RiverAggregates sold; CAZ Investments, Bonaccord ink deal

River Aggregates, operator of sand and gravel facilities serving Houston and Beaumont, has been acquired by StonePoint Materials, a producer of crushed stone, sand and gravel serving diverse end markets including infrastructure, commercial and residential construction and energy. Terms of the deal were not disclosed.

Founded in 2011, River is one of the largest independent sand and gravel producers in the Houston market. River Managing Partners Rob Van Til and Carl Davis will join the StonePoint team.

StonePoint, based in Philadelphia, operates in 10 states.

CAZ strikes investment partnership

CAZ Investments, a Houston-based multifamily office and investment adviser, announced a long-term strategic partnership with Bonaccord Capital Partners, the minority investment business of global asset manager Aberdeen Standard Investments.

The partnership is expected to result in commitments of more than $250 million to Aberdeen Standard Investments private markets strategies over multiple investment cycles. CAZ will receive access to co-investments and ancillary product opportunities for itself and its client network.

CAZ has deployed more than $750 million across fund investments and co-investments in short subprime, distressed financials, mid-stream energy and medical royalties, among others.

WhiteWater Express buys Dallas car wash

WhiteWater Express Car Wash, headquartered in Houston, has acquired Dallas-Fort Worth-based LandShark Express Car Wash. The deal adds eight car washes and several future sites in development to the WhiteWater portfolio. Terms were not disclosed.

In addition, WhiteWater has four additional greenfield sites scheduled to open by the end of the year as well as an acquisition under contract for a total of 22 locations by the end of 2020.

Over the last year WhiteWater has opened three sites, in Springwoods, Katy and Keller, in the Dallas-Fort Worth market.

Bed Bath & Beyond trimming store count

Bed Bath & Beyond, which said in August that it would close 200 of its 1,500 stores over the next two years, has begun by shuttering four of its 73 stores in Texas.

Two are in Tarrant County, in Hurst and Watauga. The others are in Austin and in Missouri City.

The New Jersey-based retailer is undergoing a restructuring under new CEO Mark Tritton.

The company is reorganizing, cutting costs and trying to build up its online business.

It lagged behind the industry in setting up systems to buy online and pick up in stores, curbside pickup and same-day delivery.