Audax Group Signs Definitive Agreement to Sell Ready Mixed Concrete Company.BOSTON -- Audax Group today announced that Cementos Argos S.A. ("Argos"), a leading Colombian cement company, has entered into a definitive agreement to acquire RMCC RMCC Rich Mountain Community College (Mena, Arkansas) RMCC Royal Military College of Canada RMCC Ridley Mission Control Center RMCC Red Mountain Christian Center (Mesa, AZ) Group Inc., a parent of Southern Equipment Company d/b/a Ready Mixed Concrete Company ("Ready Mixed"), for an enterprise value of $435 million. Ready Mixed is the leading provider of ready-mixed concrete in North Carolina North Carolina, state in the SE United States. It is bordered by the Atlantic Ocean (E), South Carolina and Georgia (S), Tennessee (W), and Virginia (N). Facts and Figures Area, 52,586 sq mi (136,198 sq km). Pop. , South Carolina South Carolina, state of the SE United States. It is bordered by North Carolina (N), the Atlantic Ocean (SE), and Georgia (SW). Facts and Figures Area, 31,055 sq mi (80,432 sq km). Pop. (2000) 4,012,012, a 15. , and southern Virginia. The Company, acquired by Audax Group in November 2004, has an extensive network of concrete plants and mixing trucks that deliver concrete to thousands of customers in its markets. Pursuant to the purchase agreement, following the closing the holders of the 9-1/2% Senior Subordinated Notes due 2012 of the Company (the "Notes") shall have the right to require the Company to repurchase such Notes in accordance with the terms of the indenture governing such Notes at the price specified therein. The transaction is expected to close during April 2006, subject to customary regulatory approvals. Ropes & Gray LLP LLP - Lower Layer Protocol and Citigroup Global Markets Inc. represented Ready Mixed. JPMorgan and Kilpatrick Stockton LLP represented Argos. ABOUT AUDAX GROUP Audax Group, founded in 1999, is a leading investor in middle market companies. With offices in Boston and New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , Audax manages in excess of $2 billion in equity and mezzanine debt capital. For more information visit the Audax Group website http://www.audaxgroup.com |
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