Tracked deals
19
19 tracked deals across 2020-2025.
Construction Buyers & Acquisitions in Michigan
Buyer mix
Mixed buyer set
16 strategic · 14 pe
Top trend
Volume peaked in 2023
4 tracked deals announced in 2023.
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 |
|---|---|---|---|
| Stonehenge Partners | 3 | Lower middle-market private equity firm providing flexibl... | PE |
| True North Asphalt | 2 | Provider of pavement maintenance and repair services (asp... | Strategic (PE-backed) |
| Aecon Group Inc. | 1 | North American construction and infrastructure developmen... | Strategic |
| Aecon Utilities Group Inc. | 1 | Provider of utility infrastructure solutions (electrical ... | Strategic (PE-backed) |
| Alloy Roofing | 1 | Platform consolidator for roofing and exterior services t... | Strategic |
| Capital Construction, LLC | 1 | Provider of roof replacement and exterior restoration ser... | Strategic (PE-backed) |
| CertaSite | 1 | Commercial fire protection and life safety services provi... | Strategic (PE-backed) |
| Concrete & Materials Placement (CMP Pumping) | 1 | Regional concrete pumping and materials placement service... | Strategic |
| Cortec Group | 1 | Middle-market private equity firm investing in specialty ... | PE |
| DiPonio Contracting | 1 | Infrastructure maintenance and construction contractor pr... | Strategic (PE-backed) |
Acquisition Volume in Construction in Michigan by Year
Last 6 years
Supporting Data
Recent Transactions
-
August 11, 2025
- Buyer
- Alloy Roofing
- Target
- Tittle Brothers Construction
- Industry
- Construction
- Location
- Michigan, United States
- Type
- Addon
Alloy Roofing, an Atlanta-based roofing platform, has partnered with Tittle Brothers Construction, a roofing and exteriors company in Brownstown Township, Michigan. The deal brings Tittle Brothers into Alloy’s platform to expand Alloy’s Midwest presence and provide Tittle Brothers with additional resources to support growth and invest in its team.
-
January 16, 2025
- Buyer
- DiPonio Contracting, Evolution Strategy Partners
- Target
- Lodestar Construction
- Industry
- Construction
- Location
- Michigan, United States
- Type
- Addon
Shelby Township-based DiPonio Contracting, a portfolio company of Evolution Strategy Partners, has acquired Lodestar Construction of Grand Rapids, Michigan. The add-on expands DiPonio’s presence across the lower peninsula and strengthens its utilities maintenance and infrastructure construction capabilities for municipal and public-sector customers.
-
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.
-
- Buyer
- Aecon Utilities Group Inc., Aecon Group Inc.
- Target
- Xtreme Powerline Construction
- Industry
- Construction
- Location
- Michigan, United States
- Type
- Buyout
Aecon Utilities Group Inc., a subsidiary of Aecon Group Inc., has acquired a majority interest in Xtreme Powerline Construction for a base purchase price of approximately US$73 million. The acquisition expands Aecon Utilities' U.S. electrical distribution capabilities and footprint — Xtreme, founded in 2007 and headquartered in Port Huron, Michigan, has ~300 employees and long-standing relationships with utility clients including DTE Energy.
-
February 13, 2024
- Buyer
- Lee Industrial Contracting (Lee Contracting)
- Target
- Johnston Contracting, Inc.
- Seller
- Lee Johnston
- Industry
- Construction
- Location
- Michigan, United States
- Type
- Buyout
Lee Industrial Contracting of Pontiac, Michigan has acquired Johnston Contracting, Inc., a heavy civil contractor based in Midland, Michigan. Calder Capital advised Johnston Contracting on the undisclosed-term sale, which expands Lee Contracting’s service capabilities and geographic presence in Mid-Michigan.
