SRM acquires St. Johns River Concrete based in Palatka, Florida. How has SRM Concrete responded to COVID-19? Follow Bloomberg reporters as they uncover some of the biggest financial crimes of the modern era. Alternatively, please see the Rating Methodologies page on www.moodys.com for a copy of this methodology.Smyrna Ready Mix Concrete, LLC is a manufacturer and retailer of ready-mixed concrete in Tennessee, Florida, Kentucky, Ohio, Indiana, Texas, Georgia, Colorado, Alabama, Arkansas, Michigan, South Carolina, North Carolina, Mississippi, Wyoming and Virginia. info@smyrnareadymix.com SAN DIEGO (August 5, 2014) - The Greystone Group announced today that it served as exclusive financial advisor to Harper Industries, Inc. in the sale of its subsidiary, Metro Ready Mix Concrete to Smyrna Ready Mix Concrete.Metro Ready Mix is the 3 rd transaction managed by Greystone for Harper in the past 5 years. It has surprised me, too, that despite being such a large distributor, dealing primarily with brands such as Komatsu, Epiroc and Sennebogen through Power makes it feel like you are working with a small, local company. SRM Acquires Transit Mix based in Johnson City, TN. Smyrna Ready Mix Concrete | Better Business Bureau Profile Thu December 23, 2021 Eric Olson - CEG CONTRIBUTING EDITOR. What was once a simple ready-mix plant is now a company capable of handling the multiple needs of countless numbers of building contractors. Within six months of launching the company, other area concrete finishers began ordering. SMYRNA, TN - November 25th, 2022. We just feel comfortable with them. Ryan Hollingshead (L), president of SRM Aggregates, and Mike Hollingshead, founder of SRM Concrete. (615) 922-8300 (Espaol), SRM 401(k) Profit Sharing Plan and Trust Annual Notice. 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. a wholly-owned credit rating agency subsidiary of Moody's Corporation ("MCO"), hereby discloses that most issuers of debt . Featured Products Because of the possibility of human or mechanical error as well as other factors, however, all information contained herein is provided AS IS without warranty of any kind. As a matter of policy, BBB does not endorse any product, service or business. By continuing to access this document from within Australia, you represent to MOODYS that you are, or are accessing the document as a representative of, a wholesale client and that neither you nor the entity you represent will directly or indirectly disseminate this document or its contents to retail clients within the meaning of section 761G of the Corporations Act 2001. SRM acquires North Alabama based Keenum Concrete. Featured Products Looking for more information? 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. Martin Marietta, Argos, Charley's deals close SRM Concrete's robust Q1 SRM Concrete is the largest privately-owned ready-mix concrete manufacturer in the country. "At SRM, we consider safety an investment in our employees, and we want to make sure that our people can clock in and out every day. Smyrna Ready Mix was founded for the purpose of providing superior customer service. BBB Business Profiles are subject to change at any time. Smyrna Ready Mix Employee Directory Smyrna Ready Mix corporate office is located in 1000 Hollingshead Cir, Murfreesboro, Tennessee, 37129, United States and has 828 employees. Smyrna Ready Mix Concrete serves construction industry in the United States. For a complete list of our locations and to learn more about SRM Concrete, please visit smyrnareadymix.com. SAFER Web - Company Snapshot SMYRNA READY MIX CONCRETE LLC - Transportation . SRM 401(k) Profit Sharing Plan and Trust Annual Notice, 1000 Hollingshead Circle It is classified as operating in the Nonmetallic Mineral Product Manufacturing industry. "Going forward, we expect this management team to remain focused on execution, pursue additional tuck-in acquisitions, and remain committed to a conservative financial policy. SRM opens new plant in Punta Gorda, Florida. Included in this acquisition are 28 ready-mix locations in New York, New Jersey, and Pennsylvania. Company Store SRMs Komatsu PC490-11 excavator loads an HD325-8 40-ton quarry truck. SRM acquires BayCrete Concrete and Alamo Ready Mix in Texas. US: Argos USA has agreed to sell a total of 23 US ready-mix concrete batching plants to Smyrna Ready Mix Concrete for US$93m. Smyrna Ready Mix Concrete, better known as SRM Concrete, offers a range of services, but its concentration on ready-mix, mining and materials production has made it one of the fastest growing operations in the eastern half of the United States. 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. 