smyrna ready mix llc subsidiaries
Contact Information. latest-news-headlines SRM Concrete's annual revenues are over $500 million (see exact revenue data) and has over 1,000 employees. SRM acquires Reed Ready Mix based in Huntsville, Alabama. About Us All rights reserved.CREDIT RATINGS ISSUED BY MOODY'S CREDIT RATINGS AFFILIATES ARE THEIR CURRENT OPINIONS OF THE RELATIVE FUTURE CREDIT RISK OF ENTITIES, CREDIT COMMITMENTS, OR DEBT OR DEBT-LIKE SECURITIES, AND MATERIALS, PRODUCTS, SERVICES AND INFORMATION PUBLISHED BY MOODYS (COLLECTIVELY, PUBLICATIONS) MAY INCLUDE SUCH CURRENT OPINIONS. Within six months of launching the company, other area concrete finishers began ordering. The El Colombiano newspaper has reported that the deal includes a five-year cement supply agreement for all 23 plants. (615) 355-1028 Careers, Place An Order close alert. In addition, SRM Concrete Pumping Services is strategically located in the Midwest, Mid-South, and Deep South, while in Nashville, Houston, Detroit and Panama City, Fla., another of its divisions offers harbor delivery services to customers that need their raw materials moved quickly and efficiently. The SRM Materials Division, for instance, provides a vast range of products made or mined at facilities from Michigan to Florida, and as far west as Texas. When it is time to replace or add new units, SRM Concrete has chosen to purchase all its machinery from Power Equipment's Nashville branch, a testament to the expertise of the dealership that a construction services company of SRM's size would rely so heavily upon it. 51 Champion Rd. Locations CEO, Jeff Hollingshead stated, We are excited to expand into this incredible market. MOODYS PUBLICATIONS MAY ALSO INCLUDE QUANTITATIVE MODEL-BASED ESTIMATES OF CREDIT RISK AND RELATED OPINIONS OR COMMENTARY PUBLISHED BY MOODYS ANALYTICS, INC. Although it was not an inexpensive proposition to do so, and with little money of their own, the couple scraped together enough to erect what is today known as Smyrna Plant 1, a larger and still fully operational facility at 4500 Hickory Grove Road in Murfreesboro. 50.69421 \\ 3.17456 \\ 213.32.24.66 \\ Roubaix \\ Hauts-de-France. SRM acquires Detroit based McCoig Concrete. BBB Business Profiles are subject to change at any time. For almost 40 years, SBM Mineral Processing has been consistently using diesel-electric drive systems and is a supplier of cross-technological hybrids for track-mobile jaw and impact crushers from under 50,000 to 350,000 lbs. SRM acquires Florida based Superior Concrete, Xpress Materials, and A-Materials. SRM 401(k) Profit Sharing Plan and Trust Annual Notice, 1000 Hollingshead Circle 18of the plants are situated in North Carolina and the remainder in Southwest Florida. Our Team SRM Concrete is a family owned and operated ready-mix company founded by Melissa and Mike Hollingshead in 1999. [email protected] Smyrna Ready Mix LLC today completed its $830 million offering of eight-year senior secured notes via J.P. Morgan, BNP Paribas, BofA Securities, and Goldman Sachs. For further information please see the ratings tab on the issuer/entity page for the respective issuer on www.moodys.com.For any affected securities or rated entities receiving direct credit support from the primary entity(ies) of this credit rating action, and whose ratings may change as a result of this credit rating action, the associated regulatory disclosures will be those of the guarantor entity. Concrete, Inc., which is wholly owned by Vulcan Materials Company. Interestingly, the younger Hollingshead said that in 2014, SRM Concrete was able to buy out the ready-mix company that had earlier denied his father the products he needed for his one-man projects, which, in turn, led to the creation of the large multi-service firm. Please refer to Moody's Policy for Designating and Assigning Unsolicited Credit Ratings available on its website www.moodys.com.Regulatory disclosures contained in this press release apply to the credit rating and, if applicable, the related rating outlook or rating review.Moody's general principles for assessing environmental, social and governance (ESG) risks in our credit analysis can be found at http://www.moodys.com/researchdocumentcontentpage.aspx?docid=PBC_1288235.At least one ESG consideration was material to the credit rating action(s) announced and described above.The Global Scale Credit Rating on this Credit Rating Announcement was issued by one of Moody's affiliates outside the EU and is endorsed by Moody's Deutschland GmbH, An der Welle 5, Frankfurt am Main 60322, Germany, in accordance with Art.4 paragraph 3 of the Regulation (EC) No 1060/2009 on Credit Rating Agencies. It means so much more because we are working as a team, and we do everything together outside of work, like go to church and go on vacations.". SRM Acquires Indiana based Spurlino Materials. Read more. The asset based revolving credit