Tracked deals
142
142 tracked deals across 2024.
Construction Acquisitions in 2024
Buyer mix
Mixed buyer set
116 strategic · 77 pe
Top trend
Volume peaked in 2025
170 tracked deals announced in 2025.
Buyer Snapshot
Top Buyers
Illustrative buyers pulled from tracked transactions on this page. This table is capped and intentionally non-exhaustive.
| Buyer | # Deals | Focus | Type |
|---|---|---|---|
| Groundworks | 7 | National foundation and water management solutions compan... | Strategic (PE-backed) |
| The Valcourt Group | 5 | Provider of commercial exterior building services includi... | Strategic |
| Construction Partners, Inc. | 4 | Vertically integrated civil infrastructure company specia... | Strategic |
| Dunes Point Capital, LP | 4 | Family office and private investment firm pursuing contro... | Family Office |
| Heartland Paving Partners | 3 | Provider of commercial asphalt and concrete maintenance a... | Strategic (PE-backed) |
| Huron Capital | 3 | Lower middle-market private equity firm focused on contro... | PE |
| Infinity Home Services | 3 | Full-service exterior remodeling company and roll-up cons... | Strategic (PE-backed) |
| O2 Investment Partners | 3 | Midwestern-based private equity firm focused on lower mid... | PE |
| Pearl Street Capital Partners | 3 | Lower middle-market private equity firm focused on long-t... | PE |
| Renta Group Oy | 3 | Northern European full‑service equipment rental company o... | Strategic (PE-backed) |
Acquisition Volume in Construction in 2024 by Year
Last 10 years
Actual
Full-year estimate
Supporting Data
Recent Transactions
-
December 23, 2024
- Buyer
- Roofing Services Solutions, Dunes Point Capital, LP
- Target
- Midwest Roofing, Siding & Windows, LLC
- Industry
- Construction
- Location
- Minnesota, United States
- Type
- Addon
Roofing Services Solutions (RSS), a portfolio company of Dunes Point Capital, LP, has acquired Midwest Roofing, Siding & Windows, LLC, a Blaine, Minnesota-based provider of re-roofing and building exterior services. Midwest operates one location and employs approximately 15 people; RSS is a multi-location roofing platform with about 12 locations and ~200 employees.
-
December 16, 2024
- Buyer
- Milrose Consultants, Southfield Capital
- Target
- Construction Specifications, Inc.
- Industry
- Construction
- Location
- New Jersey, United States
- Type
- Addon
Milrose Consultants, a Southfield Capital-backed national building code and compliance firm, has acquired Construction Specifications, Inc. (CSI), a Morganville, New Jersey-based architectural specification writing and consulting firm. The add-on deal — financed by Monroe Capital with counsel from Wiggin and Dana LLP — expands Milrose's technical capabilities and geographic reach across public and private construction end markets.
-
December 12, 2024
- Buyer
- Blackford Capital
- Target
- Security Fire Systems
- Industry
- Construction
- Location
- Texas, United States
- Type
- Buyout
Blackford Capital acquired Security Fire Systems (SFS) on December 12, 2024, launching its Fire Safety Consolidation Platform; terms were not disclosed. SFS, founded in 1993 and based in the Dallas–Fort Worth area (Coppell, Texas), provides fire sprinkler design, installation, testing, maintenance and fire alarm services across Texas, Arkansas, Colorado and Oklahoma; SFS management will remain in place as Blackford pursues further add-on consolidation opportunities.
-
December 11, 2024
- Buyer
- Vulcan Materials Company
- Target
- Superior Ready Mix Concrete, L.P.
- Industry
- Construction
- Location
- United States
- Type
- Buyout
Vulcan Materials Company entered into a definitive agreement to acquire Superior Ready Mix Concrete, L.P. (Superior). The value-enhancing deal is expected to close by the end of 2024, adding six aggregates operations and expanding Vulcan’s asphalt and ready-mixed concrete presence in Southern California.
-
December 5, 2024
- Buyer
- Rose Paving, Tenex Capital Management, Harbor Beach Capital
- Target
- Rose Paving, Atlantic Southern Paving
- Industry
- Construction
- Location
- United States
- Type
- Addon
Rose Paving has merged with Atlantic Southern Paving to create one of the largest self-performing paving companies in the United States, combining complementary geographic footprints and creating a nationwide network. The combined business — supported by existing investors Tenex Capital Management (Rose) and Harbor Beach Capital (ASP) — will operate over 1,000 employees across 34 offices to expand scale and service capabilities.
