Construction Acquisitions in New Jersey

Kiely Family of Companies (KIELY) has acquired Sodon Electric, a Long Branch, New Jersey-based electrical contractor serving Monmouth and Ocean Counties. The acquisition is the second electrical company added to KIELY’s electrical services platform since 2024 and expands the firm’s diversified energy and electrical service capabilities.

An unnamed private investor has acquired American Coring & Supply, Inc., a Toms River, New Jersey-based provider of concrete coring, cutting, and selective excavation services. Generational Group served as the M&A advisor to the seller; the transaction closed on October 14, 2025.

O2 Investment Partners, through its pool-care platform Azureon, has made an investment in and partnered with Henry Bona Pools & Spas, a full-service pool maintenance and construction company based in Kenvil, New Jersey. Terms were not disclosed; Bona Pools will retain significant ownership and will join Azureon's expanding Northeast platform as its tenth add-on.

HITT Contracting has acquired Central Consulting & Contracting, a New York metropolitan-area healthcare construction firm, strengthening HITT’s presence in the tri-state healthcare market. Central’s founder Richard Simone and his team have joined HITT’s New York office to integrate the firm’s healthcare construction expertise and client relationships into HITT’s national platform.

Heartland Paving Partners, a platform company backed by Soundcore Capital Partners, has acquired Garden State Pavement Solutions, a full-service asphalt and concrete pavement provider serving New Jersey and parts of eastern Pennsylvania. The deal expands Heartland's geographic footprint into New Jersey and will keep Garden State leadership in place while integrating the company into Heartland's buy-and-build strategy.

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.

Core Roofing Systems, a Shoreline Equity Partners‑backed commercial roofing platform, has partnered with Peck Brothers, LLC (PB Roofing) in an add-on transaction that expands Core's footprint into the Northeast and Mid‑Atlantic. PB Roofing's management reinvested a meaningful portion of proceeds and will continue to run the business as a regional sub‑platform within Core.

Groundworks, the national foundation and water management solutions platform, has acquired Select Basement Waterproofing and will rebrand the business as Groundworks to expand into New Jersey. The acquisition brings Groundworks immediate coverage across multiple New Jersey counties and adds residential services including basement waterproofing, foundation repair, crawl space encapsulation and mold remediation to its network.

Tecta America Corporation has acquired Pieros Construction Co. (operating as Pieros Roofing), a Somerville, New Jersey-based commercial roofing contractor. Pieros will continue operating under its leadership as Pieros Roofing, a Tecta America Company, and the deal expands Tecta’s presence and service capabilities in Central and Northern New Jersey.

Dallas-based MPK Equity Partners made a strategic growth investment in PatchMaster, a Chester, New Jersey-based franchisor of drywall and plaster repair services. The capital will support PatchMaster’s nationwide expansion of its franchise system; existing shareholders led by Michael Abdy will retain a meaningful ownership stake and PatchMaster’s CEO Paul Ferrara will join the board alongside MPK.

Sterling Construction Company, Inc. acquired Petillo Incorporated, a Northeast specialty site development firm, for $195 million in aggregate consideration (comprised of $175M cash and 759,447 shares valued at $20M) with up to $20M in earn-outs and $15M in retention payments for the CEO. The deal expands Sterling's E‑infrastructure capabilities and geographic footprint across major East Coast markets, positioning the company as a leader in specialty site development for blue‑chip e‑commerce and data center customers.

Affiliates of CriticalPoint Capital have closed the acquisition of AECOM's Power Construction division and launched the business as an independent company, United E&C, Inc. CriticalPoint said it will partner with United's management to build a stand-alone infrastructure engineering and construction platform serving power generation, transmission & distribution, and renewable markets.

Arcline Investment Management, a growth-oriented private equity firm, has acquired Jersey Elevator, an independent provider of elevator maintenance, modernization and installation services based in Aberdeen, New Jersey. Arcline said it will support the company's expansion through investments in technology and additional acquisitions while partnering with management to drive growth.

AVALT acquired Ned Stevens, a leading provider of residential gutter cleaning and exterior home services, from Pittsburgh-based private equity firm Incline Equity Partners. The transaction continues Ned Stevens' expansion across multiple states and transitions ownership following Incline's 2016 investment.

Anser Advisory has acquired Cambridge Construction Management, a program and construction management services firm based in Clinton, New Jersey. The acquisition expands Anser's Northeast presence (New Jersey, Pennsylvania and New York) and deepens its higher education and K-12 expertise; Anser operates as a portfolio company of RTC Partners, which advised on the transaction.