Brown & Watson Company, Inc. - Bravaldo Capital Advisors

April 12, 2024 - Bravaldo Capital Advisors, Inc. (“BCA”) is pleased to announce the successful sale of its client, Brown & Watson Company, Inc. (“B&W” or the “Company”), a Butler, Georgia based third-generation family-owned and operated natural silica sand provider to Rogers Group, Inc., the largest privately owned construction aggregate company in the US.

Mike Watson, President and Chief Executive Officer stated, “Our families know how to mine and process the highest quality sand. What we did not know, was how to how to sell our family business professionally. When it became clear that a sale was the best option for our families, employees, and customers, we were fortunate to meet BCA, who provided sound advice, prepared us for a transaction, and created a competitive process that led us to the right buyer. They took the time necessary to educate us on the myriad of work necessary to complete a successful sale. They also helped us remain calm under pressure during the ups and downs we encountered throughout the sale process.”

Dennis Swearingen, Secretary and Treasurer added, “Our emotional decision to sell our multigenerational family business was not only daunting, but we realized we needed multiple aspects of help and assistance. Not only were our products and processes specialized, but we did not know how to access the M&A market for aggregate mining companies. From initial contact, BCA provided expert competency and insight. The BCA team led us through professional presentations with numerous buyers. They assembled a robust market that was complete with capable and interested buyers. The offers were impressive.”

Don Bravaldo, President of Bravaldo Capital Advisors acknowledges that, “Working with the shareholders and management team of B&W was truly an honor for our firm. They built an amazing family business that had become an impressive market leading silica mining and processing operation. We take great pride in working with family businesses and we knew how vital it was to the family and employees to ensure the family legacy, both financially as well as operationally. BCA is thrilled at the successful outcome that B&W achieved, and we are delighted to have served as their advisors on this important transaction”.

Brown & Watson Company, Inc. ( http://butlersand.com) headquartered in Butler, GA, is a third-generation family-owned and operated natural sand provider. The Company mines and produces premium concrete sand, masonry sand, golf course construction sand, fill materials and specialty sand products. Founded in 1954, and incorporated in 1977, B&W supplies silica sand products throughout Georgia, with emphasis on the greater Atlanta metropolitan area. Customers include ready-mix suppliers, packaged concrete manufacturers and golf/turf sand producers, and the Company has developed a reputation with its customers for its exceptional service and high-quality sand products known for their cleanliness and consistency of color.

Rogers Group, Inc. (www.rogersgroupincint.com) headquartered in Nashville, TN, is a leading provider of crushed stone, asphalt, and construction services in the Southeast and Southwest and is the largest privately owned construction aggregate company in the country. Founded in 1908, Rogers Group offers high-quality construction aggregate and road construction services at competitive prices and has over 3,000 skilled employees and more than 85 quarries and 55 asphalt plants operating in 12 states.

Bravaldo Capital Advisors, Inc. (www.bravaldocapitaladvisors.com) is a boutique Atlanta based mergers & acquisitions and corporate finance advisory firm, providing independent economic and financial advice and execution services for lower middle market companies in a variety of industries with revenues typically between $10 million and $300 million. BCA offers a full range of transaction and advisory services, guiding clients through sell-side transactions and exit strategy planning, growth through acquisition, debt restructuring and corporate recapitalization. The BCA team is a senior deal team with extensive knowledge and insight into the full life cycle of M&A and corporate finance engagements.

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