News Releases

Baker Botts Advises Angel Brothers Holdings Corp. in Sale of Construction and Asphalt Businesses

Release

Deal Description: On July 30, 2021, Angel Brothers Holdings Corp. (“Angel Brothers”) simultaneously signed and closed a definitive agreement with Texas Materials Group, Inc., a wholly owned subsidiary of CRH Americas Materials, Inc. (NYSE: CRH), under which CRH acquired (1) Century Asphalt, a Baytown, Texas-based, leading producer of asphalt, liquid asphalt, recycled concrete aggregates, sand and gravel, and (2) all assets relating to Angel Brothers’ business of asphalt paving, concrete paving and construction services, in an all-cash transaction, subject to certain closing date adjustments as set forth in the definitive purchase agreement.

Baker Botts L.L.P. advised Angel Brothers in the transaction.

Baker Botts Lawyers/Office Involved:

 

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