Construction Acquisitions in Ohio

The Vasco Group, a sports-surfacing platform majority owned by Monogram Capital Partners with support from Halmos Capital Partners, has acquired Schubert Tennis, a Cincinnati-based provider of asphalt and clay tennis, pickleball, and multi-sport court construction, resurfacing, and maintenance. The add-on expands Vasco's clay-court capabilities and Midwest footprint while adding more predictable recurring maintenance revenue and retaining Schubert's owner-operators in place.

Frontline Road Safety, the largest provider of pavement marking services in the United States, has acquired American Roadway Logistics (ARL) from Monroe Street Partners. ARL, a Norton, Ohio-based provider of pavement marking and traffic maintenance services, will continue operating with its existing team while benefiting from Frontline's scale, resources and geographic reach. Financial terms were not disclosed.

Nations Roof LLC, a national commercial roofing contractor, acquired Preferred Roofing Services, LLC, a long‑standing commercial roofing provider in the Greater Cleveland area. The acquisition expands Nations Roof’s Midwest presence and brings Preferred’s regional team and customer relationships onto Nations Roof’s national platform; terms were not disclosed.

Trilantic North America completed a substantial growth investment in Lifetime Quality Roofing, a founder-led residential and commercial roof replacement and exterior restoration platform headquartered in Columbus, Ohio. The investment will fund geographic expansion, diversification of go-to-market channels, expansion of supplemental services (including solar), and strategic M&A; terms were not disclosed.

Los Angeles-based Monogram Capital Partners, together with Miami-based Halmos Capital Partners, acquired a majority equity stake in The Vasco Group (operating as Nidy Sports Construction), a sports-surfaces contractor with market-leading presences in Ohio and Florida. The Vasco management team led by Matt Savage and Glen Maurer will remain in place with meaningful equity and will work with the sponsors to expand geographically and pursue organic growth and strategic acquisitions to consolidate the fragmented sports-surfaces market.

Gridiron Capital, through its GarageCo platform, has partnered with Quality Overhead Door, a family-owned garage door repair and replacement provider based in Toledo, Ohio. The transaction is GarageCo's fifth add-on partnership and expands the platform's footprint in the Midwest while supporting QOD's growth initiatives under new ownership.

Diverzify LLC, a portfolio company of ACON Investments, has acquired Continental Floors, Floor Maintenance Group, and Wright Commercial Floors in a transaction that divested the flooring division from Continental Office. The add-on acquisition expands Diverzify's national commercial flooring and interior services network, strengthening its Columbus presence and providing entry into the Pittsburgh market.

Monroe Street Partners (MSP), a Chicago-based private equity firm, acquired a majority equity stake in American Roadway Logistics (ARL), a Norton, Ohio-based provider of pavement marking and traffic maintenance services. ARL founders Heidi and Jon Claxton made a substantial reinvestment and will continue to lead the business (President and COO); the company employs over 150 people across two locations and MSP intends to support growth and operational improvements.

Heartland Paving Partners, a platform investment of Soundcore Capital Partners, has acquired Klekamp & Company, a Cincinnati-based paving contractor. The deal is an add-on to Heartland's platform to expand its self-performance paving presence in Ohio and the broader Midwest; founder Peter Klekamp is stepping away and long-time leader Scott Tackett will lead Klekamp under Heartland's ownership.

Infinity Home Services (IHS), a Brookfield, Wisconsin-based exterior remodeling platform, has acquired Ken's Parkhill Roofing, a family-owned residential and commercial roofing contractor serving Northeast Ohio for more than 70 years. The deal adds a respected local roofing brand to IHS's portfolio as part of its strategy to build a network of premier roofing companies and expand its Midwest footprint.

Prospect Partners made an investment alongside management into Warren Roofing & Insulating, Cleveland Building Restoration (CBR), and Total Roofing Services to form Extera Building Solutions, an exterior facilities services platform headquartered in Walton Hills, Ohio. Prospect Partners will support the platform’s growth via organic expansion and add-on acquisitions while management (including Trevor Cost and Morgen Cost) continues to lead operations.

Heartland Paving Partners, a platform investment of Soundcore Capital Partners, has acquired Akron-based S&K Asphalt and Concrete, marking Heartland's fourth acquisition since its July 2022 formation. The deal expands Heartland's footprint into Ohio and adds S&K's 35+ years of asphalt and concrete paving, maintenance and repair capabilities to the platform.

CPC, LLC completed the acquisition of Trades Holding Company, a Columbus, Ohio-based franchisee operator of Mr. Rooter and Mr. Electric that also operates Right Restoration water mitigation services. Trades employs ~250 full-time employees across three Ohio markets and will remain led by President Megan McKay as CPC expands the platform's service lines and geographic footprint.

A1 Garage Door Service has acquired Duppy's Door Service, a family-owned garage door repair, maintenance, and installation business serving central Ohio. The deal expands A1's national footprint into the greater Columbus market and will have Duppy's operate as Don's Garage Doors, an affiliate brand of A1.

Strength Capital Partners, a U.S. private investment firm, acquired Kelchner, Inc., a Springboro, Ohio-based excavation and civil construction services provider, from John Wood Group PLC. Strength will partner with CEO Kevin Weckel to pursue organic growth and strategic acquisitions in the Southwest Ohio market; financing for the transaction included First Commonwealth Bank, Northcreek Mezzanine, and Eagle Private Capital.

