Irving-based Commercial Metals Company has acquired Georgia-based Foley Products Company, the largest regional supplier of precast concrete solutions in the country, for a cash purchase price of $1.84 billion.
“The acquisition of Foley presents a unique opportunity to create immediate scale for our precast platform while adding a best-in-class business with industry-leading margins to CMC’s portfolio,” CMC President and CEO Peter Matt said. “We believe precast has significant value creation potential for CMC, and the addition of Foley will help unlock further upside from our pending acquisition of CP&P.”
The latest move for CMC comes on the heels of the company’s September 2025 acquisition of Virginia-based Concrete Pipe & Precast for $675 million. Looking ahead, CMC will operate 35 facilities across 14 states, making it the No. 3 precast platform in the country, as well as a leader in the Mid-Atlantic and Southeast.
“Our new precast platform is also expected to transform CMC’s financial profile, bringing sustainably higher and more stable margins and cash flow, along with significant synergy opportunities as we apply best practices across the network,” Matt said.
Dallas-based Aragorn AI Closes $4.3 Million Seed Round
Dallas-based Aragorn AI has closed its seed round with $4.3 million. The startup’s key offering, the People Ops Operating System, stitches together HR data, analytics, and agentic AI assistants. To date, Aragorn has raised $5.5 million to accelerate product development and go-to-market growth.
“We’re not building yet another Workday plugin, a prettier consultant UI, or slapping a chatbot on top of an archaic system,” Aragorn AI CEO Ed Adjei said. “We’re rethinking the entire HR stack by starting with how HR and People Ops teams actually work—messy data, evolving orgs, real-world workflows—and building backward from there. Aragorn fits the way HR teams operate today, not a system designed to generate consulting fees.”
The company was founded by Ed and his sibling, Gladys, in 2022. The two aimed to address a gap in the HR industry with fragmented and unreliable data. Before starting Aragorn, the former helped scale YourCause from 25 to 500 clients before its $157 million acquisition by Blackbaud.
Aragorn has already been incorporated into HR teams with companies such as Plaid, The Friedkin Group, and Oak View Group. “Our mission is to turn HR into a technology-driven function—where managing employee data doesn’t require engineers or workarounds,” Adjei said.
Raytheon Launches Production of SharpSight Surveillance Radar
Raytheon has begun production on its multi-domain surveillance radar, SharpSight. The radars are capable of real-time high-res images on land and over water in all weather conditions.
“This radar represents the next step in Raytheon’s long legacy of intelligence, surveillance, and reconnaissance innovation,” President of Advanced Products and Solutions at Raytheon, Daniel Theisen, said. “By merging the proven capabilities of HISAR and SeaVue, we’re delivering a flexible, exportable, and affordable radar system designed to outperform on the most demanding multi-domain surveillance missions.”
The radar is being created for “anti-surface warfare, border protection, coastal monitoring, search and rescue, long-range surveillance, and more,” according to Raytheon.
They will also be made available to U.S. partners and allies in accordance with the government directive on offering advanced technologies in surveillance and reconnaissance to allies issued earlier this year.
RMX Industries Lands $50 Million Contingent Capital Facility
Data compression company RMX Industries has signed an agreement with ATW Partners for up to $50 million in a contingent finance facility to pursue expansion.
“This financing is expected to provide us with the flexibility we need to accelerate what’s working while investing in the next set of opportunities,” RMX CEO Karl Kit said. “We’re focused on disciplined growth, delivering for customers, strengthening our operational foundation, and building durable value for all stakeholders. With ATW’s support, we’re positioned to move faster and scale with confidence.”
RMX plans to invest in product development, customer programs, and go-to-market execution.
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