Deal Details

Suncrete and Haymaker Acquisition Corp. 4 Complete Business Combination and $167.1 Million Private Placement

Technology & Services

Suncrete and Haymaker Acquisition Corp. 4 business combination and concurrent private placement

Summary

Concrete Partners Holding, LLC (“CPH”) and Haymaker Acquisition Corp. 4 (NYSE: HYAC) (“Haymaker”) recently announced the successful completion of its previously announced business combination (the “Business Combination”). CPH is the portfolio company of SunTx Capital Partners (“SunTx”), a leading Texas-based private equity firm that invests in construction materials, manufacturing, distribution and service companies. Following the closing of the Business Combination, the go-forward public company will be named Suncrete, Inc. (“Suncrete” or the “Company”), and its Class A common stock began trading on The Nasdaq Global Market under the ticker “RMIX” on April 9, 2026.

In connection with the Business Combination, the Company concurrently closed an upsized private placement of $167.1 million of its Class A common stock (“PIPE Financing”). The Business Combination provides approximately $226 million in gross proceeds, including funds held in trust and proceeds from the concurrent PIPE financing.

Baird acted as capital markets advisor to the Company as well as co-placement agent on the PIPE financing.

About

Suncrete is a pure-play ready-mix concrete company strategically positioned across Oklahoma and Arkansas with plans to expand throughout the rapidly growing and economically resilient U.S. Sunbelt region. Suncrete is a scalable and vertically integrated logistics and distribution platform operating as a mission-critical partner in the construction value chain. The Company operates batching plants, a dedicated fleet of owned mixer trucks and a tech-enabled dispatch infrastructure supporting a diversified customer base across public infrastructure, commercial and residential sectors. Suncrete operates under a decentralized plant network strategy with regionally centralized oversight of pricing, customer relationships and fleet utilization with consistent customer engagement across markets to deliver products on time and on spec. Suncrete’s local market leadership, scale and integrated logistics position it as a trusted partner in some of the nation’s most attractive, fastest growing and most resilient construction markets. The Company is well-aligned to benefit from ongoing population growth, urbanization trends and infrastructure investment across the Sunbelt. Suncrete is headquartered in Tulsa, Oklahoma.

SunTx is a private equity firm that invests in leading middle-market infrastructure, manufacturing and service companies. The firm has been listed as a TOP 50 PE Firm in the Middle Market every year since 2021. SunTx specializes in supporting talented management teams in industries where SunTx can apply its operational experience and financial expertise to build leading middle-market companies with operations typically in the Sunbelt region of the United States. The capital committed by SunTx comes from the principals of SunTx as well as from institutional investors, including university endowments, corporate and public pension funds. SunTx is headquartered in Dallas, Texas.

Haymaker is a blank check company formed for the purpose of effecting a business combination, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. Haymaker is led by Vice President Andrew Heyer and Chief Executive Officer and Chief Financial Officer Christopher Bradley.

Technology & Services

Suncrete and Haymaker Acquisition Corp. 4 business combination and concurrent private placement