-
December 4, 2024
- Buyer
- Groundworks
- Target
- Yellowstone Structural Systems
- Industry
- Construction
- Location
- Montana, United States
- Type
- Addon
Groundworks, a Virginia Beach–based national foundation and water management platform, has acquired Yellowstone Structural Systems of Bozeman, Montana. The deal expands Groundworks' western U.S. footprint and establishes its first office in Montana to provide foundation repair, waterproofing and related services to local residential and commercial customers.
-
December 3, 2024
- Buyer
- The Valcourt Group
- Target
- Restocon
- Industry
- Construction
- Location
- Florida, United States
- Type
- Buyout
The Valcourt Group has acquired Restocon, a Tampa-based specialty construction and waterproofing contractor, to expand Valcourt's capabilities in parking garage repair and waterproofing. Restocon's leadership will remain in place and the acquisition is intended to broaden Valcourt's specialty services and enable expansion into new markets.
-
December 3, 2024
- Buyer
- Perry Homes
- Target
- MasterCraft Builder Group
- Seller
- Chris Shee (owner and CEO), Brad (co-owner / brother of Chris Shee)
- Industry
- Construction
- Location
- Florida, United States
- Type
- Buyout
Perry Homes, a large privately held homebuilder based in Houston, has acquired MasterCraft Builder Group, a regional homebuilder in the Jacksonville/St. Johns, Florida area. The acquisition expands Perry Homes' operations in Florida; MasterCraft's owners, including CEO Chris Shee and his brother Brad, sold the business with Builder Advisor Group serving as exclusive financial advisor to MasterCraft.
-
December 3, 2024
- Buyer
- Sunland Asphalt, Huron Capital
- Target
- Metro Pavers, Inc.
- Seller
- Mikey Sasina
- Industry
- Construction
- Location
- Colorado, United States
- Type
- Addon
Huron Capital's portfolio company Sunland Asphalt has acquired Metro Pavers, Inc., a Denver-area asphalt maintenance and paving contractor founded in 1975. The add-on expands Sunland's presence in Colorado and strengthens its service capabilities across public and private end markets; Honigman LLP and Moss Adams LLP served as legal and financial diligence advisors, respectively.
-
- Buyer
- Energy Services of America Corporation
- Target
- Tribute Contracting & Consultants, LLC
- Industry
- Construction
- Location
- United States
- Type
- Buyout
Energy Services of America Corporation (Nasdaq: ESOA) has completed the purchase of substantially all assets of Tribute Contracting & Consultants, LLC for $22 million in cash (plus $2.0 million of common stock), adding an underground utility contractor that employs approximately 90 construction workers. The acquisition expands Energy Services' capabilities and presence in water distribution and wastewater system installations across Ohio, Kentucky and West Virginia.
-
- Buyer
- Roofing Services Solutions (RSS), Dunes Point Capital, LP (DPC)
- Target
- Quality First Roofing, LLC
- Industry
- Construction
- Location
- Florida, United States
- Type
- Addon
Roofing Services Solutions (RSS), a portfolio company of Dunes Point Capital, has acquired Quality First Roofing, LLC, a Lecanto, Florida-based provider of re-roofing and building exterior services. The add-on deal expands RSS’s footprint in Florida; Quality First operates two locations and employs roughly 15 people while RSS operates eleven locations with ~185 employees.
-
November 22, 2024
- Buyer
- The E-J Group (E-J Electric Installation Co.)
- Target
- State Electric Corporation
- Industry
- Construction
- Location
- Massachusetts, United States
- Type
- Buyout
The E-J Group has acquired State Electric Corporation, a Bedford, Massachusetts-based full-service electrical contractor. State Electric will retain its name and leadership and will join E-J to strengthen the buyer's Northeast presence and expand capabilities in healthcare, life sciences, power, transportation and renewable energy projects.
-
November 20, 2024
- Buyer
- HomeFront Brands
- Target
- Roof Scientist
- Industry
- Construction
- Location
- United States
- Type
- Buyout
HomeFront Brands, a property service franchise platform, has acquired Roof Scientist, a franchise offering that uses the Cericade nano-ceramic roof coating to extend roof life. The deal brings Roof Scientist into HomeFront's family of brands and names Michael Wagner as brand president while founder Matt Snyder remains associated with the concept.
