Blackstone's Summit Materials Buys Texas Paving Cos.

Law360, New York (November 10, 2011, 4:42 PM EST) -- Summit Materials LLC, Blackstone Group LP's concrete and construction investment arm, has further boosted its asphalt, quarry and paving presence in Texas with the acquisition of three Austin businesses, it said Thursday.

Summit snapped up Industrial Asphalt Inc., Asphalt Paving Co. of Austin Inc. and Ramming Paving Co. Ltd. for an undisclosed amount.

The purchase comes less than a year after Summit made its way into the Texas market with the purchase of Paris-based RK Hall Construction Ltd. and its affiliated businesses, whose paving and construction...
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