Armada Materials Completes Acquisition in Middle Tennessee

TAMPA, Fla.--(BUSINESS WIRE)--Armada Materials, LLC (“Armada” or the “Company”), a rapidly growing producer of aggregates, asphalt, and other infrastructure materials and services, today announced that it has acquired the assets of Wright Paving Contractors, Inc. and Custom Stone, LLC (“Wright Companies”) of Fayetteville, Tennessee.

Founded in 1973 with only three trucks, the Wright Companies have since expanded into asphalt and aggregates production, milling and paving, while also growing to 50 employees across locations in Pottsville, Shelbyville, and Fayetteville. The Wright Companies will be combined with Armada’s existing Volunteer Materials operations in Tennessee.

Tommy Wright, owner of the Wright Companies, said, “We are excited about the combination of our family’s business with the Volunteer Materials platform. The Armada team has consistently stood on their word and was able to make this a smooth transition for me, my family, and our wonderful employees.”

Grad Wright, who will continue as Operations Manager, added, “I look forward to partnering with Armada and the Volunteer team to continue delivering excellent quality and service to our customers throughout Middle Tennessee.”

Rob Duke, CEO of Armada, commented, “We are pleased to join with the Wright Companies and their team to grow the Armada Materials family of companies. We look forward to combining the extremely talented professionals of both the Wright Companies and our existing platform company, Volunteer Materials. As a combined organization with an expanded footprint, we are well positioned to provide infrastructure materials in the fast-growing Middle Tennessee market.”

About Armada Materials

Armada, based in Tampa, FL, was formed to build a leading infrastructure materials and services business through strategic acquisitions. Armada was founded by Rob Duke, along with a group of investors including several industry veterans, and Kelso & Company, L.P., a middle-market private equity firm founded in 1980 on the principles of partnership and alignment of interests. For more information, please visit www.armadamaterials.com