Ridgefield Partners and ACT Capital Advisors together represented their client, Statewide Materials (“Statewide”) in its acquisition by Miles Ahead Brands (“MAB”) – a family of industry-leading aggregate materials and distribution brands.
Founded in 1995, Statewide Materials has established itself as one of Florida’s premier aggregate production and distribution companies – providing critical infrastructure materials to Government and Commercial projects for almost three decades.
Ridgefield’s co-founders – Richard Waryn, Todd Harman, and Michael Seeley – collaborated with Ivan Trindev (Vice President, ACT Capital) to advise Statewide in the sale.
Christy Ruth, CEO of Statewide Materials said, “The Ridgefield/ACT team was an absolute pleasure to work with from start to finish. They took what could have been a very difficult and emotional experience and eased the process for us at every turn. They smoothed out the rough patches, were open and honest about what to expect, and were tough but fair negotiators on our behalf. We always knew they had our backs.”
“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 MAB provides the perfect home for our employees and clients, offering a seamless transition and even greater opportunities for growth and innovation in our sector,” added Richard Ruth, President of Statewide.
Chris Whitney, Founder & CEO of MAB said, “I am honored and grateful to continue the legacy of Christy and Richard and the incredible company they have built. Their commitment to excellence and service echoes our own values, and we feel privileged to partner with them as we embark on this new chapter together.
“We are thrilled to welcome Statewide Materials into the Miles Ahead Brands family,” added 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.”
About Statewide Materials
Statewide Materials is an established aggregate production and distribution company based in Titusville, Florida with over 25 years of experience. Statewide Materials focuses on the production and distribution of rip rap, armor stone, limestone, granite, and commercial-grade materials.
Please visit https://www.swmagg.com/ for more information.
About Miles Ahead Brands
Miles Ahead Brands is a family of industry-leading aggregate distribution brands across the Southeast and Southwest. They are committed to accelerating the world’s infrastructure by revolutionizing logistics for construction materials through their connected network and innovative solutions.
Please visit https://www.milesaheadbrands.com/ for more information.
About Ridgefield Partners
Ridgefield Partners is a middle-market M&A firm that represents companies across Transportation & Logistics, Construction, Consumer, Healthcare, and Industrial verticals. Each senior member of the Ridgefield team has acquired, built, and sold a company of their own. We combine those lived operational experiences with deep backgrounds in Private Equity and M&A to deliver differentiated client outcomes.
Please visit https://ridgefieldpartners.com/ for more information.
About ACT Capital Advisors
ACT Capital Advisors is a premier Mergers & Acquisitions (M&A) firm representing middle-market companies across all industries. ACT has a 30-year history of deal-making, closing 200+ transactions and unlocking over $2.5 billion in wealth for its clients.
Please visit https://actcapitaladvisors.com/ for more information.
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