Priestly Demolition Inc. has completed a majority acquisition of Green City Demolition Inc., combining capabilities to pursue larger and more complex demolition projects across Kentucky and Ohio. The deal expands PDI USA's footprint beyond Virginia and gives Green City access to additional engineering, equipment and resources to compete for bigger bids.

Day & Zimmermann (D&Z) has acquired Ohio-based Davis-Pickering Co. Contractors, including its River Town Electric business, to expand D&Z’s Maintenance and Construction division capabilities across industrial, solar, and commercial sectors. The deal strengthens D&Z’s civil, electrical, structural, and piping construction capabilities and expands its service footprint in the Ohio Valley.

Tecum Capital Management, through its Tecum Equity control strategy, has acquired J&D Home Improvement, Inc. d/b/a The Basement Doctor with strategic support from Centerfield Capital Partners, BPEA, and Crane Group. The investment establishes The Basement Doctor as Tecum's platform to expand regionally and nationally across residential waterproofing, foundation repair, and mold remediation services.

Stellex Capital Management acquired TriplePoint MEP from Caymus Equity Partners on May 31, 2024. TriplePoint is a multi-regional, non-union MEP contractor providing HVACR installation, maintenance, repair, design and consulting across a ten-plus state footprint; Stellus Capital Management provided senior debt financing and an equity co-invest to support the transaction.

AMECO, a site services platform and portfolio company of One Equity Partners, has acquired F&M MAFCO, an international supplier of tools and equipment rental, sales and service programs. The deal expands AMECO's site services capabilities and geographic reach, with F&M MAFCO maintaining a significant operations presence in Cincinnati and its CEO Tim Fries named chief growth officer of the combined organization.

Artera Services acquired the operating assets of 1127 Construction Inc., a family-owned natural gas distribution contractor based in Akron, Ohio. The transaction expands Artera's Miller Pipeline gas distribution operations and service capabilities in northeast Ohio, with the Smith brothers continuing to lead day-to-day operations.

Authority Brands, a Columbia, Maryland-based home-services franchising platform, has acquired Color World Housepainting, a Powell, Ohio-founded painting franchise with 20 franchise locations. The deal expands Authority Brands' portfolio of residential and commercial home-service brands; financial terms were not disclosed and Boxwood Partners acted as financial advisor to Color World.

Congruex, a Crestview Partners-backed telecom engineering and construction platform, has acquired Ohio Valley Excavating (OVE), a regional commercial excavation and underground utility services provider based in Lebanon, Ohio. The add-on strengthens Congruex's underground telecom and utility capabilities in the Midwest and retains OVE's founders and leadership as senior managers; financial terms were not disclosed.

Gridiron Capital made a majority investment in Erie, a direct-to-consumer residential re-roofing and home-improvement company headquartered in Toledo, Ohio, to support continued growth and expansion of its field-office footprint. Erie will remain led by its existing management team and continue operating from Toledo while leveraging Gridiron's sector experience to scale the business across its markets.

SRI Holdings LLC, a consolidator of installation contractors, has acquired Parkfield Insulation to expand its footprint into the Columbus, Ohio market. Parkfield will continue to operate under its name with owner Bill Hatfield remaining on the team while the business is integrated into SRI's systems and employee benefits programs.

Strength Capital Partners, a private investment firm based in Birmingham, Michigan, has made a growth investment in Pinnacle Paving & Sealing, a Milford, Ohio–based provider of commercial and residential parking lot and driveway paving services. Pinnacle founder and CEO Alan Zahumensky will remain in place as Strength partners with the company to support its growth; financing for the transaction included First Merchants Bank and Northcreek Mezzanine.

Leaf Home Solutions has acquired Quillen Brothers, Inc., a veteran-owned window and door replacement company based in Bryan, Ohio, to expand its Leaf Home Enhancements footprint. The deal brings Quillen’s regional residential installation capabilities and customer base into Leaf’s tech-enabled direct-to-consumer platform.

Anser Advisory, a portfolio company of RTC Partners, has acquired H.R. Gray, a Columbus-based owner's representative and construction management firm with ~76 employees. The acquisition expands Anser’s geographic footprint in Ohio and Pennsylvania and adds H.R. Gray’s expertise in water and wastewater project delivery to Anser’s service offering.

Calera Capital has acquired a majority stake in Thayer Power & Communication, a Columbus-area provider of power and telecommunications line construction and maintenance services. The seller was The Anderson Group (Thayer's prior private equity sponsor), and Calera said the investment will support Thayer's organic growth and a targeted acquisition strategy.

Tecta America, the national commercial roofing leader, acquired Akron-based Wooster Roofing & Construction from owner Gary Nusbaum. The business will operate as JB Roofing, a Tecta America Company, and merge with Tecta's existing JB Roofing locations in Tiffin and Worthington to expand regional operations and service capacity.

Groundworks Companies, a portfolio company of Succession Capital Partners, has acquired Ohio Basement Systems. The team of nearly 100 employees will join Groundworks while founder Mike Rusk will join Groundworks' advisory board and the Ohio Basement Systems brand will continue to operate under its name as part of the Groundworks platform.