastle APG): Global building materials group with US aggregates and asphalt operations through Oldcastle APG serving infrastructure, commercial, and residential markets. Comparable end-market exposure and DOT-customer base.
• Holcim US: US arm of Holcim Group producing aggregates, cement, and ready-mix with broad geographic coverage including the Mid-South region. Comparable aggregate product offering and downstream concrete/asphalt customer base.
• Vulcan Materials Company: Largest US producer of construction aggregates (crushed stone, sand and gravel) with operations across the Sun Belt and Mid-South, including active quarries in Tennessee and Mississippi. Comparable in core product offering and DOT customer base, but at vastly greater scale and national footprint.
• Martin Marietta Materials: Major US supplier of aggregates (crushed stone, sand and gravel) and asphalt with a heavy Southeast and Mid-South presence. Closely comparable product mix and end-markets (highways, ready-mix, asphalt), though operating at materially larger scale.
• Summit Materials: Vertically integrated construction materials company with aggregate, cement, and ready-mix operations concentrated in the western and southern US. Comparable in offering aggregates to DOT and ready-mix customers with similar specification-driven products.
• Lehigh Hanson (Heidelberg Materials): North American subsidiary of Heidelberg Materials producing aggregates, ready-mix concrete, and asphalt with operations across the US, including the Southeast. Comparable aggregate product portfolio and DOT-customer overlap.
• CEMEX USA: US subsidiary of CEMEX supplying aggregates, ready-mix concrete, and cement to construction and infrastructure customers. Comparable in producing spec-grade aggregates for DOT and ready-mix customers, particularly in southern states.

Direct peers

• Rogers Group: Private aggregate and asphalt producer headquartered in Nashville, Tennessee, operating quarries across Tennessee, Kentucky, Alabama, and surrounding Mid-South states. Most direct comparable to MSG in geography, product mix (sand, gravel, crushed stone, asphalt), and DOT-customer base.
• Boxley: Family-owned aggregate producer operating in Virginia, West Virginia, and the Mid-Atlantic. Comparable as a private, multi-plant aggregate supplier focused on crushed stone, sand, gravel, and asphalt serving DOT and commercial customers.

Others

• Granite Construction Incorporated: Parent company and largest shareholder of MSG; also operates its own aggregate quarries and asphalt plants nationwide. Direct vertical integration and shared DOT customer base make it the parent peer for understanding MSG's strategic positioning and capital allocation.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xtwitter.com/Mem_StoneGravel
• YouTubeyoutube.com/channel/UCYID6k88hIaEXcQI5raU-5Q
• Facebookfacebook.com/MemphisStoneAndGravel
• LinkedInlinkedin.com/company/memphis-stone-&-gravel-company
• Instagraminstagram.com/memphisstoneandgravel
• TikToktiktok.com/@lehmanroberts?is_from_webapp=1&sender_device=pc

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

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 Memphis Stone & Gravel