This website is using a security service to protect itself from online attacks. CMO Locations Making sure SRM Concrete follows safe practices within its various divisions is something that has proven to be a demanding task, considering the far-flung nature of the company, its vast number of employees and the type of work that is performed. Visit Website. The division is only a few years old but already counts 16 quarries that include plants to create crushed limestone, river rock and natural sand products. Ceasars Equipment Finds 'Sweet Spot' With 10-Ft. Screener, Keestrack Plug-In Electric Crushing, Screening Converts Demo Waste to Construction Material, First Powerscreen Premieretrak 600E in Ireland Goes to Collen Bros, VIDEO: Rokbak RA30 Delivers On All Fronts for Skene Group, Terex MP Announces Purchase of MARCO Conveyors, Autonomous Crushing With SBM Mineral Processing's REMAX 600, SBM Mineral Processing: Hybrid 'By Nature', Alta Helps L.A. In fact, he added, "There is not one complaint against Power Equipment that I could ever make. SRM acquires Sequatchie Concrete serving the East TN, North AL, and North GA markets. Contact Us However, BBB does not verify the accuracy of information provided by third parties, and does not guarantee the accuracy of any information in Business Profiles. Your IP: With very little money and three trucks, we built a concrete plant in our own backyard at 4500 Hickory Grove Road in Murfreesboro, Tenn. Our Team The J.P. Morgan-led deal launched with a lender call today, and commitments are due at 5 p.m. SRM acquires Florida based Griswold Concrete and KMR Concrete. Company Store (MJKK) is a wholly-owned credit rating agency subsidiary of Moody's Group Japan G.K., which is wholly-owned by Moodys Overseas Holdings Inc., a wholly-owned subsidiary of MCO. 51 Champion Rd. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. Through SRM Products, the parent company has expanded into building and maintaining facilities to support its different construction services, such as warehouses that stock and deliver a variety of concrete related products, including rebar, wire mesh, form lumber, masonry materials, waterproofing materials, decorative and color materials and finishing tools. BBB Business Profiles generally cover a three-year reporting period. Featured Products Smyrna Ready Mix - Overview, News & Competitors | ZoomInfo.com About Us MOODYS CREDIT RATINGS, ASSESSMENTS, OTHER OPINIONS AND PUBLICATIONS DO NOT COMMENT ON THE SUITABILITY OF AN INVESTMENT FOR ANY PARTICULAR INVESTOR. Das Naes Unidas 14401, Torre Hotel Chcara Santo Antnio So Paulo, BR-SP. . AND/OR ITS AFFILIATES. With very little money and three trucks, we built a concrete plant in our own backyard at 4500 Hickory Grove Road in Murfreesboro, Tenn. Smyrna Ready Mix Concrete LLC - Company Profile and News info@smyrnareadymix.com Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. This addition is one of SRMs largest acquisitions to date with over 600 new team members. Meritain Information SRM acquires Kentucky based All-Rite Ready Mix and Tucker Ready Mix. SRM acquires Detroit based McCoig Concrete. Metro Ready Mix Concrete | The Greystone Group Our Team Price talk for the seven-year covenant-lite term loan B is L+375-400, with a 0.75% Libor floor, offered at 99. SRM acquires Sagamore Ready Mix in the Indianapolis market. (615) 922-8300 (Espaol), SRM 401(k) Profit Sharing Plan and Trust Annual Notice, SRM Acquires Young Trucking in Southwest Florida, SRM Acquires Titan Ready Mix in Covington, GA, SRM Acquires Darby Ready Mix in Southeast Michigan, SRM Acquires Clinton-Tecumseh Aggregates in Southeast Michigan, SRM Acquires 18 Argos ready-mix locations in NC and Florida, SRM Acquires 37 ready-mix locations in Colorado, Wyoming, and Texas, SRM Acquires Charley's Concrete in the DFW Market, SRM Acquires JJ's Concrete in Central Indiana, SRM Acquires Louisville-based Allstate Ready Mix, SRM Acquires Jones & Stone Drilling in Middle Tennessee, SRM Acquires Bowling Green Concrete in South Central Kentucky, SRM Acquires T&H Concrete Products in Lewisburg, TN, SRM Acquires Indiana Phoenix Mixer Company, Hollingshead Cement Opens Cement Terminal in Middletown, OH. . Company Store 18of the plants are situated in North Carolina and the remainder in Southwest Florida. The company operates within two primary segments: (i) ready-mixed concrete, which accounts for more than 90% of revenue, and (ii) aggregates and other construction materials, which accounts for the remaining % amount.Smyrna's revenue for the last twelve months ending December 31, 2021, was about $1.5 billion.REGULATORY DISCLOSURESFor further specification of Moody's key rating assumptions and sensitivity analysis, see the sections Methodology Assumptions and Sensitivity to Assumptions in the disclosure form. MOODYS ISSUES ITS CREDIT RATINGS, ASSESSMENTS AND OTHER OPINIONS AND PUBLISHES ITS PUBLICATIONS WITH THE EXPECTATION AND UNDERSTANDING THAT EACH INVESTOR WILL, WITH DUE CARE, MAKE ITS OWN STUDY AND EVALUATION OF EACH SECURITY THAT IS UNDER CONSIDERATION FOR PURCHASE, HOLDING, OR SALE.MOODYS CREDIT RATINGS, ASSESSMENTS, OTHER OPINIONS, AND PUBLICATIONS ARE NOT INTENDED FOR USE BY RETAIL INVESTORS AND IT WOULD BE RECKLESS AND INAPPROPRIATE FOR RETAIL INVESTORS TO USE MOODYS CREDIT RATINGS, ASSESSMENTS, OTHER OPINIONS OR PUBLICATIONS WHEN MAKING AN INVESTMENT DECISION. Smyrna Ready Mix LLC today completed its $830 million offering of eight-year senior secured notes via J.P. Morgan, BNP Paribas, BofA Securities, and Goldman Sachs. SRM acquires Georgia based CAB Concrete and Candler Ready Mix. SRM Concrete products are designed to increase the strength, workability, and quality of the concrete our customers receive. But that's not to say he isn't involved with SRM's operations. The company serves bulk cement throughout the Southeast and Midwest United States. BBB Business Profiles are subject to change at any time. If you choose to do business with this business, please let the business know that you contacted BBB for a BBB Business Profile. "[Dad] did not have a clue going in about what he was doing, and he had to work through that, but he had the good Lord's grace on his side," Ryan added. This document is intended to be provided only to wholesale clients within the meaning of section 761G of the Corporations Act 2001. Developed for ease-of-use and operator safety, ESCO's latest innovation the ESCO PosiGrab II hydraulic coupler has undergone extensive testing and benchmarking against similar products. CONTACT US CONCRETE CALCULATOR CUSTOMER LOGIN Products & Services ConcreteSRM MaterialsBlockProductsPumpingHollingshead CementHollingshead Harbor Customers About Us MOODY'S adopts all necessary measures so that the information it uses in assigning a credit rating is of sufficient quality and from sources MOODY'S considers to be reliable including, when appropriate, independent third-party sources. SRM acquires Vulcan Materials in Richmond, Virginia. SRM Concrete's presence, products, and services enable us to win in today's competitive marketplaces. JOURNALISTS: 1 212 553 0376 Client Service: 1 212 553 1653 Gretchen French Associate Managing Director Corporate Finance Group JOURNALISTS: 1 212 553 0376 Client Service: 1 212 553 1653 Releasing Office: Moody's Investors Service, Inc. 250 Greenwich Street New York, NY 10007 U.S.A. We started Smyrna Ready Mix to service our own concrete needs, because we were not receiving reliable customer service from the local ready-mix companies. For more information about Smyrna Ready Mix Concrete, visit www.smyrnareadymix.com. For years now, the Austrian processing specialist SBM Mineral Processing has been one of the technology leaders in economical hybrid drives and intelligent, interactive process controls for track-mounted crushing plants. The outlook remains stable.The rating upgrades reflect Moody's expectation of the continued strengthening of Smyrna's credit profile following the successful integration of several bolt-on acquisitions during 2020 and 2021, a larger and more geographically diversified revenue base, greater predictability of free cash flow, and a commitment by the management team to maintain modest leverage.The Ba3 rating assigned to the $650 million senior secured term loan facility maturing in 2029 and to the $1,100 million Senior Secured Notes maturing in 2028, is on par with the CFR reflecting their position as the preponderance of debt in Smyrna's capital structure. Proceeds will be used to fund certain acquisitions, refinance existing debt and for general corporate purposes. Price talk for the seven-year covenant-lite term loan B is L+375-400, with a 0.75% Libor floor, offered at 99. BBB asks third parties who publish complaints, reviews and/or responses on this website to affirm that the information provided is accurate. Featured Products