Exhibit (c)(8)
| 10218 North | Mequon, | Tel 262.241.1000 | www.accuval.net | |||
| Port Washington Road | Wisconsin | Fax 262.241.1010 | ||||
| 53092 USA | 800.852.9252 |
April 11, 2008
Mr. Chris Zugaro, Vice President
Insight Equity
1400 Civic Place, Suite 250
Southlake, TX 76092
Insight Equity
1400 Civic Place, Suite 250
Southlake, TX 76092
| Re: Appraisal — | Meadow Valley Corporation Machinery & Equipment |
Dear Mr. Zugaro:
As requested, the following table provides a breakdown of the values attributed to the machinery and equipment assets located at Meadow Valley Corporation and Ready Mix Inc.
| Ready Mix Inc. | ||||||||
| Location | Orderly Liquidation Value | Fair Market Value | ||||||
| Las Vegas, NV (Delhi) | $ | 2,821,950 | $ | 3,229,500 | ||||
| Lee Canyon, NV | $ | 2,317,650 | $ | 2,779,650 | ||||
| Las Vegas, NV (Gary) | $ | 898,050 | $ | 1,075,000 | ||||
| Moapa, NV | $ | 2,210,300 | $ | 2,685,900 | ||||
| Sun City, AZ | $ | 325,700 | $ | 407,500 | ||||
| Queen Creek, AZ | $ | 2,182,850 | $ | 2,542,100 | ||||
| Tolleson, AZ | $ | 427,500 | $ | 535,500 | ||||
| Total- RMI | $ | 11,184,000 | $ | 13,255,150 | ||||
| Meadow Valley Corp. | ||||||||
| Location | Orderly Liquidation Value | Fair Market Value | ||||||
| North Las Vegas, NV | $ | 7,426,500 | $ | 8,566,200 | ||||
| Phoenix, AZ | $ | 5,668,600 | $ | 6,670,250 | ||||
| Total- MVC | $ | 13,095,100 | $ | 15,236,450 | ||||
| Grand Total | $ | 24,279,100 | $ | 28,491,600 | ||||
| Appraisal — Meadow Valley Corporation | April 11, 2008 |
Between March 24 and 26, 2008, AccuVal personnel inspected the machinery and equipment of Meadow Valley Corporation located at 4635 Andrews St., Suite F (Various Sites), North Las Vegas, Nevada; and 731 North 19th Avenue, Phoenix, Arizona.; and Ready Mix Inc. located at 109 W. Delhi Avenue, Las Vegas, Nevada; Highway 95 at Highway 156, Lee Canyon, Nevada; 6501 W. Richmar Avenue, Las Vegas, Nevada; Highway 168 at 1-15, Moapa, Nevada; 11500 W. Beardsley Road, Sun City, Arizona; 39245 N. Schnepf Road, Queen Creek, Arizona; and 6204 W. Southern Avenue, Tolleson, Arizona. The inspection was conducted to gather data relative to the assets and provide an appraisal to be used as documentation for financial decision-making.
Please contact us if any further clarification is needed regarding the values presented in the original report dated April 7, 2008.
It has been a pleasure being of service to you.
Very truly yours,
AccuVal Associates, Incorporated
Michael S. Hamann, ASA
Manager
Manager
2