BCC Advisers

Concrete Supply, Inc. Acquires Hamilton Redi-Mix

July 11, 2022

BCC Advisers is pleased to share the following announcement regarding the sale of our client, Hamilton Redi-Mix (HRM), to Concrete Supply, Inc. (CSI), a combination of two Iowa companies that have served Central and Western Iowa customers for a combined 100+ years. BCC served as HRM’s investment banker and advised in negotiations throughout all aspects of the sale process.

Hamilton Redi-Mix has been providing commercial, municipal, agricultural, and residential customers with ready-mix concrete delivery in North Central Iowa for 46 years. Additional products include washed sand, washed pea rock, pit run gravel, washed river rock, topsoil, and fill dirt. Founded in Jefferson, Iowa, the business has grown to include three modern batch plants, a sand and gravel operation, and a fleet of late model mixer trucks, dump trucks, and heavy equipment. HRM is in its second generation of ownership, employing approximate 30 people.

HRM president Bob Hamilton stated, “The Hamilton family and our employees appreciate the relationships we’ve built over the past 46 years and look forward to continuing those great partnerships into the future. Joining with Concrete Supply will expand our customer base greatly, allowing us to provide quality products and services on even more projects.”

With headquarters in both Des Moines and Omaha, Concrete Supply has over 25 plants with over 300 employees offering concrete deliveries to the Des Moines metro area, West Central Iowa, Southwest Iowa, and Omaha, Nebraska. CSI has supplied ready-mix concrete for over 60 years and can supply equipment and labor to projects large or small. CSI produces over one million yards of concrete annually.

“The Rasmussen Group is excited to add Hamilton Redi-Mix to our wide-ranging portfolio of construction companies,” shared Tim Mallicoat, Chief Executive Officer of the Rasmussen Group. “HRM is a great fit with Concrete Supply, sharing values of providing customers with quality products and outstanding service.”

About Hamilton Redi-Mix

Headquartered in Jefferson, Iowa, Hamilton Redi-Mix operates three ready-mix concrete plants throughout North Central Iowa serving Greene, Boone, and Webster counties. Each of the ready-mix concrete plants in Jefferson, Boone, and Fort Dodge are equipped with the latest in computerized batching equipment to accurately batch high quality concrete to meet project requirements and can customize concrete mixes offering numerous additives to enhance the performance of concrete during and after placement.  www.hrmconcrete.com.

About Concrete Supply, Inc.

As a premier ready-mix supplier for more than 60 years, Concrete Supply provides service to Western Iowa, Central Iowa, and Omaha, Nebraska. Our 25 central mix and dry batch ready-mix plants are strategically located to provide customers with the best quality ready-mix concrete. Whether a project requires one yard or 100,000 yards, our full-service capabilities to supply product, equipment, and labor get the job done safely, on time, and to exact specifications.  www.rasmussengroup.com/concretesupply.

About Rasmussen Group

The Rasmussen Group is an Iowa-based company with over a century of construction experience and expertise. Based in Des Moines, Iowa, the Rasmussen Group represents nine companies specializing in bridge construction, marine contracts, concrete and asphalt supply, paving, heavy hauling, dump trucks, crane operations, and fabricating steel. Providing excellent, complete customer service with one phone call, our diversified experience across many collaborating construction fields ensures for an on-time, safe, professional build that will keep projects on budget and provide for successful completion.  www.rasmussengroup.com.

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