facility, which expires in 2026, is governed by a springing fixed-charge coverage ratio of 1.0x, that comes into effect if availability under the asset based revolving credit facility is less than 15% of the total revolver availability.The stable outlook reflects Moody's expectation that Smyrna will grow revenue organically, maintain good operating performance, generate solid free cash flow, and remain committed to modest leverage. Investor Contact: Suzanne Osberg Vice President, Investor Relations (919) 783-4691 [email protected] MLM-G You can email the site owner to let them know you were blocked. Credit Application Because of the possibility of human or mechanical error as well as other factors, however, all information contained herein is provided AS IS without warranty of any kind. Although now headquartered in Nashville, the Hollingshead family company has not forgotten the site and the service that helped put it on the map years ago. CREDIT RATINGS, NON-CREDIT ASSESSMENTS (ASSESSMENTS), AND OTHER OPINIONS INCLUDED IN MOODYS PUBLICATIONS ARE NOT STATEMENTS OF CURRENT OR HISTORICAL FACT. What was once a simple ready-mix plant is now a company capable of handling the multiple needs of countless numbers of building contractors. Real-time data in the palm of your hand gives our customers confidence and control. SRM acquires Sequatchie Concrete assets in Middle TN. All customer reviews are handled by the BBB where the company is Headquartered or a central customer review processing location. Social Responsibilty SRM 401(k) Profit Sharing Plan and Trust Annual Notice, 1000 Hollingshead Circle Locations However, MOODYS is not an auditor and cannot in every instance independently verify or validate information received in the rating process or in preparing its Publications.To the extent permitted by law, MOODYS and its directors, officers, employees, agents, representatives, licensors and suppliers disclaim liability to any person or entity for any indirect, special, consequential, or incidental losses or damages whatsoever arising from or in connection with the information contained herein or the use of or inability to use any such information, even if MOODYS or any of its directors, officers, employees, agents, representatives, licensors or suppliers is advised in advance of the possibility of such losses or damages, including but not limited to: (a) any loss of present or prospective profits or (b) any loss or damage arising where the relevant financial instrument is not the subject of a particular credit rating assigned by MOODYS.To the extent permitted by law, MOODYS and its directors, officers, employees, agents, representatives, licensors and suppliers disclaim liability for any direct or compensatory losses or damages caused to any person or entity, including but not limited to by any negligence (but excluding fraud, willful misconduct or any other type of liability that, for the avoidance of doubt, by law cannot be excluded) on the part of, or any contingency within or beyond the control of, MOODYS or any of its directors, officers, employees, agents, representatives, licensors or suppliers, arising from or in connection with the information contained herein or the use of or inability to use any such information.NO WARRANTY, EXPRESS OR IMPLIED, AS TO THE ACCURACY, TIMELINESS, COMPLETENESS, MERCHANTABILITY OR FITNESS FOR ANY PARTICULAR PURPOSE OF ANY CREDIT RATING, ASSESSMENT, OTHER OPINION OR INFORMATION IS GIVEN OR MADE BY MOODYS IN ANY FORM OR MANNER WHATSOEVER.Moodys Investors Service, Inc., a wholly-owned credit rating agency subsidiary of Moodys Corporation (MCO), hereby discloses that most issuers of debt securities (including corporate and municipal bonds, debentures, notes and commercial paper) and preferred stock rated by Moodys Investors Service, Inc. have, prior to assignment of any credit rating, agreed to pay to Moodys Investors Service, Inc. for credit ratings opinions and services rendered by it fees ranging from $1,000 to approximately $5,000,000. "That is what made him want to put up his own concrete plant.". It has surprised me, too, that despite being such a large distributor, dealing primarily with brands such as Komatsu, Epiroc and Sennebogen through Power makes it feel like you are working with a small, local company. L.A. Our Team Read more. Smyrna Quarry - 88 5967 Hickory Grove Rd Murfreesboro, TN 37129 TN Travis Wagner . Headquartered in Smyrna, Tennessee, we serve customers in 19 states with more than 6,300 team members. [email protected] Rating Action: Moody's upgrades Smyrna's CFR to Ba3; Assigns Ba3 to senior secured debt; outlook stableGlobal Credit Research - 10 Mar 2022New York, March 10, 2022 -- Moody's Investors Service (Moody's) upgraded Smyrna Ready Mix Concrete, LLC's (Smyrna) Corporate Family Rating (CFR) to Ba3 from B1, Probability of Default Rating (PDR) to Ba3-PD from B1-PD, and the rating on the company's senior