U.S. Concrete, Inc. completes $310M acquisition of Polaris Materials Corp.

On November 17, 2017, U.S. Concrete, Inc. (U.S. Concrete) completed its acquisition of all of the issued and outstanding common shares of Polaris Materials Corp. (Polaris) by way of a court-approved plan of arrangement. The total consideration paid to Polaris shareholders was approximately $310 million. U.S. Concrete provided Polaris with a superior proposal to another offer to which Polaris had previously agreed.

Akin Gump Strauss Hauer & Feld LLP led the team advising U.S. Concrete with a team led by Kerry Berchem and that included John Howell, Mathew Rotenberg and Elizabeth Atkins.

Cassels Brock & Blackwell LLP acted as Canadian counsel to U.S. Concrete with a team comprising Jen Hansen, Jeffrey Roy, Jamie Litchen, Matt Gold and Paul Stein(securities, mining and M&A), Thomas Isaac and Arend Hoekstra (Aboriginal), Jim Morand and Brittany Finn (tax), Chris Hersh and Belinda Chiu (competition), Kristin Taylor and Caitlin Russell (employment), Matthew Nied (litigation), Tom Kapsales and Ardy Mohajer (real estate), and Carla Potter and Jenna Clark (financial services).

Polaris was represented in Canada by Fasken Martineau DuMoulin LLP with a deal team that included Georald Ingborg, Sam Li and Martin Ferreira Pinho (securities, mining and M&A), Paul Wilson and Zach Romano (Aboriginal), Michael Coburn (tax), Huy Do (competition), Clayton Jones (employment), and Gavin Cameron and Sam Chang (litigation).

Osler, Hoskin & Harcourt LLP acted as legal counsel to Polaris’s special committee with a team that included Alan Hutchison, Trevor Scott and Patrick Sullivan (securities, mining and M&A).

Dorsey & Whitney LLP advised Polaris on US matters with a team that included John Hollinrake and Kimberley Anderson.