Tags:BuildingBusinessConstructionFamilyIndustryLEDMaterialsSupply
The Baker family, led by John Baker (Bluegrass Chairman) and Ted Baker (Bluegrass CEO), had been in the rock quarry business for three generations. After successfully building Florida Rock into one of the largest aggregates producers in the U.S. and selling the company to Vulcan Materials (NYSE:VMC) in 2007, the Bakers sought a partner who could help them launch and grow a new aggregates business. Lindsay Goldberg was introduced to the Bakers through an affiliate partner.
In April 2018, Lindsay Goldberg sold Bluegrass to Martin Marietta Materials (NYSE:MLM). Subsequently, John and Ted Baker joined Lindsay Goldberg’s affiliate partner network, significantly expanding Lindsay Goldberg’s sourcing network in the Southeast region and its industry expertise within the materials sector.
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