News Summary
Suncrete, a prominent ready-mix concrete platform, has announced its plans to go public through a merger with Haymaker Acquisition Corp. 4. The merger, pending regulatory approvals, aims to bolster Suncrete’s position in the concrete industry and facilitate geographic expansions across the U.S. Suncrete has experienced over 20% annual growth since its inception, focusing on acquiring local businesses in a fragmented market environment. The transaction has received board approvals and is expected to close in early 2026, presenting a significant opportunity for growth in the public infrastructure and construction sectors.
Dallas and New York: Suncrete, a leading ready-mix concrete platform, is set to go public via a merger with Haymaker Acquisition Corp. 4, a special purpose acquisition company (SPAC), as announced on October 9, 2025. This significant business combination, pending regulatory approvals, is expected to close in the first quarter of 2026.
Established by SunTx Capital Partners, a Texas-based private equity firm, Suncrete—officially known as Concrete Partners Holding, LLC—aims to list on the New York Stock Exchange under the new name Suncrete, Inc. The merger is expected to strengthen Suncrete’s position in the ready-mix concrete industry, enhancing its focus on public infrastructure, commercial, and residential sectors.
Suncrete has seen robust growth, boasting more than 20% annual growth since its establishment in 2008, positioning itself as a leader in the Oklahoma and Arkansas markets. The company plans to further expand throughout the U.S. Sunbelt region, which is characterized by its rapid growth and fragmented industry landscape.
The ready-mix concrete industry in the Sunbelt predominantly consists of smaller, family-owned businesses that are undergoing generational transitions. Suncrete’s business strategy includes increasing local market share and pursuing geographic expansion through acquisitions. Institutional investors have committed $82.5 million in a private placement to fuel these growth initiatives.
The boards of both Suncrete and Haymaker have approved the transaction, which is also awaiting the approval of Haymaker’s shareholders and the satisfaction of customary closing conditions. Jefferies serves as the financial advisor and lead capital markets advisor for Suncrete and is supported by firms such as Baird, Roth Capital Partners, Haynes and Boone, LLP, and DLA Piper LLP (US).
As part of its operations, Suncrete manages batching plants and a dedicated fleet of mixer trucks, leveraging a tech-enabled dispatch infrastructure to optimize delivery and service capability. This positions the company well to meet the growing demands of both public infrastructure projects and construction in the commercial and residential sectors.
Operating under the guidance of Haymaker Acquisition Corp. 4, which is publicly listed on the NYSE under the ticker symbol HYAC, this transaction marks a significant opportunity for both entities to leverage each other’s strengths. Led by CEO Christopher Bradley and Vice President Andrew Heyer, Haymaker was created specifically to facilitate business combinations.
SunTx Capital Partners, praised as a TOP 50 Private Equity Firm in the Middle Market since 2021, has played a pivotal role in the shaping and growth of Suncrete. The upcoming merger aims to create a robust entity capable of tapping into the fragmented state of the ready-mix concrete market in the Sunbelt.
As with any significant financial transaction, potential investors are urged to read relevant documentation, including an SEC registration statement, proxy statement, and prospectus, to understand the associated risks and uncertainties concerning market conditions and operational performance.
The merger signifies a major turning point for Suncrete, aiming to capitalize on opportunities in a growing sector while addressing the challenges faced by smaller business operators within the industry. As the first quarter of 2026 approaches, the construction and investment communities will be closely monitoring developments regarding this strategic business combination.
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Additional Resources
- PR Newswire: SunTx Capital Partners Portfolio Company Suncrete to Pursue Listing
- Wikipedia: Ready-mix concrete
- PR Newswire: SunTx Capital Partners Raises $100 Million
- Google Search: Special Purpose Acquisition Company
- PR Newswire: Haymaker Acquisition Corp. 4 Announces Private Placement
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