Titan America IPO
- On February 6, 2025, Titan America, U.S. subsidiary of Titan Cement International SA (“TCI”), announced the successful pricing of its $384mm IPO at $16.00 per share
- Critical transaction providing capital, standalone balance sheet capacity and a new domestic currency to enhance strategic flexibility
- Improves ability to support internal growth and efficiency initiatives as well as capacity to execute on attractive M&A opportunities
- Preserves relationship with parent company and supply of imported product critical to meeting demand in key markets (Florida and the Mid-Atlantic)
- Latest iteration of broader sector trend to illuminate value of U.S. assets and bridge valuation gap relative to international platforms
- Vestra provided advice to Titan Cement International’s Board of Directors throughout the IPO process