-
- Buyer
- U.S. Waterproofing, Rotunda Capital Partners
- Target
- Foundation Solutions 360
- Industry
- Construction
- Location
- Michigan, United States
- Type
- Addon
U.S. Waterproofing, a portfolio company of Rotunda Capital Partners, has acquired Foundation Solutions 360 (FS360), a Fraser, Michigan-based residential foundation repair and basement waterproofing services provider. The deal expands U.S. Waterproofing's Midwest footprint and service capabilities; FS360 founder Joe Marth will remain overseeing operations as the combined platform pursues further growth and add-on acquisitions.
-
September 13, 2023
- Buyer
- CertaSite, The Riverside Company
- Target
- Eastman Fire Protection
- Seller
- Doug Cheesman
- Industry
- Construction
- Location
- Michigan, United States
- Type
- Addon
CertaSite, a commercial fire protection and life safety company headquartered in Indianapolis, has acquired Eastman Fire Protection of Troy, Michigan. The acquisition — CertaSite's eighth in Michigan — expands its local footprint and capabilities; all Eastman employees were retained and the business will operate within the CertaSite platform.
-
- Buyer
- McGrath RentCorp, Ironclad Environmental Solutions
- Target
- VESTA Modular, Adler Tank Rentals
- Seller
- Kinderhook Industries, McGrath RentCorp
- Industry
- Construction
- Location
- Michigan, United States
- Type
- Buyout
McGrath RentCorp acquired VESTA Modular from Kinderhook Industries for a cash purchase price of $400 million, expanding McGrath's modular leasing and construction capabilities and geographic footprint. Concurrently, McGrath sold Adler Tank Rentals to Ironclad Environmental Solutions (a Kinderhook portfolio company) for $265 million as part of a simultaneous transaction sequence that realigned assets between the parties.
-
- Buyer
- True North Asphalt, Stonehenge Partners
- Target
- Huyser Asphalt Paving and Sealcoating
- Industry
- Construction
- Location
- Michigan, United States
- Type
- Addon
Stonehenge Partners’ pavement maintenance platform True North Asphalt has acquired Huyser Asphalt Paving and Sealcoating, a Grand Rapids, Michigan-based asphalt and concrete contractor. The deal expands True North’s footprint across Michigan (including Detroit, Grand Rapids and Lansing) and keeps Huyser’s Founder & President Jason Huyser in place to lead operations in western Michigan.
-
September 13, 2022
- Buyer
- True North Asphalt, Stonehenge Partners
- Target
- Orion Construction Company
- Industry
- Construction
- Location
- Michigan, United States
- Type
- Addon
Stonehenge Partners’ pavement maintenance platform, True North Asphalt, acquired Orion Construction Company as an add‑on to expand its paving maintenance and parking lot services footprint in Michigan. The deal strengthens True North’s service offering across commercial, municipal and residential end markets as the platform continues to pursue further add‑on acquisitions.
-
- Buyer
- Private Investors
- Target
- Beaudoin Electrical Construction, Inc.
- Seller
- Jim Gunn
- Industry
- Construction
- Location
- Michigan, United States
- Type
- Buyout
Beaudoin Electrical Construction, a Sodus, Michigan electrical contractor founded in 1972, was sold to private investors in a transaction that closed April 4, 2022. Generational Equity advised the deal; owner Jim Gunn established an ESOP as part of the transaction to provide employee ownership and retirement benefits.
-
January 18, 2022
- Buyer
- Power VAC, LLC, Peninsula Capital Partners, Pillsman Partners
- Target
- Strain Electric Company
- Seller
- Todd Strain, Debbie Strain, Strain family
- Industry
- Construction
- Location
- Michigan, United States
- Type
- Addon
Power VAC, LLC of Novi, Michigan acquired Strain Electric Company, a 75+-year-old electrical and utility contractor headquartered in Wyoming, Michigan. The transaction is an add-on to Power VAC’s PE-backed platform and was supported by Peninsula Capital Partners and Pillsman Partners to expand Power VAC’s geographic footprint and service offerings into Western Michigan.