secured notes to Ba3 from B1. Our company continues to expand, but our mission to provide every customer with quality concrete and unmatched service remains the same. "I want to deal with people I trust and that goes a long way. SRM opens Harbor in Panama City Beach, Florida. (615) 355-1028 Proceeds will be used to fund certain acquisitions, to refinance existing debt and for general corporate purposes. Visit Website (513) 871 . Smyrna Ready Mix Concrete, LLC is a manufacturer and retailer of ready-mixed concrete in Tennessee, Florida, Kentucky, Ohio, Indiana, Texas, Georgia, Alabama, Arkansas, Michigan, South Carolina and Virginia. This rating reflects BBB's opinion about the entire organization's interactions with its customers, including interactions with local locations. SRM acquires Vulcan Materials in Richmond, Virginia. US: Argos USA has agreed to sell a total of 23 US ready-mix concrete batching plants to Smyrna Ready Mix Concrete for US$93m. Contact Us SRM Concrete products are designed to increase the strength, workability, and quality of the concrete our customers receive. Market Intelligence Credit Application SMYRNA, TN - November 25th, 2022. AND/OR ITS AFFILIATES. Pro forma for the transaction, Smyrna's liquidity position is supported by roughly $15 million of cash, a $250 million asset based revolving credit facility, under which Moody's expects $210 million will remain available, and Moody's expectation that the company will generate around $150 million in free cash flow in 2022. Aggregate Equipment Guide is the best source for news, how-to's and equipment for the Aggregate Industry. If you choose to do business with this business, please let the business know that you contacted BBB for a BBB Business Profile. "It really is because of the Power Equipment branch we use, and the whole team that includes Jeff Walker, as well as the phenomenal machine service Robbie Allen provides," Ryan said. Through both growth and acquisition, the company has amassed a heavy equipment fleet of more than 400 pieces. Murfreesboro, TN 37129 This addition is one of SRMs largest acquisitions to date with over 600 new team members. Smyrna Ready Mix was founded for the purpose of providing superior customer service. Included in this acquisition are 28 ready-mix locations in New York, New Jersey, and Pennsylvania. The division is only a few years old but already counts 16 quarries that include plants to create crushed limestone, river rock and natural sand products. Cloudflare Ray ID: 7c09a60ae9f8f118 Mike and Melissa Hollingshead founded Smyrna Ready Mix and build first plant in backyard. content 42% of survey respondents approved of the leadership response to COVID-19. Your IP: Access the headquarters listing for Smyrna Ready Mix Concrete, LLC. SRM acquires Federal Materials Concrete based in Paducah, Kentucky. Smyrna Ready Mix Concrete LLC is in market today with a $315 million term loan B, according to sources. "We crush rock here at Smyrna, but of all our many locations, this plant means more to us because we were born and raised within a quarter mile of this facility," Ryan said. SRM Acquires Transit Mix based in Johnson City, TN. BBB asks third parties who publish complaints, reviews and/or responses on this website to affirm that the information provided is accurate. For more information about SRM Concrete, visit www.smyrnareadymix.com/locations.asp. Close to home, for example, some of SRM's largest contracts have included the building of the downtown Nashville Convention Center, and the nearby Bridgestone Tower. Company profile page for Smyrna Ready Mix Concrete LLC including stock price, company news, press releases, executives, board members, and contact information "Keep in mind that we also have sand mines, granite mines and gravel pits. SRM acquires Southeast Ready Mix based in Savannah, Georgia. SRM acquires Premier Concrete and Elite in Georgia. (615) 355-1028. "We now have over 300 concrete plants, and we have another set of deals coming up in the first quarter of 2022," Ryan Hollingshead said. After meeting with the companys new team members, SRM Chairman, Mike Hollingshead stated, We are looking forward to building relationships with our new SRM team members and their families for years to come.. What's more unusual is the fact that in only 22 years, Mike and Melissa's operation is today a huge company that employs a staggering 4,000 employees working in 13 states. SRM expanded its roster of quarries, Ryan noted, in what he described as "an organic fashion" to complement its other existing services in a particular marketplace. MOODYS ISSUES ITS CREDIT RATINGS, ASSESSMENTS AND OTHER OPINIONS AND PUBLISHES ITS PUBLICATIONS WITH THE EXPECTATION AND UNDERSTANDING THAT EACH INVESTOR WILL, WITH DUE CARE, MAKE ITS OWN STUDY AND EVALUATION OF EACH SECURITY THAT IS UNDER CONSIDERATION FOR PURCHASE, HOLDING, OR SALE.MOODYS CREDIT RATINGS, ASSESSMENTS, OTHER OPINIONS, AND PUBLICATIONS ARE NOT INTENDED FOR USE BY RETAIL INVESTORS AND IT WOULD BE RECKLESS AND INAPPROPRIATE FOR RETAIL INVESTORS TO USE MOODYS CREDIT RATINGS, ASSESSMENTS, OTHER OPINIONS OR PUBLICATIONS WHEN MAKING AN INVESTMENT DECISION. It is classified as operating in the Nonmetallic Mineral Product Manufacturing industry. Smyrna Ready Mix provides ready mix concrete services to contractors, professional home builders, and do-it-yourself home owners, and provides material hauling and concrete pumping services. 