Breedon Group plc (LSE:BREE) agreed to acquire BMC Enterprises, Inc. for $300 million on March 6, 2024. The consideration consists of $285 million in cash and $15 million in common equity. $285m payable in cash on completion, subject to customary adjustments and retentions, funded through a draw down on Breedon's existing Revolving Credit Facility.

In the twelve months ended October 31, 2023, BMC recorded unaudited Revenue of $178.9 million, unaudited gross assets of $168.2 million and unaudited adjusted EBITDA of $35.5 million. Completion is expected to occur by March 7, 2024, subject to customary closing conditions. Mike Krigbaum and Brandon Parris of Morrison & Foerster acted as legal adviser, and Mark Aedy, Chris Raff, Andrew Welby of Moelis and Company UK LLP is acted as a exclusive financial advisor to Breedon Group plc.

Reg Hoare, Rachel Farrington, Charles Hirst of MHP acted as Public relations adviser in the transaction.