Suncrete is poised for expansion as a new concrete logistics and distribution platform after securing new financing.

On March 27, Concrete Partners Holding and special purpose acquisition company Haymaker Acquisition Corp. announced they have secured approximately $215 million in committed capital towards a newly-formed company to be named Suncrete — which will go forward as a pure-play ready-mix concrete distributor and logistics provider based in Dallas.

Suncrete’s financing is mostly comprised of $167 million in expected gross proceeds from a common stock PIPE financing round that the company just extended the stockholder redemption deadline for. Those anticipated proceeds are upsized from a previously announced $105.5 million.

Once Concrete Partners Holding and Haymaker combine businesses — expected in April — the combined company of Suncrete is expected to be publicly traded on Nasdaq under the symbol RMIX.

“This significant increase in the PIPE financing raised ahead of the closing of our business combination and the planned listing of Suncrete on Nasdaq, we believe, reflects strong confidence from institutional investors in our strategy and long-term value proposition,” said Ned Fleming, Executive Chairman of Suncrete. “We look forward to completing the transaction and listing process in April. This increase of capital better positions the company to execute on an extremely robust acquisition pipeline. Suncrete’s disciplined growth strategy — focused on expanding market share, driving organic growth and entering new markets through accretive acquisitions — positions the company to drive shareholder value.”

Tulsa, OK-based Suncrete is targeting expansion across the U.S. Sunbelt region of Oklahoma and Arkansas via a network of batching plants, a fleet of owner mixer trucks and tech-enabled dispatch infrastructure that serves a base of public infrastructure, commercial and residential sectors.

See Suncrete’s March 27 news release here.