-
- Buyer
- APi Group Corporation
- Target
- Endeavor Fire Protection
- Seller
- Building Industry Partners
- Industry
- Construction
- Location
- United States
- Type
- Buyout
APi Group Corporation has acquired Endeavor Fire Protection from Building Industry Partners. Endeavor — a rapidly growing fire protection and life-safety services platform that expanded to eight locations and nearly 300 employees under BIP ownership — will be integrated into APi's safety and specialty services network; financial terms were not disclosed.
-
November 20, 2024
- Buyer
- Horwitz, Svoboda Capital Partners
- Target
- Preferred Electric
- Industry
- Construction
- Location
- Minnesota, United States
- Type
- Addon
Horwitz, a Midwest mechanical, electrical, and plumbing (MEP) contractor backed by Svoboda Capital Partners, has acquired Preferred Electric, a Twin Cities–based electrical contractor founded in 2008. Founder Clint Kruger will join Horwitz as general manager, and the acquisition expands Horwitz's electrical capabilities to better serve commercial, healthcare, and industrial clients.
-
November 20, 2024
- Buyer
- SRBA Group
- Target
- Corporate Construction Inc.
- Industry
- Construction
- Location
- Connecticut, United States
- Type
- Buyout
SRBA Group, a Dutch provider of controlled environment facilities, has acquired a majority interest in Corporate Construction Inc., a Brookfield, Connecticut-based specialist in cleanrooms, laboratories, industrial manufacturing and medical facility construction. The cross-border transaction was facilitated by IRIS Corporate Finance (Netherlands) and Protegrity Advisors (USA).
-
November 18, 2024
- Buyer
- Precizion Partners, DCA Partners
- Target
- Harrison Concrete Cutting
- Industry
- Construction
- Location
- California, United States
- Type
- Addon
DCA Partners’ portfolio company Precizion Partners has acquired Harrison Concrete Cutting to expand its concrete cutting, coring and drilling capabilities and strengthen its Northern California footprint. The add-on integrates HCC with Precizion’s existing businesses (including W.C. Maloney) to create an operational hub and enhance service delivery across California.
-
November 18, 2024
- Buyer
- Shawmut Design and Construction
- Target
- First Finish
- Industry
- Construction
- Location
- Maryland, United States
- Type
- Buyout
Shawmut Design and Construction has acquired First Finish, a full-service hotel renovation contractor, combining Shawmut's expertise in complex hotel projects with First Finish's fast-track, high-end interiors capabilities. First Finish employees will join Shawmut, with founder David Burman remaining as First Finish president, creating an integrated, all-in-one hospitality renovation offering.
-
November 13, 2024
- Buyer
- Salt Creek Capital
- Target
- AVI Roofing, Inc.
- Industry
- Construction
- Location
- Colorado, United States
- Type
- Buyout
Salt Creek Capital, a San Francisco Bay Area-based private equity firm, has acquired AVI Roofing, a Denver-based provider of residential and commercial roofing services across the Colorado Front Range. The transaction facilitates founder succession as AVI's founder retires and provides Salt Creek with a platform to support AVI's growth and geographic expansion in Colorado.
-
November 12, 2024
- Buyer
- Pinnacle MEP, Blue Point Capital Partners
- Target
- Bell Plumbing Services
- Industry
- Construction
- Location
- Indiana, United States
- Type
- Addon
Blue Point Capital Partners’ platform Pinnacle MEP has acquired Bell Plumbing Services, a Greenwood, Indiana commercial plumbing provider. The add-on expands Pinnacle’s footprint in central and eastern Indiana and enhances its plumbing capabilities for existing HVACR customers to increase market density and service offerings.
-
November 5, 2024
- Buyer
- Superior Rigging & Erecting Co.
- Target
- Heaton Erecting, Inc.
- Seller
- Carol (former owner/CEO of Heaton Erecting, Inc.)
- Industry
- Construction
- Location
- Georgia, United States
- Type
- Buyout
Superior Rigging & Erecting Co., an Atlanta-based crane, rigging and steel-erection firm, has acquired Heaton Erecting, Inc., a long-established Atlanta-area crane rental, rigging and transportation company. Heaton will continue to operate under its name with Patrick Lewis (Superior's CEO) leading the combined business, which aims to expand service capabilities (steel fabrication, millwrighting, storage) for customers in the Atlanta market.
