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U.S. Concrete, Inc. Completes $310 Million Acquisition of Polaris Materials Corporation

Published: 11/17/2017

Team: Jen Hansen, Jeffrey P. Roy, Jamie Litchen, Matt Gold, Paul M. Stein, Thomas Isaac, Arend J.A. Hoekstra, James G. Morand, Brittany Finn, Chris Hersh, Belinda Chiu, Kristin Taylor, Caitlin Russell, Matthew Nied, Tom Kapsales, Ardy Mohajer, Carla Potter, Jenna Clark

On November 17, 2017, U.S. Concrete, Inc. completed its acquisition of all of the issued and outstanding common shares of Polaris Materials Corporation 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 which Polaris had previously agreed to.
Cassels Brock acted as Canadian counsel to U.S. Concrete with a team comprised of Jen Hansen, Jeffrey Roy, Jamie Litchen, Matt Gold and Paul Stein (Securities, Mining, M&A), Thomas Isaac and Arend Hoekstra (Aboriginal Matters), 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).