Cravath, Swaine & Moore LLP

02/12/2024 | Press release | Distributed by Public on 02/12/2024 09:13

Martin Marietta’s $2.05 Billion Acquisition of Aggregates Operations from Affiliates of BWI Southeast

On February 12, 2024, Martin Marietta Materials, Inc. ("Martin Marietta") announced that on February 11, 2024, it entered into a definitive agreement to acquire 20 active aggregates operations in Alabama, South Carolina, South Florida, Tennessee, and Virginia from affiliates of Blue Water Industries LLC ("BWI Southeast") for $2.05 billion in cash. Additionally, on February 9, 2024, Martin Marietta completed its previously announced divestiture of its South Texas cement and related concrete operations to CRH Americas Materials, Inc., a subsidiary of CRH plc, for $2.1 billion in cash. Cravath is representing Martin Marietta in connection with the transactions.

The Cravath team is led by partners Robert I. Townsend III, George F. Schoen and Matthew G. Jones and includes associates Alexander E. Greenberg, Patrick S. Taylor and T. Henley Hopkinson and foreign associate attorney Yuzuka Oyamada on M&A matters; partner Joseph D. Zavaglia and associate Jason O. Rooindej on financing matters; partner Christopher K. Fargo and associates Christopher M. Winters and Josh Banafsheha on tax matters; partner Matthew J. Bobby, senior attorney Arian Mossanenzadeh and practice area attorney David Crampton on executive compensation and benefits matters; partner David J. Kappos, of counsel Kathryn-Ann Stamm and associate David M. Ungar on intellectual property matters; partner Matthew Morreale, senior attorney Annmarie M. Terraciano and associate Star S. Gulant on environmental matters; and senior attorney Joyce Law and practice area attorneys Brian M. Budnick and Lauren Piechocki on real estate matters. Liza C. Clark also worked on M&A matters.

People

TitlePartnerEmail[email protected]Phone+1-212-474-1964vCardDownload vCard

Education

  • J.D., 1990, Harvard Law School
    magna cum laude
  • A.B., 1987, Harvard College
    magna cum laude

Admitted In

  • New York
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Education

  • J.D., 1998, University of Chicago Law School
    with Honors
  • B.A., 1994, Cornell University

Admitted In

  • New York
Photo
TitlePartnerEmail[email protected]Phone+1-212-474-1298vCardDownload vCard

Education

  • J.D., 2013, Columbia Law School
    Harlan Fiske Stone Scholar; James Kent Scholar
  • B.A., 2010, Cornell University

Admitted In

  • New York
TitlePartnerEmail[email protected]Phone+1-212-474-1724vCardDownload vCard

Education

  • J.D., 2004, Brooklyn Law School
    Valedictorian, summa cum laude
  • B.B.A., 2001, College of Insurance
    cum laude

Admitted In

  • New York
Photo
TitlePartnerEmail[email protected]Phone+1-212-474-1236vCardDownload vCard

Education

  • J.D., 2006, Columbia Law School
    Harlan Fiske Stone; Michael Lynne Scholar
  • B.A., 2003, Boston College
    Honors Program, cum laude

Admitted In

  • New York
TitlePartnerEmail[email protected]Phone+1-212-474-1128vCardDownload vCard

Education

  • J.D., 2012, Harvard Law School
    magna cum laude
  • M.A., 2009, University of Pennsylvania
  • B.A., 2009, University of Pennsylvania
    Phi Beta Kappa, summa cum laude

Admitted In

  • New York
Photo
TitlePartnerEmail[email protected]Phone+1-212-474-1168vCardDownload vCard

Education

  • J.D., 1990, University of California, Berkeley, School of Law
  • B.S., 1983, University of California, Davis

Admitted In

  • New York
  • California
  • District of Columbia
Photo
TitlePartnerEmail[email protected]Phone+1-212-474-1534vCardDownload vCard

Education

  • J.D., 1997, Columbia Law School
    Harlan Fiske Stone Scholar
  • M.S., 1994, University of Pennsylvania
  • B.A., 1990, University of Pennsylvania
  • B.A.S., 1990, University of Pennsylvania

Admitted In

  • New York
TitleOf CounselEmail[email protected]Phone+1-212-474-1979vCardDownload vCard

Education

  • J.D., 2016, Cornell Law School
  • LL.M., 2016, City University of Hong Kong
  • Master II, 2016, University Paris 1 Panthéon-Sorbonne
  • Master I, 2013, University Paris 1 Panthéon-Sorbonne
  • LL.B., 2013, University Paris 1 Panthéon-Sorbonne
  • LL.B., 2013, King's College London

Admitted In

  • New York
TitleSenior AttorneyEmail[email protected]Phone+1-212-474-1571vCardDownload vCard

Education

  • J.D., 2013, University of Virginia School of Law
  • B.A., 2008, University of Washington
    with Distinction, Phi Beta Kappa, magna cum laude

Admitted In

  • New York
TitleSenior AttorneyEmail[email protected]Phone+1-212-474-1366vCardDownload vCard

Education

  • J.D., 1998, Columbia Law School
    Harlan Fiske Stone Scholar
  • M.S., 1994, University of Wisconsin - Madison
  • B.A., 1989, Wellesley College
    cum laude

Admitted In

  • New York
Photo
TitleSenior AttorneyEmail[email protected]Phone+1-212-474-1066vCardDownload vCard

Education

  • J.D., 1997, Boston University School of Law
  • B.Comm., 1994, University of Alberta
    Distinction

Admitted In

  • New York
TitlePractice Area AttorneyEmail[email protected]Phone+1-212-474-1358vCardDownload vCard

Education

  • J.D., 2020, Cornell Law School
    magna cum laude
  • B.S., 2016, Oregon State University

Admitted In

  • New York
Photo
TitlePractice Area AttorneyEmail[email protected]Phone+1-212-474-1914vCardDownload vCard

Education

  • J.D., 2011, Benjamin N. Cardozo School of Law
    cum laude
  • B.A., 2006, University of Virginia

Admitted In

  • New York
TitlePractice Area AttorneyEmail[email protected]Phone+1-212-474-1875vCardDownload vCard

Education

  • J.D., 2012, Hofstra University School of Law
  • B.A., 2005, Syracuse University
    Dean's Scholar Maxwell Citizen Education Conference Scholar, cum laude

Admitted In

  • New York

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On November 21, 2023, Martin Marietta Materials, Inc. ("Martin Marietta") announced that it has entered into a definitive agreement to sell its South Texas cement business and certain of its related concrete operations to CRH Americas Materials, Inc., a subsidiary of CRH plc, for $2.1 billion in cash. Cravath is representing Martin Marietta in connection with the transaction.

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On August 24, 2023, Martin Marietta Materials, Inc. ("Martin Marietta") announced that it has entered into a definitive agreement to sell the Tehachapi, California cement plant to UNACEM Corp S.A.A. for $317 million in cash. Cravath is representing Martin Marietta in connection with the transaction.

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