Colas Inc Strengthens Northeastern U.S. Presence with USD 450 Million Suit-Kote Acquisition

Colas Inc Strengthens Northeastern U.S. Presence with USD 450 Million Suit-Kote Acquisition

(IN BRIEF) On 4 August 2025, Colas Inc agreed to acquire Suit-Kote for over USD 450 million from the founding Suits family. Suit-Kote, established in 1921, specializes in liquid asphalt distribution, emulsion mixes, road construction, and pavement preservation in the Northeastern U.S., serving over 750 employees and achieving USD 500 million in yearly revenue. The purchase supports Colas’s international growth strategy and bolsters its bitumen distribution footprint in the region. Key executives highlight Suit-Kote’s integrated production and logistics model and regional expertise as critical to Colas’s U.S. development. The deal is expected to close by late September 2025, pending regulatory approvals, including Hart-Scott-Rodino clearance.

(PRESS RELEASE) PARIS, 5-Aug-2025 — /EuropaWire/ — Colas Inc, the U.S. subsidiary of the Bouygues Group’s Colas, announced on 4 August 2025 that it has signed a definitive agreement to acquire 100 percent of Suit-Kote’s shares for over USD 450 million. The sale transfers ownership from the Suits family, who founded the company in 1921, to Colas.

Suit-Kote brings extensive expertise in liquid asphalt distribution, emulsion mix production, road construction, and pavement preservation across several states in the Northeastern United States. The business employs more than 750 staff and generates roughly USD 500 million in annual revenue.

This acquisition aligns with Colas’s global expansion strategy, targeting high-potential markets such as Northern Europe, the United States, Germany, and Australia. By adding Suit-Kote’s established bitumen distribution network, Colas will reinforce its presence in the Northeastern U.S. market.

John Harrington, Executive Vice President of Colas in the United States, said, “Suit-Kote’s strong regional ties, advanced bitumen processing capabilities, and integrated production-logistics-implementation model will be invaluable as we grow our U.S. operations.”

Pierre Vanstoflegatte, CEO of Colas, emphasized the strategic rationale: “This deal exemplifies our commitment to investing in robust growth drivers that meet local needs. With Suit-Kote on board, we continue to build sustainable growth fueled by our teams and international network.”

Subject to customary closing conditions—including clearance under the Hart-Scott-Rodino Antitrust Improvements Act—the transaction is expected to close by the end of September 2025. Colas has been active in North America for over 60 years, employing 13,500 people and generating 28 percent of its 2024 revenue, making it Colas’s second-largest market after France.

Colas (www.colas.com)

Colas, a subsidiary of the Bouygues Group, is a major player in the construction and maintenance of transportation infrastructure and urban development. Colas covers the entire value chain from industrial production to service offerings, including construction work. Thanks to its local presence in some fifty countries on five continents, Colas achieved a consolidated revenue of €15.9 billion in 2024, 59% of which is outside France. With its 64,000 employees, a network of 2,000 operating units comprising 3,500 production units, and nearly 45,000 projects per year, Colas is the trusted partner of its customers. Colas maintains its pioneering, innovative and responsible spirit to connect people and foster sustainable development of territories.

Media Contacts:

Fabienne BOULOC
Tel.: +33 6 67 06 90 21
fabienne.bouloc@colas.com

Charlotte DENIS
Tel.: +33 6 59 59 52 58
charlotte.denis@colas.com

SOURCE: Colas