SunTx Capital Partners' Suncrete to List on NYSE through Haymaker Acquisition Corp. 4 Business Combination

SunTx Capital Partners' portfolio company Suncrete plans to list on the New York Stock Exchange through a proposed business combination with Haymaker Acquisition Corp. 4. Suncrete operates a ready-mix concrete logistics and distribution platform in the US Sunbelt region, with plans to expand through strategic acquisitions. The company anticipates growth through a proven strategy of organic and acquisitive revenue growth, with a durable and resilient business model.

Suncrete, Inc., a ready-mix concrete logistics and distribution platform operating in the U.S. Sunbelt region, plans to list 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, aims to position Suncrete as a leading publicly traded company in the ready-mix concrete industry.

Suncrete operates ready-mix concrete plants and tech-enabled mixer trucks in Oklahoma and Arkansas, with plans to expand through strategic acquisitions. The company anticipates growth through a proven strategy of organic and acquisitive revenue growth, supported by a durable and resilient business model. The transaction has been approved by both boards and remains subject to shareholder approvals and customary closing conditions.

The combined company is projected to have a pro forma enterprise value of approximately $972.6 million. Suncrete will receive $82.5 million in committed common stock PIPE (Private Investment in Public Equity) proceeds to fund acquisitions and organic expansion across the Sunbelt. The PIPE will provide immediate funding runway but not full coverage of stated expansion ambitions.

The plan relies on a hub-and-spoke roll-up strategy in a highly fragmented ready-mix concrete market and emphasizes operational margins and cash conversion as performance drivers. Closing depends on customary shareholder and closing conditions, and the PIPE provides immediate funding runway but not full coverage of stated expansion ambitions.

Suncrete's growth strategy is supported by a significant acquisition pipeline and a proven, repeatable strategy of growing local relative market share, entering new markets with accretive acquisitions, and operating with an industry-leading margin profile. The company is well-positioned to continue its relative market share expansion, driving organic growth while expanding to new markets through accretive acquisitions.

SunTx Capital Partners, a leading Texas-based private equity firm, sponsored the formation, growth, and listing of Construction Partners, Inc. (NASDAQ: ROAD), which has delivered a 10x increase in its stock price since its IPO. Haymaker is led by a four-time SPAC sponsor with extensive public board experience and private equity management, making it an experienced strategic partner for Suncrete.

The transaction is expected to be completed in the first quarter of 2026. Jefferies is acting as financial advisor and lead capital markets advisor to the Company, while Baird and Roth Capital Partners, LLC are acting as co-placement agents on the private placement. Haynes and Boone, LLP is acting as legal advisor to the Company, with Cantor Fitzgerald & Co., William Blair & Company, L.L.C., and Roth Capital Partners, LLC serving as underwriters for Haymaker's IPO in July 2023.

Suncrete's leadership team is top-tiered and has grown the business in excess of twenty percent annually since its inception in 2008. The company's primary mission is to serve its customers by making its people, culture, and safety top priorities. Through this approach, Suncrete leverages scale to be a leader in its local markets, improving purchasing power and applying operational best practices across its footprint.

Investors and financial professionals are encouraged to watch for shareholder approval votes, the closing in the first quarter of 2026, the actual receipt and timing of the $82.5 million PIPE, and any disclosed integration or acquisition targets and timing over the next 12–24 months.