-
- Buyer
- Concurrent Utility Services
- Target
- Atlantic Utility Constructors, Inc.
- Industry
- Construction
- Location
- Florida, United States
- Type
- Buyout
Concurrent Utility Services, a Sanford, Florida-based provider of power and telecom construction and maintenance services, has acquired Atlantic Utility Constructors, Inc., a Melbourne, Florida utility contractor. The deal expands Concurrent's geographic footprint into central and northeast Florida and broadens its underground construction and telecom/fiber installation capabilities.
-
November 5, 2024
- Buyer
- Roofing Services Solutions, Dunes Point Capital, LP
- Target
- Earl W. Johnston Roofing, LLC
- Industry
- Construction
- Location
- Florida, United States
- Type
- Addon
Roofing Services Solutions (RSS), a portfolio company of Dunes Point Capital, LP (DPC), has acquired Earl W. Johnston Roofing, LLC (EJ), a Hollywood, Florida-based provider of re-roofing and building exterior services. EJ operates one location and employs approximately 30 people; the acquisition is an add-on to RSS's Florida footprint (RSS has nine Florida locations and ~170 employees).
-
November 5, 2024
- Buyer
- Eskola Roofing & Waterproofing, Eagle Merchant Partners
- Target
- Frontier Roofing, BBG Contracting Group, Keating Roofing and Sheet Metal
- Industry
- Construction
- Location
- United States
- Type
- Addon
Eskola Roofing & Waterproofing, a Morristown, Tennessee-based commercial roofing platform backed by Eagle Merchant Partners, acquired three regional roofing contractors—Frontier Roofing, BBG Contracting Group, and Keating Roofing—to expand its footprint across the Southeastern and Southwestern United States. The add-on deals broaden Eskola's service coverage (now 22 locations across 11 states) and strengthen capabilities in commercial roofing, restoration and recurring maintenance for end markets such as education, healthcare and infrastructure.
-
- Buyer
- Construction Partners, Inc.
- Target
- Asphalt Inc., LLC d/b/a Lone Star Paving
- Industry
- Construction
- Location
- Texas, United States
- Type
- Buyout
Construction Partners, Inc. (NASDAQ: ROAD) completed the acquisition of Asphalt Inc., LLC d/b/a Lone Star Paving, a vertically integrated asphalt manufacturing and paving company operating in central Texas. The deal expands CPI's vertical integration and presence in high-growth Texas markets and led CPI to raise its fiscal 2025 guidance to reflect Lone Star's expected contribution.
-
Coastal Luxury Outdoors (Carl Capital) Acquires Multiple Pool Service Companies in Northeast FloridaOctober 29, 2024
- Buyer
- Coastal Luxury Outdoors, Carl Capital
- Target
- Andy's Pools, BAP Pools, Gene's Pool Service, Purple Heart Pools, Crown Pools (maintenance division), United Pool Service, Suncaster Pools, The Pool Chick
- Industry
- Construction
- Location
- Florida, United States
- Type
- Addon
Coastal Luxury Outdoors, a portfolio company of Carl Capital, acquired a series of local pool businesses across Jacksonville and St. Augustine, Florida, including Andy's Pools, BAP Pools, Gene's Pool Service, Purple Heart Pools, the maintenance division of Crown Pools, United Pool Service, Suncaster Pools, and The Pool Chick. The add-on acquisitions expand Coastal Luxury Outdoors' service capabilities, geographic footprint and maintenance capacity in the luxury outdoor living and pool market.
-
October 28, 2024
- Buyer
- Aligned Exteriors Group, River Sea Network, Pearl Street Capital Partners
- Target
- Trinity Exteriors
- Seller
- Ted Swanson
- Industry
- Construction
- Location
- Minnesota, United States
- Type
- Addon
Aligned Exteriors Group (AEG), a residential exteriors platform backed by River Sea Network and Pearl Street Capital Partners, announced a partnership to acquire Trinity Exteriors, a Minneapolis-region residential roofing services company. Trinity owner Ted Swanson will remain in his current role to manage day-to-day operations as the business joins AEG's Midwest portfolio.
-
- Buyer
- Superior Paving Corp.
