VR Mergers & Acquisitions of Charlotte N.C. has just closed on the sale of two asphalt plants owned by Carolina Material Sales, Inc. of Hendersonville, NC, along with the paving divisions of Moore and Son Site Contractors, Inc. of Arden, NC and Young & McQueen Grading Company, Inc. of Burnsville, NC. Rogers Group, Inc. located in Nashville, TN was the purchaser.
Brad Offerdahl, President of VR Mergers & Acquisitions Charlotte, represented the three selling entities on the transaction.
Carolina Material Sales, Inc. is a major provider of hot mix asphalt in western North Carolina with plants in Hendersonville and Burnsville. Moore and Son is a leading site and paving contractor in the Asheville, NC area. Young & McQueen is a major site and paving contractor working in various Western North Carolina markets.
Founded in 1908, Rogers Group, Inc. is the largest privately held crushed stone producer in the nation with 1,600 employees and approximately 80 locations spread over a 6 state area. Offerdahl and VR Mergers & Acquisitions Charlotte facilitated in all phases of the transaction, from the initial analysis through closing. Details were not disclosed.