2022 SRM Concrete, All Rights Reserved. Ryan Hollingshead (L), president of SRM Aggregates, and Mike Hollingshead, founder of SRM Concrete. The deal was upsized from $515 million and pricing finalized at the wide end of guidance, according to market sources. The level of drive, determination and faith that the Hollingshead family possesses is clearly behind SRM Concrete's success. I know everyone on every site by name, and on the ready-mix side that is difficult because of the sheer number of people we have, but as a family-owned company we all have an open-door policy, so any Hollingshead can be reached, if needed.". Therefore, credit ratings assigned by MSFJ are Non-NRSRO Credit Ratings. Smyrna Ready Mix Concrete, LLC manufactures and supplies concrete products. 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Jean Carroll Case, Workers Well-BeingTops Agenda at Annual Shareholder Meetings, Bara DitchingPrivate Jet for Train Points toGreener Football, What to Know About Red-Flag Warnings, an Ominous WildfireForecast, Germany Sets the New Standard for Cheap, National Mass Transit, Chinas Now Spurning Ugliest Buildings That Symbolized Its Meteoric Rise, Broke Chinese Gen Zs Turn Factory Town into Top Tourist Spot, Nigerias SEC Plans to Allow Asset-Backed Tokens But Not Crypto, Bitcoin Sags After its Longest Streak of Monthly Gains Since 2021, Bitcoin on Course for Longest Streak of Monthly Gains Since 2021. In fact, he added, "There is not one complaint against Power Equipment that I could ever make. An unusual choice for most folks, certainly, but Mike did so only because he was often frustrated in getting the materials he needed to run his small concrete business. 4.6. By continuing to access this document from within Australia, you represent to MOODYS that you are, or are accessing the document as a representative of, a wholesale client and that neither you nor the entity you represent will directly or indirectly disseminate this document or its contents to retail clients within the meaning of section 761G of the Corporations Act 2001. Smyrna Ready Mix Concrete, better known as SRM Concrete, offers a range of services, but its concentration on ready-mix, mining and materials production has made it one of the fastest growing operations in the eastern half of the United States. While Rokbak continues to build a global reputation for robust and reliable articulated haulers, just 50 mi. Terex MP, global manufacturer of materials processing and lifting machinery, announced the purchase of MARCO, a manufacturer of bulk material handling conveyors, based in Mt. said Emile El Nems, a Moody's VP-Senior Credit Officer. For more information about Smyrna Ready Mix Concrete, visit www.smyrnareadymix.com. Visit Website. At-a-glance. Murfreesboro, TN 37129 MSFJ is not a Nationally Recognized Statistical Rating Organization (NRSRO). At-a-glance. Smyrna Ready Mix Concrete, LLC is located in Myrtle Beach, SC and is a supplier of Ready-Mixed Concrete. Included in this acquisition are 28 ready-mix locations in New York, New Jersey, and Pennsylvania. SRM acquires Argos Panhandle division in Florida. Smyrna Ready Mix Concrete focuses on providing building material services across the commercial and residential construction segments. When considering complaint information, please take into account the company's size and volume of transactions, and understand that the nature of complaints and a firm's responses to them are often more important than the number of complaints. How has SRM Concrete responded to COVID-19? Nashville, TN 37208. Cementos Argos said that the divestment is part of its plan to . esgSubNav, Discover more about S&P Globals offerings, Global Credit and Risk Symposium: Unlocking Possibilities, JW Marriott Sao Paulo Av. BBB Business Profiles generally cover a three-year reporting period. For ratings issued on a support provider, this announcement provides certain regulatory disclosures in relation to the credit rating action on the support provider and in relation to each particular credit rating action for securities that derive their credit ratings from the support provider's credit rating. SRM Concrete is pleased to announce the acquisition of USC-Atlantic, LLC, a subsidiary of U.S. 2022 SRM Concrete, All Rights Reserved. Hollingshead Mixer Company LLC 200 Dekko Dr Avilla, IN 46710 IN Steve Howard (260) 897-4397: Steve .
