Akin Gump Advises WL Ross & Co. in Acquisition of Ready Mix and Aggregates Companies

(New York) – Akin Gump advised WL Ross & Co. LLC in the closing of the simultaneous acquisitions by its newly formed affiliate, Permian Basin Materials, LLC (PBM), of Crockett County Mining, Ltd., Highland Concrete Co. and Wallach Concrete, Inc. Funds managed by WL Ross will own 80 percent of PBM, and existing shareholders from the three businesses will own a combined 20 percent.

The Akin Gump team working with WL Ross & Co. included financial restructuring partner Lisa Beckerman; corporate partners Thomas Yang and Matt Zmigrosky and corporate associate Nicholas Houpt; and real estate counsel J.R. England.

Founded in 1945, Akin Gump Strauss Hauer & Feld LLP is a leading international law firm with more than 850 attorneys in offices throughout the United States, Europe, Asia and the Middle East.

 

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