TRG | The Bottom Line – 2/6

SunTx Capital Partners on 10/9/25 announced its intention to partner with Haymaker Acquisition Corp. 4 (NYSE: HYAC), a SPAC, to take Suncrete public. Suncrete is a scalable and vertically integrated, pure-play ready-mix concrete company. With its headquarters in Tulsa, OK, Suncrete is strategically positioned across OK and AR with plans to expand throughout the “Sunbelt” region. The company serves a diverse customer base across public infrastructure, commercial, and residential sectors through its 50 production facilities, a fleet of 330+ owned mixer trucks, and high-tech dispatch infrastructure. Due to their valuable assets, geographical footprint, and market leadership, Suncrete is positioned to benefit from industry trends including reindustrialization, urbanization, and migration to the Sunbelt. Suncrete is an acquisition opportunity platform and intends to use the majority of deal proceeds towards acquisitions. Suncrete estimates the near-term M&A pipeline includes over $100MM in EBITDA, which would be nearly double 2025’s level. In the Sunbelt region alone, there are 3,000+ plants operated by over 700 companies, with 88% of operators having 5 or fewer plants. Suncrete is a growth story; the company seeks to be an active participant in the consolidation of the ready-mix concrete industry, focusing on the “Sunbelt” region. Suncrete of today will look vastly different in 12-24 months. Suncrete will trade under the ticker symbol RMIX sometime in Q1’26.