Construction Acquisitions in Mississippi

Core Roofing Systems, a Shoreline Equity Partners-backed commercial roofing platform, completed the acquisition of Norman Enterprises, Inc. (doing business as Norman Roofing), integrating the Meridian, Mississippi-based commercial roofing business into Core's platform. The deal expands Core's footprint into the Gulf Coast (Mississippi, Alabama, Louisiana); Norman's owner and CEO, Tyler Norman, reinvested a material portion of proceeds and will continue to lead the regional business.

Ridgeline Roofing & Restoration, a portfolio company of Bertram Capital, has acquired Pro Shield, a residential and commercial roofing services company based in Madison, Mississippi. The add-on expands Ridgeline's Southeast footprint and will provide Pro Shield with enhanced operational, technology, and marketing support; terms were not disclosed.

Huron Capital’s commercial roofing platform Rampart Exterior Services completed its inaugural add-on acquisition with the purchase of Independent Roofing Systems, a central Mississippi commercial roofing contractor. The deal was supported with financing and an equity co-investment led by Monroe Capital; Independent’s existing leadership will remain in place as Rampart integrates the company into its buy-and-build strategy.

Granite Construction Incorporated completed the acquisition of Dickerson & Bowen, Inc., adding three sand and gravel pits and four asphalt plants to its Southeast materials footprint. The bolt-on expands Granite's presence in central and southern Mississippi and builds on its recent Southeast materials platform.

Sterling Construction Company, Inc. has acquired Kimes & Stone, a soil stabilization and site development services provider, in an all-cash transaction for $7.6 million (approximately 3–4x EBITDA). The acquisition includes Kimes’ equipment fleet, working capital and management team, and is intended to vertically integrate Sterling’s specialty infrastructure services and expand capacity and geographic footprint across the U.S. Southeast.

Atlantic Southern Paving & Sealcoating, a PE-backed national commercial pavement maintenance platform, has acquired Murphree Paving of Tupelo, Mississippi as its second add-on. The acquisition, executed under Atlantic Southern's partnership with Harbor Beach Capital (and Aldine Capital Partners per one announcement), expands Atlantic Southern’s geographic footprint across the southeastern United States and strengthens its commercial pavement maintenance capabilities.