SRM expanded its roster of quarries, Ryan noted, in what he described as "an organic fashion" to complement its other existing services in a particular marketplace. Smyrna Ready Mix LLC is a provider of ready-mix concrete, aggregates, and other concrete-related products and services. SRM acquires North Alabama based Keenum Concrete. SRM CONCRETE Revenue, Growth & Competitor Profile - IncFact.com Moody's assigns B1 CFR to Smyrna; B1 to sr. secured credit facility 2022 SRM Concrete, All Rights Reserved. SRM acquires 24 plants from Argos in the Dallas/Fort Worth market. Social Responsibilty Established in 1999 by Mike and Melissa Hollingshead in Smyrna, Tennessee, the family-owned company owns and operates an expansive network of ready-mix concrete plants, quarries, cement terminals, and other ancillary services. SRM Concrete | Quality Concrete, Unmatched Service Credit Application SRM acquires Southeast Ready Mix based in Savannah, Georgia. SRM opens new plant in Panama City Beach. SRM Concrete is pleased to announce the acquisition of USC-Atlantic, LLC, a subsidiary of U.S. Access the headquarters listing for Smyrna Ready Mix Concrete, LLC. . Careers, Place An Order The dedication and determination from an outstanding group of Mixer Operators drives the business growth and has allowed SRM Concrete to add more than 6,300 team members in 19 states. esgSubNav, Discover more about S&P Globals offerings, Global Credit and Risk Symposium: Unlocking Possibilities, JW Marriott Sao Paulo Av. SRM Acquires Transit Mix based in Johnson City, TN. Smyrna Ready Mix Concrete LLC is in market today with a $315 million term loan B, according to sources. (615) 355-1028 Click to reveal The level of drive, determination and faith that the Hollingshead family possesses is clearly behind SRM Concrete's success. Credit Application Smyrna Ready Mix Concrete LLC is in market today with a $315 million term loan B, according to sources. SRM acquires St. Johns River Concrete based in Palatka, Florida. CEO, Jeff Hollingshead stated, We are excited to expand into this incredible market. info@smyrnareadymix.com "That is what made him want to put up his own concrete plant.". Exceptions to this approach exist for the following disclosures, if applicable to jurisdiction: Ancillary Services, Disclosure to rated entity, Disclosure from rated entity.The ratings have been disclosed to the rated entity or its designated agent(s) and issued with no amendment resulting from that disclosure.These ratings are solicited. 5303 S Lake Houston Pkwy. SRM 401(k) Profit Sharing Plan and Trust Annual Notice, 1000 Hollingshead Circle 2022 SRM Concrete, All Rights Reserved. SRM Concrete opened the second quarter confirming the acquisition of 67 ready mixed plants in five states. It means so much more because we are working as a team, and we do everything together outside of work, like go to church and go on vacations.". "It has been a privilege to work with Harper Industries over the past . The J.P. Morgan-led deal launched with a lender call today, and commitments are due at 5 p.m. Locations Quarry Meet Growth Challenges, VIDEO: ESCO PosiGrab II Hydraulic Coupler, Place an equipment listing on Aggregate Equipment Guide. CEG. latest-news-headlines Aggregate Equipment Guide is the best source for news, how-to's and equipment for the Aggregate Industry. In addition, SRM Concrete Pumping Services is strategically located in the Midwest, Mid-South, and Deep South, while in Nashville, Houston, Detroit and Panama City, Fla., another of its divisions offers harbor delivery services to customers that need their raw materials moved quickly and efficiently. The deal was upsized from $515 million and pricing finalized at the wide end of guidance, according to market sources. esgSubNav, Discover more about S&P Globals offerings, Global Credit and Risk Symposium: Unlocking Possibilities, pulled a proposed $315 million, seven-year term loan B, Non-call three (first call at par +50% coupon), JW Marriott Sao Paulo Av. For a complete list of our locations and to learn more about SRM Concrete, please visit smyrnareadymix.com. (615) 355-1028. Social Responsibilty Financing also includes a $100 million ABL revolver due 2025 with a springing fixed-charge covenant, S&P Global Ratings said in a report. Our Team 152.228.212.223 Access the headquarters listing for Smyrna Ready Mix Concrete, LLC.
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