MLM
🤝 Martin Marietta is another major operator that leases quarries from FRP Holdings.
💰 FRP Holdings sold Bluegrass Materials to Martin Marietta in 2007 for $1.6 billion.
📈 The royalty model provides FRP Holdings with a steady income stream tied to aggregate production.
@emeritoquintana:
“In 2010, after the crisis, they created a new company with other partners called Bluegrass Materials, which they sold to Martin Marietta in 2007 for $1.6 billion. This was separate from FRP Holdings. Within FRP Holdings, the most significant event was in 2018 when they sold their industrial warehouse business to Blackstone for $360 million. They received all that money to reinvest, which they are very good at. They not only sell at very good prices but also buy at very good prices.”
Watch the exact part of the video where Emerito talks about Martin Marietta here:
View the video on YouTube.
Read more articles by the world’s top 100 analysts on Martin Marietta (MLM) at the following link. MLM stock.
