ACT Capital Advisors represented their client, Statewide Materials (“Statewide”), in its acquisition by Miles Ahead Brands (“MAB”).

Statewide Materials is the Southeast’s leader in large aggregates. For over 25 years, it has produced and supplied DOT-certified and USACE-approved materials while also providing production-support services.

“We are delighted to join forces with Miles Ahead Brands in this exciting acquisition. Partnering with a company that shares our dedication to excellence and commitment to delivering top-notch service to clients is truly invigorating. We believe that Miles Ahead Brands provides the perfect home for our employees and clients, offering a seamless transition and even greater opportunities for growth and innovation in our sector,” said Richard Ruth, President of Statewide Materials.

Miles Ahead Brands is a family of industry-leading aggregate distribution brands whose mission is to elevate the aggregate distribution industry by forging partnerships with leading brands ready to propel their business to new heights.

“We are thrilled to welcome Statewide Materials into the Miles Ahead Brands family,” said Dan Singer, President of Miles Ahead Brands. “This partnership not only diversifies our revenue streams and customer base but also strengthens our position in the market by leveraging Statewide Materials’ extensive experience. We’re enthusiastic about the significant growth and diversification opportunities ahead.”

Ivan Trindev, Vice President at ACT Capital Advisors, collaborated with Todd Harman, Rich Waryn, and Mike Seeley, to represent Statewide Materials in the sale.

Statewide’s CEO Christy Ruth said, “The team at ACT Capital was an absolute pleasure to work with from start to finish. They took what could’ve been a very difficult and emotional experience, and eased the process at every turn.  They smoothed out the rough patches, were open and honest about what we could expect, and were tough but fair negotiators on our behalf.  We always knew they had our backs.”   

Ivan Trindev, Vice President at ACT Capital said, “It was a pleasure and honor to work with Statewide Materials and its owners, Christy and Richard. They have created an exceptional company and needed to find the right partner to continue Statewide’s legacy. The Miles Ahead team proved to be that partner, bringing with them experience, professionalism, and a commitment to excellence.”

About Statewide Materials
Statewide Materials is an established aggregate production and distribution company with over 25 years of experience, based in Titusville, Florida. Statewide Materials focuses on the production and distribution of rip rap, armor stone, limestone, granite, and commercial-grade materials. For more information, visit swmagg.com.

About ACT Capital Advisors
ACT Capital Advisors is a premier mergers & acquisitions (M&A) firm representing companies in all industries across North America. ACT has a 40-year history of deal-making, closing 250+ transactions, and unlocking over $2.5 billion in wealth for its clients. For more information, visit https://actcapitaladvisors.com.