backKing & Spalding advised Eagle Corporation in its $675 million sale of Concrete Pipe & Precast, LLC, a leading supplier of precast concrete solutions to the U.S. Mid-Atlantic and South Atlantic regions, to Commercial Metals Company (NYSE: CMC).
Eagle Corporation is a privately owned company headquartered in Charlottesville, VA, with roots dating back to the mid-1940s. Eagle’s subsidiary businesses have historically manufactured and sold a wide variety of concrete products and other building materials throughout the mid-Atlantic and Southeast. CMC is an innovative solutions provider helping build a stronger, safer, and more sustainable world. Through an extensive manufacturing network principally located in the United States and Central Europe, CMC offers products and technologies to meet the critical reinforcement needs of the global construction sector. CMC’s solutions support early-stage construction across a wide variety of applications, including infrastructure, non-residential, residential, industrial, and energy generation and transmission.
The King & Spalding team advising Eagle Corporation on this transaction was led by Justin King, Hillyer Jennings, Austin Whan and Archie Wilson.