Suncrete, Inc. Completes Acquisition of Hope Concrete, LLC and Enters Texas and Louisiana

Suncrete (Nasdaq: RMIX) completed the acquisition of Hope Concrete, adding 10 ready-mix plants and 88 mixer trucks and expanding the company's footprint into Texas and Louisiana.

Rhea-AI Summary

Suncrete (Nasdaq: RMIX) completed the acquisition of Hope Concrete, adding 10 ready-mix plants and 88 mixer trucks and expanding the company's footprint into Texas and Louisiana. The transaction names Hope as Suncrete's Texas platform for future acquisitions and retains the Foley family as continuing equity holders and operators.

The deal is positioned to accelerate growth through local management expertise, customer relationships, and Suncrete's existing resources and infrastructure.

Positive

• Adds 10 ready-mix plants
• Adds 88 mixer trucks
• Expands into Texas and Louisiana
• Foley family to remain continuing equity holders
• Designated Texas platform for future acquisitions

Negative

• Integration execution required across two new states
• No financial terms disclosed, limiting transaction transparency

Argus Apr 29 session

-0.51% close to close Open Argus

Details

News Market Reaction – RMIX

On Apr 29, the day this news came out, RMIX closed 0.51% below the previous close.

Data tracked by StockTitan Argus for the Apr 29 session.

Key Figures

Ready-mix plants acquired: 10 plants Mixer trucks acquired: 88 mixer trucks Operating history: 80 years +5 more

Ready-mix plants acquired

10 plants

Hope Concrete operations in North Texas and Southern Louisiana

Mixer trucks acquired

88 mixer trucks

Hope Concrete fleet added to Suncrete platform

Operating history

80 years

Family business track record cited by Hope’s President

Share price

$15.82

Pre-news current price on Apr 29, 2026

52-week high

$16.99

52-week trading range high for RMIX

52-week low

$9.20

52-week trading range low for RMIX

200-day moving average

$13.43

Technical context for RMIX prior to acquisition news

Market capitalization

$1,129,510,032

Equity value context before Texas/Louisiana expansion

Historical Context

1 past event · Latest: Apr 21

1 event

1. Apr 21

   Earnings call schedule

   24h Move

   +2.0%

   Set date and time for Q1 2026 earnings release and conference call.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

ready-mix concrete, ready-mix plants

2 terms

ready-mix concrete technical

"Suncrete, Inc. (Nasdaq: RMIX) ("Suncrete" ), a ready-mix concrete logistics"

Ready-mix concrete is concrete that is prepared at a central plant and delivered to a construction site in a finished, usable form rather than being mixed on-site. Like ordering premade batter instead of making it from scratch, it saves time and ensures consistent quality for builders. For investors, demand, pricing, and delivery logistics for ready-mix concrete track construction activity, infrastructure spending, weather-related seasonality, and fuel or materials costs, all of which affect a producer’s revenue and margins.

ready-mix plants technical

"Hope Concrete, LLC ("Hope"), a leading ready-mix company operating 10 ready-mix plants"

Ready-mix plants are facilities that produce concrete in measured batches and load it into mixer trucks for delivery to construction sites, like a bakery making fresh loaves to order and sending them out before they go stale. Investors care because these plants are capital-intensive, tied to local construction demand and logistics costs, and their utilization and pricing power directly affect a builder’s or supplier’s revenue, margins and ability to win contracts.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Company Expands Geographic Footprint into Attractive Growth Markets, Led by Experienced Local Management Team

TULSA, Okla., April 29, 2026 /PRNewswire/ -- Suncrete, Inc. (Nasdaq: RMIX) ("Suncrete" or the "Company"), a ready-mix concrete logistics and distribution platform strategically located in Oklahoma and Arkansas, today announced that it has, through its subsidiaries, acquired Hope Concrete, LLC ("Hope"), a leading ready-mix company operating 10 ready-mix plants and 88 mixer trucks in North Texas and Southern Louisiana. Hope extends Suncrete's geographic footprint into two new states, Texas and Louisiana, and is intended to serve as the Texas platform for future acquisitions.

Commenting on the acquisition of Hope, Randall Edgar, Suncrete's Chief Executive Officer, stated, "We are pleased to welcome the Foleys and their team of highly experienced operators, whose deep local market expertise and long-standing customer relationships will further enhance our organization. The Foley family has established a strong reputation for exceptional customer service and operational discipline while expanding into attractive markets across Texas and Louisiana. With the Foleys as continuing equity holders and operational leaders, Suncrete's resources and infrastructure position us to accelerate growth while maintaining the high standards customers have come to expect."