- Target
- Kickin' Asphalt Paving & Excavating, LLC
- Industry
- Construction
- Location
- Virginia, United States
- Type
- Buyout
Gainesville, Virginia-based Superior Paving Corp. has acquired Kickin' Asphalt Paving & Excavating, LLC of Strasburg, Virginia, expanding Superior's operations along the I-81 corridor and into West Virginia. The deal is Superior's second acquisition of 2024 and increases the company's regional capacity while providing continuity for Kickin' Asphalt's employees and customers.
-
- Buyer
- Eagle Merchant Partners
- Target
- Sam the Concrete Man
- Seller
- Todd Stewart
- Industry
- Construction
- Location
- Colorado, United States
- Type
- Buyout
Eagle Merchant Partners has acquired a majority stake in Sam the Concrete Man, the largest residential concrete services franchisor in the U.S. Todd Stewart will remain CEO and an equity holder as Eagle partners with management to scale the franchise network, expand the company's footprint and explore additional service lines.
-
- Buyer
- Undivided Life Holdings
- Target
- McKnight Construction
- Industry
- Construction
- Location
- Texas, United States
- Type
- Buyout
Undivided Life Holdings has acquired a majority stake in McKnight Construction, a Pollok, Texas-based metal building construction firm founded in 1973. The investment will support McKnight's operational improvements and geographic expansion across East Texas and into the Dallas–Fort Worth and Houston markets while keeping founder Robby McKnight engaged in the business.
-
October 4, 2024
- Buyer
- Infinity Home Services Inc., Freeman Spogli & Co.
- Target
- Exterior Medics, Inc.
- Seller
- Joe LeVecchi, Mark Watson
- Industry
- Construction
- Location
- Virginia, United States
- Type
- Addon
Infinity Home Services, a portfolio company of private equity firm Freeman Spogli & Co., has acquired Exterior Medics, a Washington D.C.‑area home‑exterior remodeling services provider. The add‑on transaction (closed October 4, 2024) expands IHS's footprint and service capabilities in the D.C. metro market; Founders Advisors acted as sell‑side advisor to Exterior Medics' co‑owners.
-
- Buyer
- O2 Investment Partners, PennantPark Investment Advisors, LLC
- Target
- The Aqua Doctor, Chaikin Ultimate Pools, Cool Pool & Spa, Gorlin Pools and Spas, Rainbow Pools
- Industry
- Construction
- Location
- United States
- Type
- Buyout
O2 Investment Partners has invested in and partnered with The Aqua Doctor, Chaikin Ultimate Pools, Cool Pool & Spa, Gorlin Pools and Spas, and Rainbow Pools to create Azureon, a new pool services platform serving the New York and New Jersey region. The deal (financed in part by PennantPark Investment Advisors) combines maintenance, repair, renovation, and design/build capabilities under a centralized leadership team while member companies and their management teams retain significant ownership.
-
September 26, 2024
- Buyer
- EMK Capital
- Target
- Pinerock Group
- Industry
- Construction
- Location
- Stockholm County, Sweden
- Type
- Buyout
EMK Capital has acquired a majority stake in Pinerock Group, a Swedish renovation, maintenance and improvement (RMI) building services group. EMK said the investment will strengthen Pinerock's market position and geographic coverage in Sweden and internationally via an organic and acquisition-driven growth strategy.
-
September 25, 2024
- Buyer
- The Valcourt Group
- Target
- Cercone Exterior Restoration, LLC
- Industry
- Construction
- Location
- New York, United States
- Type
- Buyout
The Valcourt Group has acquired Cercone Exterior Restoration, LLC to enter the Manhattan metropolitan market and expand its historic facade restoration capabilities. Cercone — founded and led by Henry Cercone with offices in Manhattan and Queens — will continue to operate under Valcourt, leveraging expanded resources to pursue larger-scale exterior restoration, masonry, waterproofing and roofing projects.
-
September 24, 2024
- Buyer
- Andwis
- Target
- Turnpower
- Industry
- Construction
- Location
- England, United Kingdom
- Type
- Addon
Andwis has acquired London-based commercial property maintenance specialist Turnpower. Morphose Capital Partners advised Turnpower on the sale; the acquisition strengthens Andwis's Maintenance & Response capability and expands its client footprint across retail, healthcare, hospitality and social housing sectors in London and the Home Counties.
-
September 20, 2024
- Buyer
- George & Lynch Inc.
- Target
- Harry Caswell Inc.
