Advisor role assumed by Gump in WL Ross & Co.'s acquisition of Ready Mix and Aggregates firms

Gump Strauss Hauer & Feld LLP, a leading international law firm with over 850 attorneys, has advised WL Ross & Co. LLC on the closing of acquisitions by Permian Basin Materials, LLC (PBM). The acquisitions, which involve Crockett County Mining, Ltd., Highland Concrete Co., and Wallach Concrete, Inc., are expected to significantly expand PBM's footprint and capabilities in the construction materials industry.

PBM, a company focused on the production and distribution of construction materials, will now own 80% of the combined entities, while existing shareholders from the three businesses will own a combined 20%. This strategic move by WL Ross & Co. marks a significant increase in their presence in the oil and gas-rich Permian Basin region.

The Gump team working on this project included financial restructuring partner Lisa Beckerman, corporate partners Thomas Yang and Matt Zmigrosky, corporate associate Nicholas Houpt, and real estate counsel J.R. England. The closing of the acquisitions is subject to customary closing conditions and regulatory approvals.

Gump Strauss Hauer & Feld LLP has offices throughout the United States, Europe, Asia, and the Middle East. The firm's extensive global reach and expertise in various sectors made it an ideal choice for advising on this complex transaction.

Crockett County Mining, Ltd., Highland Concrete Co., and Wallach Concrete, Inc. are prominent players in the construction materials sector. The acquisitions by PBM are set to strengthen PBM's position in the industry and provide opportunities for growth and expansion.

It is worth noting that, at the time of writing, the name of the leader of Akin Gump Strauss Hauer & Feld LLP, the international law firm involved in the transaction, could not be ascertained from the available search results.

The acquisitions by PBM represent a significant milestone in the construction materials industry and underscore the strategic role that Gump Strauss Hauer & Feld LLP continues to play in advising on complex transactions. The firm's commitment to providing exceptional legal services and its global reach make it a trusted partner for businesses seeking guidance in various sectors.