Philadelphia, Pennsylvania (Sept. 17, 2019)—StonePoint Materials LLC (StonePoint) has announced the acquisition of Standard Gravel Company LLC (Standard). Standard is a leading regional producer of sand and gravel serving eastern Louisiana and southern Mississippi from four active mine sites. The acquisition of Standard will complement and expand StonePoint's subsidiary Southern Aggregates LLC (Southern"), the largest sand and gravel producer in Louisiana. Spencer Green, the great grandson of Standard's founder, will join Southern.
"We are thrilled to welcome Standard Gravel, Spencer, and his team as StonePoint continues to execute its strategy of acquiring well-run operations in high-growth areas." said Colin Oerton, chief executive officer of StonePoint. "We look forward to continuing to provide Standard's customers with the highest level of material and service, while expanding Southern's reach further east into Mississippi."
Green commented, "As a fourth-generation owner, continuing Standard's legacy was critical to my decision to having me and my team join StonePoint. I was impressed with StonePoint's ability to preserve confidentiality throughout the process and look forward to helping StonePoint's continued growth efforts."
For more information, visit stonepointmaterials.com.