- Seller
- Harry Caswell (founder/owner)
- Industry
- Construction
- Location
- Delaware, United States
- Type
- Buyout
Dover-based general contractor George & Lynch Inc. has acquired Millsboro plumbing, mechanical and utility contractor Harry Caswell Inc. The deal preserves about 60 Harry Caswell employees and brings founder Harry Caswell on as a consultant as part of an owner retirement/ succession plan.
-
September 19, 2024
- Buyer
- Unnamed strategic buyer (pavement marking and traffic control services leader)
- Target
- New Dimensions in Pavement Markings, Inc.
- Seller
- Shannon Wood, Jason Wood
- Industry
- Construction
- Location
- North Carolina, United States
- Type
- Buyout
New Dimensions in Pavement Markings, a Western North Carolina asphalt maintenance and pavement marking services provider founded in 1992, has been acquired by an unnamed strategic buyer. The transaction, facilitated by Viking Mergers & Acquisitions, was completed to allow New Dimensions to join a larger, diversified platform and expand its service offerings and geographic reach.
-
September 19, 2024
- Buyer
- HardRock Infrastructure Services, Tower Arch Capital
- Target
- HDW Construction & Drilling
- Seller
- Shohn Huckabee, Huckabee family
- Industry
- Construction
- Location
- Texas, United States
- Type
- Addon
HardRock Infrastructure Services, together with private equity partner Tower Arch Capital, has acquired HDW Construction & Drilling, a Seguin, Texas auger-boring and tunneling contractor. HDW will become a wholly owned subsidiary of HardRock with founder Shohn Huckabee and his family remaining as significant investors, expanding HardRock's capabilities in the water and wastewater utility market across Texas.
-
September 18, 2024
- Buyer
- Osceola Capital, Valor Exterior Partners
- Target
- HP Roofing, WeatherCheck
- Industry
- Construction
- Location
- United States
- Type
- Addon
Osceola Capital has formed Valor Exterior Partners, a platform to consolidate exterior home services across the Northeastern United States, and announced the completion of its first two strategic partnerships with HP Roofing and WeatherCheck. Valor, led by CEO Jerry Arteaga and backed by Osceola, will provide roofing, siding, window/door, skylight, insulation and decking services and pursue further add-on acquisitions to scale regionally.
-
September 17, 2024
- Buyer
- Kiely Family of Companies
- Target
- All Bright Electric
- Seller
- Woodbridge International
- Industry
- Construction
- Location
- New York, United States
- Type
- Buyout
Kiely Family of Companies (KIELY) has acquired All Bright Electric, an electrical contracting firm based in West Nyack, New York. The acquisition expands KIELY’s service capabilities into electrical contracting and strengthens its engineering and construction platform in the Hudson Valley region.
-
September 17, 2024
- Buyer
- Aligned Exteriors Group, River Sea Network, Pearl Street Capital Partners
- Target
- Perfect Exteriors of Minnesota
- Industry
- Construction
- Location
- Minnesota, United States
- Type
- Addon
Aligned Exteriors Group (AEG), a residential exteriors platform backed by River Sea Network and Pearl Street Capital Partners, has partnered with Perfect Exteriors of Minnesota to expand AEG's footprint into the greater Minneapolis market. Tyler Arrell, owner of Perfect Exteriors, will remain in his current role to manage day-to-day operations. The deal adds a values-driven residential roofing and exterior services provider to AEG's Midwest portfolio.
-
- Buyer
- Construction Partners, Inc.
- Target
- John G. Walton Construction Company, Inc.
- Industry
- Construction
- Location
- Alabama, United States
- Type
- Buyout
Construction Partners, Inc. (NASDAQ: ROAD) has acquired John G. Walton Construction Company, Inc., a Mobile, Alabama–based contractor that includes a hot‑mix asphalt plant and related crews and equipment. The acquisition expands Construction Partners' hot‑mix asphalt capacity and local presence in the Mobile and southwestern Alabama market, supporting the company's continued geographic growth in Alabama.
-
September 10, 2024
- Buyer
- Farragut Capital Partners, NewSpring Mezzanine (NewSpring), Salem Investment Partners, Progress Equity Partners
- Target
- Salisbury Moore
- Industry
- Construction
- Location
- North Carolina, United States
- Type
- Recapitalization
Progress Equity Partners has completed a recapitalization of Salisbury Moore, a Raleigh, North Carolina-based hotel renovation and remodeling company. Farragut Capital Partners, NewSpring Mezzanine, and Salem Investment Partners invested subordinated debt and equity to support the recapitalization and enable Salisbury Moore’s continued growth; existing management will remain in place.
