Breedon Group has completed the acquisition of Falling Springs Quarry for an enterprise value of $120m (£90m).
Falling Springs, the sole trading asset of Casper Stolle Quarry & Contracting Co, holds Breedon's best estimate of 185m tonnes of limestone reserves, produces over 2.2m tonnes a year and sits around 15 minutes from downtown St Louis.
Breedon said the purchase was funded from its existing Revolving Credit Facility and that on a pro‑forma basis covenant leverage at 31 December 2025 would have been 2.0x, which the group says remains in line with its financial framework.
"The business is well‑invested, highly cash generative and extremely complementary to our existing operations in the St Louis area, supporting our long‑term growth ambitions in the United States," Rob Wood, Chief Executive Officer.
The $120m price implies around $54.50 of enterprise value per tonne of annual output and about $0.65 per tonne of estimated reserves, and Breedon described the deal as a disciplined bolt‑on to scale its US business.
