Description: Angelle is the largest independent ready-mix concrete producer in the state of Louisiana and operates cement terminals in Louisiana, Tennessee and Texas.

Background/Purpose: Prior to partnering with ShoreView, Angelle’s majority owners were members of the founding family who were largely inactive in the operations. The Angelle family was seeking to sell its position for estate planning; however, the management team wanted to continue operating the Company. ShoreView was able to structure a transaction that allowed the founding family to receive significant liquidity and provided the management team with additional ownership.

Growth Strategy:

• Expand Angelle's cement terminal operations organically through capacity expansions and the development of new terminals
• Grow its concrete operations through the launch of greenfield plants and add-on
  acquisitions that would expand the Company’s geographic footprint in Louisiana

Results:

• Angelle has experienced dramatic growth
• The Company has successfully launched one new concrete plant and is in the process of
  establishing a new cement terminal
• Angelle completed one add-on acquisition and is seeking other opportunities
• Wealth creation opportunity created for senior executives