DAVY VIEW

Breedon continues to expand its US platform, with Falling Springs Quarry marking its third acquisition in three years. The asset represents a high-quality aggregates bolt-on, strengthening its position in the St. Louis market and enhancing its regional footprint. Acquired for $120m (£90m), the implied valuation of c.10.4x EV/EBITDA suggests a c.$7m contribution in the current year, with the business well positioned to integrate into and support existing operations in the region.