Haymaker Acquisition 4 to Pursue Business Combination with Concrete Partners

Haymaker Acquisition 4, a blank check company, is pursuing a business combination with Concrete Partners, a portfolio company of SunTx Capital. The company was formed to acquire and operate a business in the consumer and consumer-related products and service industries. No operating revenues have been generated.

Suncrete, Inc., a ready-mix concrete company, is set to pursue a listing on the New York Stock Exchange (NYSE) through a proposed business combination with Haymaker Acquisition Corp. 4 (NYSE: HYAC). The transaction, expected to close in the first quarter of 2026, will result in a combined company with a pro forma enterprise value of approximately $972.6 million. Suncrete operates ready-mix concrete plants and tech-enabled mixer trucks in Oklahoma and Arkansas, with plans for expansion into the Sunbelt region SunTx Capital Partners' Portfolio Company, Suncrete, to Pursue Listing on the New York Stock Exchange through a Proposed Business Combination with Haymaker Acquisition Corp. 4^[1].

The business combination involves Suncrete merging with Haymaker, a publicly traded special purpose acquisition company (SPAC). Upon completion, the combined entity will be named Suncrete, Inc. and will receive $82.5 million in committed common stock private placement (PIPE) proceeds to fund acquisitions and organic expansion SunTx Capital Partners' Portfolio Company, Suncrete, to Pursue Listing on the New York Stock Exchange through a Proposed Business Combination with Haymaker Acquisition Corp. 4^[2]. This PIPE funding is intended to support Suncrete's growth strategy, which relies on a hub-and-spoke roll-up strategy in the highly fragmented ready-mix concrete market.

Suncrete's current operations focus on serving infrastructure, commercial, and residential end markets, with a strong emphasis on operational margins and cash conversion. The company has a significant acquisition pipeline and is in ongoing discussions with potential targets in new and existing Sunbelt states. Suncrete's leadership team aims to continue its relative market share expansion and drive organic growth through accretive acquisitions SunTx Capital Partners' Portfolio Company, Suncrete, to Pursue Listing on the New York Stock Exchange through a Proposed Business Combination with Haymaker Acquisition Corp. 4^[2].

The transaction has been approved by both boards and remains subject to shareholder approvals and customary closing conditions. Key advisors to the transaction include Jefferies, Baird, Roth Capital Partners, LLC, and legal firms such as Haynes and Boone, LLP, Cantor Fitzgerald & Co., and DLA Piper LLP (US) SunTx Capital Partners' Portfolio Company, Suncrete, to Pursue Listing on the New York Stock Exchange through a Proposed Business Combination with Haymaker Acquisition Corp. 4^[2].

Suncrete's strategic partnership with Haymaker provides a professional and experienced platform for growth, as Haymaker is led by a four-time SPAC sponsor with extensive public board experience. The company's high-performance and scalable ready-mix concrete platform is well-positioned to continue its market expansion and enhance shareholder value SunTx Capital Partners' Portfolio Company, Suncrete, to Pursue Listing on the New York Stock Exchange through a Proposed Business Combination with Haymaker Acquisition Corp. 4^[2].

Investors should watch for shareholder approval votes and the closing of the transaction in the first quarter of 2026. Additionally, the actual receipt and timing of the $82.5 million PIPE, as well as any disclosed integration or acquisition targets and timing over the next 12–24 months, will be important factors to monitor SunTx Capital Partners' Portfolio Company, Suncrete, to Pursue Listing on the New York Stock Exchange through a Proposed Business Combination with Haymaker Acquisition Corp. 4^[1].