-
September 6, 2024
- Buyer
- Mangrove Equity Partners
- Target
- A&R Sealcoating, Inc.
- Industry
- Construction
- Location
- Michigan, United States
- Type
- Growth capital
Mangrove Equity Partners has made a minority/growth investment in A&R Sealcoating, Inc., a Southeast Michigan provider of pavement repair and maintenance services. Founder Rocky Ricelli remains a significant owner and will continue to lead the business as Mangrove supports growth, organizational buildout and pursuit of add-on acquisitions.
-
September 4, 2024
- Buyer
- Restoration Builders Holdings, Inc., RB Residential, Inc.
- Target
- Massey Construction Group, Inc.
- Seller
- Massey Construction Group, Inc., Mark Massey
- Industry
- Construction
- Location
- Florida, United States
- Type
- Buyout
Restoration Builders Holdings, through its subsidiary RB Residential, completed an asset purchase of Massey Construction Group, a top-rated roofing services provider in Southwest Florida. Founder Mark Massey will join Restoration Builders in an expanded managerial role as the acquisition expands Restoration Builders' national footprint and service offering.
-
September 4, 2024
- Buyer
- RCap Equity Partners, Monroe Capital LLC
- Target
- Northeast Contracting Corp.
- Seller
- Existing shareholders
- Industry
- Construction
- Location
- Virginia, United States
- Type
- Recapitalization
RCap Equity Partners led a majority recapitalization of Northeast Contracting Corp. (NECC) in partnership with Monroe Capital LLC and existing shareholders. NECC, a Lorton, Virginia–based full-service commercial roofing company serving education, government, multi-family and industrial end markets across the Mid-Atlantic, will use the partnership capital to invest in its team, expand service offerings and pursue strategic acquisitions.
-
September 3, 2024
- Buyer
- Synergos Companies
- Target
- ODC Construction
- Industry
- Construction
- Location
- Florida, United States
- Type
- Buyout
Synergos Companies has acquired ODC Construction, marking Synergos' first significant expansion into Florida and the eastern United States. ODC, founded in 2011 and based in the greater Orlando market, is a regional leader in shell construction providing foundations, block masonry, and lumber framing services.
-
September 3, 2024
- Buyer
- Limbach Holdings, Inc. (Nasdaq: LMB)
- Target
- Kent Island Mechanical, LLC
- Seller
- Mark Bowen
- Industry
- Construction
- Location
- Maryland, United States
- Type
- Buyout
Limbach Holdings, Inc. (Nasdaq: LMB) has acquired Kent Island Mechanical, LLC (KIM) for an initial purchase price of $15 million, with up to $5 million in performance-based earn-outs. The acquisition expands Limbach's mechanical/HVAC and plumbing capabilities and Mid-Atlantic footprint, and KIM is expected to contribute about $30 million in revenue and over $4 million in EBITDA annually beginning in 2025. Founder Mark Bowen retired at closing and some KIM leadership (including Director of Operations Kyle Benjamin) will join Limbach's Mid-Atlantic leadership team.
-
August 28, 2024
- Buyer
- Groundworks
- Target
- Rainy Day Basement Systems
- Seller
- Dan Malsch (owner of Rainy Day Basement Systems)
- Industry
- Construction
- Location
- Washington, United States
- Type
- Addon
Groundworks, a Virginia Beach-based foundation and water management platform, has acquired Arlington, Washington-based Rainy Day Basement Systems. The acquisition expands Groundworks' Seattle-area footprint and brings Rainy Day's basement waterproofing and crawl space repair team into the Groundworks network while retaining the local team and offering employees ownership opportunities.
-
August 28, 2024
- Buyer
- Lake Street Capital Partners, LP, Concrete Science Holdings, LLC
- Target
- Concrete Science Holdings, LLC, MD Concrete, LLC
- Industry
- Construction
- Location
- Minnesota, United States
- Type
- Recapitalization
Lake Street Capital Partners completed a majority recapitalization and partnership with Concrete Science Holdings, a Minneapolis-based concrete installation and coatings services platform. Concurrently, Concrete Science completed an add-on acquisition of MD Concrete to expand its geographic reach and service capabilities.
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