-
January 8, 2022
- Buyer
- Stonehenge Partners
- Target
- True North Asphalt
- Seller
- Existing shareholders (including President Nick Whitehurst)
- Industry
- Construction
- Location
- Michigan, United States
- Type
- Recapitalization
Stonehenge Partners led a recapitalization of True North Asphalt, a Madison Heights, Michigan provider of pavement maintenance and repair services. True North President Nick Whitehurst will remain in leadership with significant equity ownership as Stonehenge joins the board and provides capital to support the company's acquisition-driven growth strategy and geographic expansion across Michigan and surrounding states.
-
December 13, 2021
- Buyer
- Capital Construction, LLC, O2 Investment Partners, LLC
- Target
- Irish Roofing & Exteriors, LLC
- Industry
- Construction
- Location
- Michigan, United States
- Type
- Addon
Capital Construction, a portfolio company of O2 Investment Partners, has partnered with and acquired Irish Roofing & Exteriors, a Grand Rapids-based roofing and exterior restoration company. The add-on expands Capital's Midwest footprint and provides additional organic and inorganic growth opportunities for the platform.
-
- Buyer
- Concrete & Materials Placement (CMP Pumping)
- Target
- Febcon Concrete Pumping
- Industry
- Construction
- Location
- Michigan, United States
- Type
- Buyout
Concrete & Materials Placement (CMP Pumping), a Pineville, North Carolina-based concrete pumping services provider, has acquired Michigan-based Febcon Concrete Pumping. The acquisition expands CMP’s geographic footprint across the Southeast and adds Febcon’s concrete pumps and skilled operators (including operations across Louisiana, Tennessee and the Carolinas) to CMP’s fleet, intended to deepen capabilities and service coverage.
-
August 20, 2021
- Buyer
- SRI Holdings LLC
- Target
- Accurate Insulation
- Seller
- Dave Roeder, Jim Prokes
- Industry
- Construction
- Location
- Michigan, United States
- Type
- Addon
SRI Holdings LLC, a Columbus-based installer of insulation and other building products, has acquired Accurate Insulation, an installer operating in the Detroit, Michigan market. Accurate will continue to operate under its name with owners Jim Prokes and Dave Roeder remaining with the business and will be integrated into SRI's systems as part of SRI's ongoing roll-up of regional contractors.
-
- Buyer
- Kinderhook Industries, LLC, VESTA management (company management/co-founders)
- Target
- VESTA Housing Solutions LLC
- Seller
- Balmoral Funds, L.P.
- Industry
- Construction
- Location
- Michigan, United States
- Type
- Recapitalization
Kinderhook Industries partnered with VESTA management to recapitalize VESTA Housing Solutions, acquiring the company from private equity investor Balmoral Funds. VESTA, headquartered in Southfield, Michigan, operates modular space leasing and modular construction services with an owned fleet of several thousand units and multiple U.S. branch locations to support growth and expansion.
-
August 11, 2020
- Buyer
- Eberhart Capital, LLC
- Target
- M. J. Van Damme Inc.
- Industry
- Construction
- Location
- Michigan, United States
- Type
- Buyout
Scottsdale-based private equity firm Eberhart Capital acquired M. J. Van Damme Inc., a Gwinn, Michigan construction and mine-site services company, in a deal reported at $20-$50 million. The acquisition expands Eberhart Capital's construction and regional capabilities, adding trucking, quarry and land-reclamation expertise and a 130-employee operating base in the Upper Midwest.
-
July 15, 2020
- Buyer
- Groundworks, Cortec Group, Succession Capital Partners
- Target
- Foundation Systems of Michigan
- Seller
- Bob Genord / Foundation Systems of Michigan shareholders
- Industry
- Construction
- Location
- Michigan, United States
- Type
- Addon
Virginia Beach-based Groundworks, a PE-backed national foundation services platform, acquired Foundation Systems of Michigan (FSM) on July 9, 2020. The add-on expands Groundworks' footprint into Michigan and the Midwest, bringing FSM's ~200+ employees and multi-branch operations onto the Groundworks platform backed by investors including Cortec Group and Succession Capital Partners.
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