Memphis Stone & Gravel Company News

Memphis Stone & Gravel and Lehman-Roberts Announce Acquisition by Granite Construction

Partnership to blend family of companies’ long-standing legacy with new opportunities

MEMPHIS, Tenn., Dec 5, 2023 – Memphis Stone & Gravel Company (“MSG”) and sister company Lehman-Roberts Company (“LRC”), leaders in the highway paving and asphalt and aggregate mining industries, today announced the family of companies’ acquisition via Granite Construction (“GVA”).

The companies’ senior leadership team, led by Pat Nelson, will remain in place to manage and develop the business as part of the Granite group of companies. With long-established brand names that carry significant industry value, both acquired companies will continue to serve under each original business name with the addition of “A Granite Company.”

Incorporated since 1922, Granite Construction is one of the largest diversified construction and construction materials companies in the United States. Granite’s Code of Conduct and strong Core Values guide the Company and its employees to uphold the highest ethical standards. Granite is an industry leader in safety and an award-winning firm in quality and sustainability.

With LRC’s and MSG’s strategically located asphalt plants, mines and other facilities, the acquisition by Granite is a strategic step in expanding eastward and establishing a new Southeast market presence. This acquisition will not only strengthen the companies’ commitment to Mid-South infrastructure development, it will also create opportunities for employees by amplifying expertise, paving pathways for upward mobility and more.

“Our team is excited to join Granite as we enter the next phase of our evolution,” said Pat Nelson, LRC and MSG President. “We look forward to continuing to provide our many valued customers with the highest quality aggregates and asphalt paving services for many years to come.”

Granite President and Chief Executive Officer, Kyle Larkin, stated, “We are very excited to complete this acquisition of an outstanding materials-led business that expands our footprint in the Southeast. There are many opportunities for further growth in the market and Granite will support management to continue to execute on its strategy.”