Building Strong Foundations: Armada Materials Partners with Kelso & Company for Growth

Introduction:

Armada Materials, a newly formed company led by industry veteran Rob Duke, has partnered with private equity firm Kelso & Company to launch an ambitious venture in the infrastructure materials and services sector. This strategic partnership aims to build a leading business through strategic acquisitions, starting with the recent acquisition of Volunteer Materials and its affiliate companies. Armada Materials is poised to make a significant impact in the construction materials industry with its experienced leadership team and robust growth plans.

Acquisition of Volunteer Materials:

Armada Materials is pleased to announce the acquisition of Volunteer Materials and its affiliated companies. Based in Lewisburg, TN, Volunteer Materials is a vertically integrated producer of aggregates, asphalt, and ready-mix concrete. In addition, the company offers road paving and striping services in the greater Nashville area. Volunteer Materials owns extensive limestone reserves along the rapidly growing I-65 corridor south of Nashville, positioning Armada for significant growth opportunities in the region.

Rob Duke, CEO of Armada Materials, expressed his enthusiasm for the partnership with Volunteer Materials and its management team: "We are very excited to team up with Volunteer and its management team under the leadership of Chad Swallows. Volunteer is an ideal, first platform for Armada with key locations in Tennessee positioned for further growth."

Armada Materials' Vision:

With a shared vision of becoming the acquirer of choice for private owners considering the sale of their businesses, Armada Materials aims to provide a differentiated partnership solution for owners in the infrastructure materials and services industry. The company has assembled a premier group of leaders and advisors with deep industry experience to support its growth strategy. The partnership with Kelso & Company further bolsters Armada's ability to capitalize on growth opportunities, both organically and through acquiring top-tier companies like Volunteer Materials.

Kelso & Company's Support:

Kelso & Company, a renowned private equity firm, is a strategic partner in Armada Material's journey towards becoming a leading player in the infrastructure materials and services sector. Sandy Osborne, Managing Director of Kelso, expressed his excitement about the partnership, stating, "We believe Armada provides a differentiated partnership solution for owners of infrastructure materials and services businesses." Matt Edgerton, also a Managing Director of Kelso, added, "We are eager to support Armada's growth, both organically and through acquiring top-tier companies like Volunteer."

About Armada Materials:

Armada Materials is a rapidly growing producer of aggregates, asphalt, and other essential infrastructure materials and services. Based in Tampa, FL, the company was formed by industry veterans with the goal of growing through strategic acquisitions of companies supplying critical construction materials in key growth regions of the U.S. Armada Materials aims to establish itself as a trusted partner for private owners considering the sale of their businesses. For more information, please visit www.armadamaterials.com.

About Kelso & Company:

Kelso & Company is a North America-focused, middle-market buyout private equity firm. Founded in 1980, the firm operates on the principles of partnership and alignment of interests. Kelso invests in targeted sectors where it has expertise and capabilities to support management teams in driving accelerated growth. With over 40 years of experience, Kelso has raised 11 private equity funds and invested in more than 140 companies, representing approximately $16 billion of capital. For more information, please visit www.kelso.com.

Conclusion:

Armada Materials' partnership with Kelso & Company marks an exciting chapter for the infrastructure materials and services industry. Led by industry veteran Rob Duke and backed by a team of experienced professionals, Armada is well-positioned to capitalize on growth opportunities in key regions of the U.S. The recent acquisition of Volunteer Materials sets the foundation for Armada's expansion, with its strategic location in Tennessee and extensive reserves of high-quality limestone. As Armada Materials continues on its growth trajectory, it aims to become the acquirer of choice for private owners looking to sell their businesses in the infrastructure materials and services sector. With Kelso & Company as a strategic partner, Armada Materials is poised for success in building strong foundations for the future.