Breedon Group, a leading construction materials company with operations in Great Britain, Ireland, and the United States, has announced the acquisition of Missouri-based Lionmark Construction Companies for $238 million. This strategic acquisition is expected to significantly boost Breedon’s U.S. operations, more than doubling its revenue in the region.

Lionmark, which specializes in construction materials and surfacing solutions, has established itself as a key player in the Missouri market. The deal will allow Breedon to diversify its U.S. product offerings by incorporating asphalt and surfacing into its portfolio. This acquisition is particularly timely, as Breedon anticipates strong growth in the market, driven by an increase in transportation infrastructure investments.

Lionmark’s deep-rooted relationships with state transportation authorities and major contractors further strengthen Breedon’s position in the U.S. market. The acquisition also provides Breedon with an opportunity to tap into established networks, fostering future growth opportunities.

Breedon executives are optimistic about the strategic fit of the acquisition. The company believes that Lionmark's experienced management team and high-quality asset base will make the integration process seamless. This acquisition aligns with Breedon's broader goal of scaling up its U.S. presence, which is already becoming comparable to its operations in Ireland.

“The acquisition of Lionmark … is expected to be immediately earnings enhancing for shareholders while allowing Breedon to maintain a conservative and flexible balance sheet to pay dividends and make further bolt-on acquisitions across each of our platforms as opportunities arise,” said Rob Wood, Breedon’s CEO. “In a year, we have built a U.S. business of scale that is already on a pro-forma basis the equivalent size of our Irish business. We are delighted to welcome our new colleagues to Breedon and look forward to working with them as we continue to expand Breedon’s presence in the United States.”

Breedon’s U.S. operations have rapidly expanded, and the addition of Lionmark will significantly accelerate this growth trajectory. Andy Arnold, managing director of Breedon U.S., echoed Wood’s sentiments, highlighting the importance of the acquisition for the company's long-term success in the U.S.

“The acquisition of Lionmark represents a significant milestone in the development of our U.S. business,” Arnold stated. “Lionmark is extremely complementary to our existing operations, diversifying our product to supply asphalt and surfacing solutions into an attractive market which is well-positioned for future growth.”

The acquisition is expected to provide immediate benefits to Breedon, including increased market share and enhanced product offerings. With Lionmark’s expertise and strategic position in the U.S., Breedon is poised to capitalize on the growing demand for construction materials in the country.

Looking Forward: The Future of Breedon in the U.S.

As Breedon continues to expand in the U.S. market, the company’s focus on diversifying its product offerings and strengthening its position within key infrastructure markets will remain central to its growth strategy. With its flexible financial position and commitment to further acquisitions, Breedon is well-positioned to take advantage of future opportunities in the growing U.S. construction industry.

The integration of Lionmark is just the latest step in Breedon’s ambitious expansion plan. By continuing to build its U.S. operations and establishing a strong foothold in critical markets, Breedon aims to become an even more formidable player in the North American construction materials sector.

As the company works to merge Lionmark into its existing U.S. framework, the shared vision of both organizations for growth and innovation will likely foster future success in the competitive construction materials industry.

Originally reported by Jack Kopanski in Pit & Quarry.