COSTA MESA, Calif.--(BUSINESS WIRE)--D.A. Davidson & Co. (“D.A. Davidson”), a full-service investment firm with a nationwide investment banking practice, served as exclusive financial advisor to LeGrand Johnson Construction Company (“LeGrand Johnson”), an aggregates-based, vertically integrated construction materials company operating in northern and central Utah, western Wyoming and southern Idaho, in its sale to Summit Materials, Inc. (NYSE: SUM, “Summit”), a leading vertically integrated construction materials company that supplies aggregates, cement, ready-mixed concrete and asphalt.
“We are excited that this acquisition will enable our company to continue the legacy of its founders, LeGrand and LaRee Johnson, and their family members who, together with hundreds of employees over the years, have worked so hard to make the company a success,” said Larry Jardine, CEO of LeGrand Johnson.
“We are proud to have served as financial advisor to LeGrand Johnson in this important industry transaction,” said James Keckler, director of infrastructure banking at D.A. Davidson. “This transaction highlights the continued drive toward greater scale and geographic continuity within the heavy materials industry, a trend we expect will continue.”
About D.A. Davidson & Co.
D.A. Davidson & Co. is a full-service investment firm with operations across the country. D.A. Davidson’s Equity Capital Markets Group offers a full suite of investment banking, institutional sales, trading, research and corporate services. D.A. Davidson’s investment banking team provides merger and acquisition services, strategic advisory and access to public and private capital markets. In addition, the firm’s industry-driven research teams offer award-winning research and are supported by a dedicated group of sales and trading professionals.
The Equity Capital Markets Group is based in Portland, Ore., and operates from offices in Baltimore; Boston; Chicago; Denver; Great Falls, Mont.; Minneapolis; New York; Orange County, Calif.; Salt Lake City; and Seattle.
D.A. Davidson & Co. is one of four firms within D.A. Davidson Companies, an 80-year-old, employee-owned financial services holding company.