Suncrete Hits Nasdaq, Aims to Pave the Booming U.S. Sunbelt

DALLAS, TX – April 08, 2026 – A new player with a foundational role in American growth is set to make its public debut. Suncrete, Inc., a ready-mix concrete supplier, has finalized its business combination with special purpose acquisition company (SPAC) Haymaker Acquisition Corp. 4. The move catapults the formerly private entity onto the public stage, with its shares expected to begin trading on the Nasdaq under the ticker 'RMIX' on April 9, 2026.

The deal injects approximately $226 million in gross proceeds into the company, a war chest earmarked for an ambitious expansion strategy focused squarely on the U.S. Sunbelt. This transaction transforms Concrete Partners Holding (CPH), a portfolio company of SunTx Capital Partners, into a publicly traded powerhouse poised to capitalize on one of the most significant demographic shifts in the nation.

Building the Sunbelt's Future

Suncrete's strategy is inextricably linked to the relentless growth of the U.S. Sunbelt. The region, stretching from Florida to California, has become the nation's demographic and economic center of gravity. Over the last decade, Sunbelt states have accounted for a staggering 80% of the country's total population growth. Projections show this trend is not slowing, with another 11 million people expected to move to the region in the coming decade.

This massive migration fuels a voracious demand for new infrastructure. Every new residential development, office park, warehouse, school, hospital, and highway requires a critical, foundational material: ready-mix concrete. Suncrete is positioning itself as a mission-critical partner in this construction value chain. With current operations centered in Oklahoma and Arkansas, the company has a clear mandate to expand its footprint across this high-growth corridor.

"This Nasdaq bell ceremony marks an important moment for Suncrete as we continue our mission to become a leading ready-mix concrete logistics and distribution platform company serving customers throughout the high-growth Sunbelt region of the United States," said Randall Edgar, Chief Executive Officer of Suncrete. In the press release, he added, "We are pleased to welcome new investors as Suncrete enters its next phase of growth as a public company."

A Concrete Path to the Public Markets

The journey to becoming a public company via a SPAC merger is one that has been fraught with challenges for many companies in recent years. However, the Suncrete and Haymaker transaction appears to be a case study in investor confidence. The deal was bolstered by a significant Private Investment in Public Equity (PIPE) financing, which not only met its target but was upsized from an initial $82.5 million to a final $167.1 million. Total committed capital, including non-redemption agreements, reached approximately $215 million.

This strong institutional backing is a powerful vote of confidence in Suncrete's strategy and leadership. Haymaker, led by a team with a track record of three prior successful de-SPAC transactions, also secured agreements with investors to prevent share redemptions, a common hurdle that can deplete a SPAC's cash reserves before a merger closes. As a result, CPH and Haymaker now become wholly owned subsidiaries of the new public entity, Suncrete, Inc.

"Our Nasdaq listing represents a significant milestone for Suncrete and reinforces our growth strategy," commented Ned N. Fleming, III, Executive Chairman of Suncrete. He highlighted the "strong support from institutional investors in our PIPE and non-redemption agreements" as a demonstration of confidence in the company's disciplined approach. This financial maneuver provides Suncrete with a robust balance sheet to execute its plans for both organic growth and strategic acquisitions.

Navigating a Fragmented Market

While Suncrete's ambition is clear, it is entering a competitive and highly fragmented industry. The Sunbelt's ready-mix concrete market is characterized by over 3,000 individual concrete plants, many of which are undergoing a generational transfer of ownership. This fragmentation is not seen as a hurdle but as the central pillar of Suncrete's acquisition strategy.

In its home turf of Oklahoma and Arkansas, the company competes with established players. Dolese, one of the region's largest producers, operates over 45 plants in Oklahoma with a fleet of more than 330 mixer trucks. Other significant competitors include APAC-Central and Twin Cities Ready Mix, each with extensive networks and long histories in the area.

Suncrete's plan is to leverage its new public currency and capital to consolidate this market. The company has stated it has a significant and actionable acquisition pipeline, with ongoing discussions targeting companies in both its existing markets and new Sunbelt states. By acquiring smaller, local operators, Suncrete aims to rapidly scale its vertically integrated platform, which already includes batching plants, a dedicated fleet of over 300 owned mixer trucks, and a tech-enabled dispatch infrastructure. This model combines a decentralized plant network for local service with centralized oversight for efficiency in pricing, customer relations, and fleet utilization.

The Strategy Behind 'RMIX'

For public market investors, 'RMIX' represents a pure-play bet on the physical development of the American South and West. The company's leadership emphasizes a high-performance culture and deep operational experience, with a senior management team that has spent over a decade building ready-mix infrastructure companies in the Sunbelt.

The company’s integrated logistics and scale position it as a trusted partner for a diversified customer base across public infrastructure, commercial, and residential projects. By operating its own fleet and employing modern dispatch technology, Suncrete aims to deliver a superior service of being on time and on spec—a critical advantage in the time-sensitive world of concrete pouring.

As Suncrete’s leadership prepares to ring the Nasdaq closing bell, the event symbolizes more than just a new stock listing. It marks the fusion of a foundational industrial company with the financial power of public markets, all aimed at building the backbone of America's fastest-growing region. The capital raised and the confidence shown by investors provide a solid foundation, but the true test will be in the execution of its ambitious plan to pave the Sunbelt.