Edgar added, "We have been impressed by Hope's business and its people, particularly the strong alignment in values, work ethic, and customer-first focus between our organizations. We believe this cultural and operational fit will support a smooth transition and position the combined business for continued success."

Tim Foley, Hope's President, added, "My brother Jim and I are proud of the business our family and the great people we work with have built over the last 80 years and are excited to join Suncrete as we look ahead. Their platform and strategic vision complement our operations and will provide additional resources to support our employees, customers and communities as we continue to grow."

About Suncrete
Suncrete is a pure-play ready-mix concrete company strategically positioned across Oklahoma and Arkansas with plans to expand throughout the rapidly growing and economically resilient U.S. Sunbelt region. Suncrete is a scalable and vertically integrated logistics and distribution platform operating as a mission-critical partner in the construction value chain. The Company operates batching plants, a dedicated fleet of owned mixer trucks and a tech-enabled dispatch infrastructure supporting a diversified customer base across public infrastructure, commercial and residential sectors. Headquartered in Tulsa, Oklahoma, Suncrete operates under a decentralized plant network strategy with regionally centralized oversight of pricing, customer relationships and fleet utilization with consistent customer engagement across markets to deliver products on time and on spec. Suncrete's local market leadership, scale and integrated logistics position it as a trusted partner in some of the nation's most attractive, fastest growing, and most resilient construction markets. The Company is well-aligned to benefit from ongoing population growth, urbanization trends and infrastructure investment across the Sunbelt. To learn more, visit www.suncrete.com.

Cautionary Statement Regarding Forward-Looking Statements

Certain statements herein that are not historical facts constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended.  These forward-looking statements generally can be identified by the words "anticipate," "believe," "could," "estimate," "expect," "intend," "may," "might," "plan," "potential," "should," "will," "would," and similar expressions or the negative of such terms or other comparable terminology. Examples of forward-looking statements include, but are not limited to, statements regarding the Company's acquisition strategy and statements relating to the benefits of the business acquisition. Forward-looking statements are based on assumptions as of the time they are made and are subject to risks, uncertainties and other factors that are difficult to predict with regard to timing, extent, likelihood and degree of occurrence, which could cause actual results to differ materially from anticipated results expressed or implied by such forward-looking statements. Important factors that could cause actual results to differ materially from those expressed in the forward-looking statements include, but are not limited to, the Company's ability to realize the anticipated benefits of the business acquisition, the Company's ability to integrate the acquired business's operations into the existing operations of the Company, and the other risks described in the Company's filings with the Securities and Exchange Commission. Forward-looking statements speak only as of the date they are made. The Company assumes no obligation to update forward-looking statements to reflect actual results, subsequent events, or circumstances or other changes affecting such statements except to the extent required by applicable law.

Suncrete Investor Contact:
Rick Black
Dennard Lascar Investor Relations
Suncrete@DennardLascar.com
(713) 529-6600

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SOURCE Suncrete, Inc.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Suncrete (RMIX) acquire from Hope Concrete on April 29, 2026?

Suncrete acquired Hope Concrete's operations, including 10 ready-mix plants and 88 mixer trucks. According to the company, the purchase expands Suncrete into Texas and Louisiana and establishes Hope as the platform for future Texas acquisitions.

How does the Hope Concrete deal affect Suncrete's geographic footprint and growth strategy (RMIX)?

The acquisition extends Suncrete into Texas and Louisiana and is intended as a Texas platform for future deals. According to the company, the move targets attractive growth markets and supports accelerated regional expansion.

Will the Foley family remain involved with Suncrete after the RMIX acquisition?

Yes. The Foley family will continue as equity holders and operational leaders. According to the company, the family’s leadership and customer relationships will remain part of the combined operations.

How many mixer trucks did Suncrete add with the Hope Concrete acquisition (RMIX)?

Suncrete added 88 mixer trucks through the acquisition. According to the company, those trucks operate across North Texas and Southern Louisiana and expand Suncrete’s distribution capacity in new markets.

Were financial terms disclosed for Suncrete's purchase of Hope Concrete (RMIX)?

No financial terms were disclosed in the announcement. According to the company, the release focused on operational assets, geographic expansion, and management continuity rather than transaction pricing or consideration details.