Heritage Capital Group Announces the Successful Sale of Florida Roads Materials
Heritage Capital Group is pleased to announce that its client, Florida Roads Materials, has been acquired by Smyrna Ready Mix Concrete. Florida Roads Materials is a supplier of ready-mix concrete for development projects serving the northeast Florida market. With plant locations in Jacksonville and Green Cove Springs, the company was named as one of the Top 50 Fastest Growing Businesses in 2016.
“I greatly appreciate the advice and expertise that Heritage Capital Group provided in the sale of my company. We really do appreciate Heritage’s hard work and particularly their experience in this process. It has been rewarding working with Mac Holley and the Heritage team. “We always felt assured that they had everything under control,” said Rick Baker, former owner of the company.
Serving the concrete industry for nearly two decades, Smyrna Ready Mix Concrete was founded in 1999 in Nashville, Tennessee. The company now has locations in Florida, Georgia, Indiana, Kentucky, Ohio, and Tennessee. Smyrna Ready Mix’s owner, Mike Hollingshead, commented “We are delighted to be expanding into the Jacksonville market by acquiring a very experienced company and team in Florida Roads Materials. We look forward to serving our new customers with our quality concrete and first class delivery.”
Mac Holley, Principal of Heritage Capital Group, advised Florida Roads Materials in this transaction. Mac commented, "It has been a pleasure working with Rick and his team. Heritage was honored to contribute to the success of this transaction."