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. Featured Products Performance & security by Cloudflare. For more information about Power Equipment, visit www.powerequipco.com. SRM acquires Bigos Precast based in Fowlerville, Michigan. For more information about SRM Concrete, visit www.smyrnareadymix.com/locations.asp. BBB Business Profiles may not be reproduced for sales or promotional purposes. ET on Oct. 29. Due to the bond offering's size increase, the issuer pulled a proposed $315 million, seven-year term loan B. Smyrna Ready Mix LLC is a provider of ready-mix concrete, aggregates, and other concrete-related products and services. SRM acquires 24 plants from Argos in the Dallas/Fort Worth market. Smyrna Ready Mix provides ready mix concrete services to contractors, professional home builders, and do-it-yourself home owners, and provides material hauling and concrete pumping services. Locations This documentary-style series follows investigative journalists as they uncover the truth. Bloomberg Markets is focused on bringing you the most important global business and breaking markets news and information as it happens. The level of drive, determination and faith that the Hollingshead family possesses is clearly behind SRM Concrete's success. SRM opens new plant in St. Augustine, Florida. Access the headquarters listing for Smyrna Ready Mix Concrete, LLC. SRM Concrete | Quality Concrete, Unmatched Service SRM provides quality ready mix concrete and construction materials to our customers throughout sixteen states. Smyrna Ready Mix Concrete launches $315M TLB; commitments due Oct. 29 Meritain Information SRM Acquires Kentucky based Kentucky Concrete. MOODYS CREDIT RATINGS, ASSESSMENTS, OTHER OPINIONS AND PUBLICATIONS DO NOT COMMENT ON THE SUITABILITY OF AN INVESTMENT FOR ANY PARTICULAR INVESTOR. Cincinnati, OH 45226-2404. Company Store The El Colombiano newspaper has reported that the deal includes a five-year cement supply agreement for all 23 plants. L.A. Price talk for the seven-year covenant-lite term loan B is L+375-400, with a 0.75% Libor floor, offered at 99. Financing also includes a $100 million ABL revolver due 2025 with a springing fixed-charge covenant, Ratings notes. Close to home, for example, some of SRM's largest contracts have included the building of the downtown Nashville Convention Center, and the nearby Bridgestone Tower. Murfreesboro, TN 37129 Bloomberg Chief Washington Correspondent Joe Mathieu delivers insight and analysis on the latest headlines from the White House and Capitol Hill, including conversations with influential lawmakers and key figures in politics and policy. SRM acquires Reed Ready Mix based in Huntsville, Alabama. (615) 922-8300 (Espaol), SRM 401(k) Profit Sharing Plan and Trust Annual Notice. SRM opens Harbor in Panama City Beach, Florida. SRM acquires Kentucky based Grant County Ready Mix and Gallatin County Ready Mix. SRM Concrete opened the second quarter confirming the acquisition of 67 ready mixed plants in five states. Contact Information. Read more. SRM acquires Sequatchie Concrete serving the East TN, North AL, and North GA markets. The largest of four transactions announced April 1 netted 37 central Texas, Colorado and Wyoming sites from Martin Marietta Materials, which had indicated an asset sale agreement with SRM Concrete in mid-March. With its concrete production, SRM concentrates its attention on residential projects, he said, adding that it is working at many large home developments along the East Coast. Access the headquarters listing for Smyrna Ready Mix Concrete, LLC. Visit Website (513) 871 . SRM Concrete is pleased to announce the acquisition of USC-Atlantic, LLC, a subsidiary of U.S. Delivering quality concrete with unmatched service, Supplying quality stone and materials for customers, Providing quality concrete construction products, Faster and more accurately in hard to reach places. info@smyrnareadymix.com Aggregate Equipment Guide is the best source for news, how-to's and equipment for the Aggregate Industry. (615) 355-1028 Our Team ET on Oct. 29. 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. CMO Access the headquarters listing for Smyrna Ready Mix Concrete, LLC. 51 Champion Rd. The asset based revolving credit facility, which expires in 2026, is governed by a springing fixed-charge coverage ratio of 1.0x, that comes into effect if availability under the asset based revolving credit facility is less than 15% of the total revolver availability.The stable outlook reflects Moody's expectation that Smyrna will grow revenue organically, maintain good operating performance, generate solid free cash flow, and remain committed to modest leverage. "We now have over 300 concrete plants, and we have another set of deals coming up in the first quarter of 2022," Ryan Hollingshead said. Visit Website. Contact Us Although now headquartered in Nashville, the Hollingshead family company has not forgotten the site and the service that helped put it on the map years ago. SEE APPLICABLE MOODYS RATING SYMBOLS AND DEFINITIONS PUBLICATION FOR INFORMATION ON THE TYPES OF CONTRACTUAL FINANCIAL OBLIGATIONS ADDRESSED BY MOODYS CREDIT RATINGS. Metro Ready Mix Concrete | The Greystone Group Moody's Rating Symbols and Definitions can be found at: https://www.moodys.com/researchdocumentcontentpage.aspx?docid=PBC_79004.For ratings issued on a program, series, category/class of debt or security this announcement provides certain regulatory disclosures in relation to each rating of a subsequently issued bond or note of the same series, category/class of debt, security or pursuant to a program for which the ratings are derived exclusively from existing ratings in accordance with Moody's rating practices. The headquarters for SRM Concrete are in 1000 Hollingshead Circle Smyrna, TN 37129. SRM Concrete's annual revenues are over $500 million (see exact revenue data) and has over 1,000 employees. Moodys SF Japan K.K. Eric Johnson, president and founder of Ceasars Equipment, grew up around the aggregate business and has always had a passion for aggregate machines. "It has been a privilege to work with Harper Industries over the past . (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.