Construction Acquisitions in Pennsylvania

O'Hara's Son Roofing (an Angeles Equity Partners portfolio company) acquired CP Rankin, a Chalfont, Pennsylvania-based commercial roofing services provider. The add-on expands OSR's presence across the Eastern U.S., complementing its service offering with CP Rankin's seven-location footprint and customer relationships.

Thompson Safety, a Houston-based provider of fire protection and workplace safety services, has acquired Pennsylvania-based Metropolitan Fire Protection to expand its fire sprinkler and standpipe capabilities in the Philadelphia market. The deal strengthens Thompson's ability to serve commercial and industrial multi-site customers in Pennsylvania and creates cross-sell opportunities across its safety and first-aid service lines.

Heartland Paving Partners, a Soundcore Capital Partners platform, has acquired Macadam Company, a Pennsylvania-based pavement solutions provider with nearly 40 years of experience serving the Mid-Atlantic. Macadam will operate as a Heartland Paving Partner under its existing leadership, providing expanded regional coverage, operational support, and cross-market opportunities for the Heartland platform.

Valor Exterior Partners, a Cincinnati-based platform backed by Osceola Capital, has acquired Doing It Right Roofing & Siding, a Pittsburgh-area provider of roofing, siding and exterior home services. The deal expands Valor's presence in Pennsylvania and coincides with the launch of a new de novo location in Cincinnati as the platform continues its buy-and-build strategy.

Bridgeview-based Rose Paving has acquired Unitex Asphalt Services, a commercial asphalt and exterior construction contractor headquartered in Downingtown, Pennsylvania. The deal expands Rose Paving's footprint into the Philadelphia Tri-State market and follows Rose Paving's recent merger with Atlantic Southern Paving, supporting the company's broader nationwide growth initiative.

Saw Mill Capital has partnered with Pro Max Fence Systems, a Reading, Pennsylvania-based commercial fencing contractor, in a transaction that makes Pro Max the third investment from Saw Mill Capital Partners III. Financial terms were not disclosed; Saw Mill said it will support Pro Max's growth through strategic acquisitions, sales and marketing, and expanded capabilities.

Escajeda Masonry & Concrete, part of Escajeda Holdings, has acquired New Castle, Pennsylvania-based Alex Restoration & Masonry Repairs. The acquisition expands Escajeda's footprint in the tri-state area, adds historic restoration and preservation expertise, and will keep Alex Restoration operating under its name from its New Castle and Erie offices.

Tecum Equity Alpha Management ("TEAM") has acquired Matthews Wall Anchor and Waterproofing, which will join TEAM's Dry Acquisition LLC (dba The Basement Doctor) platform alongside Basement Doctor and NASH Distribution. The add-on expands the platform's basement waterproofing, foundation repair, crawl space encapsulation and remediation capabilities and preserves continuity of ownership with existing Matthews leadership engaged in the transition.

Pullman SST, Inc., a Structural Group Company, has acquired Structural Maintenance Systems, Inc. (SMS) to expand Pullman's masonry and concrete repair capabilities and geographic presence in the Philadelphia and Northeast U.S. region. SMS, founded in 1978 and based in the Philadelphia area, will be integrated into Pullman's operations to broaden service capacity and better serve regional clients.

Topcon Solutions Store (TSS), the North American retail division of Topcon Positioning Systems, has acquired Boyd Instrument and Supply of Horsham, Pennsylvania. The dealer will join TSS’s growing North American retail network to expand customer access to Topcon products, technical support and training.

Tecta America Corporation, the national leader in commercial roofing, has acquired Tuscano-Maher Roofing (TMR), a Saltsburg, Pennsylvania-based commercial roofing and sheetmetal contractor. TMR will operate as "Tuscano-Maher Roofing, a Tecta America Company, LLC," with existing leadership (Mike Maher, Marty Nalevanko, Joe Slapinski) remaining in their current roles to support continued service to local municipalities, property owners and managers.

Anser Advisory, a portfolio company of Sterling Investment Partners, has merged with LaFata Contract Services (LCS), a King of Prussia, Pennsylvania-based utility project and construction management firm. As part of the transaction IMB Partners exited its investment in LCS; the combination creates a national utility services platform of roughly 1,100 employees and strengthens Anser's capabilities and geographic presence for grid modernization and clean-energy projects.

Capital Telecom Services (CTS), a full-service telecom infrastructure and construction company based in Ashburn, Virginia, has acquired ElectraComm Services, Inc., an electrical services firm headquartered in Chambersburg, Pennsylvania. ElectraComm will be rebranded as the Power Systems Division of CTS, expanding CTS's capabilities into EV station solutions, smart power technologies, solar and other alternative energy services.

MasTec, Inc. (NYSE: MTZ) agreed to acquire Henkels & McCoy Group Inc., a leading U.S. utility power transmission and distribution contractor, for total consideration of $600 million (approximately $420 million cash plus ~2 million shares of MasTec common stock). The acquisition, which adds roughly 5,100 employees and $1.5 billion of 2021 revenue, expands MasTec's footprint and capabilities in the electric utility services market to support grid modernization and renewable energy buildout.

Virginia Beach-based Groundworks, a Cortec Group-backed national foundation and water management platform, acquired Philadelphia-based BQ Basements & Concrete. The add-on expands Groundworks' Northeast footprint (greater Philadelphia, New Jersey and Northern Delaware) and brings BQ's team, local brand and basement/foundation services under Groundworks' national platform; terms were not disclosed.

Groundworks, a Virginia Beach-based foundation services platform backed by Cortec Group, acquired I'm The Guy Basements (ITG), a Northumberland, Pennsylvania-based basement waterproofing and foundation repair company. ITG will be integrated with Groundworks' Baker's Waterproofing brand to expand Groundworks' footprint in Pennsylvania; ITG has more than 65 employees and the deal represents Groundworks' twentieth acquisition since 2016.

Titan Home Improvement, a Coral Gables, Florida-based home improvement platform, has acquired Home Smart Industries, a Pennsylvania-based specialty bath and shower remodeling company. The add-on deal (consummated June 30) expands Titan's footprint in the U.S. Northeast and marks the firm's fifth acquisition since 2019.

Virginia Beach-based Groundworks, a Cortec Group-backed national foundation services platform, acquired Baker's Waterproofing of Pittsburgh, Pennsylvania on May 14, 2021. The add-on expands Groundworks' footprint into Pennsylvania and West Virginia and brings Baker's team of over 85 employees and its residential basement waterproofing, foundation repair and concrete lifting capabilities onto the Groundworks platform.

New Enterprise Stone & Lime Co., Inc. (NESL) has acquired all outstanding stock of Hempt Bros., Inc., adding three aggregate plants, four hot mix asphalt plants, two ready-mix concrete plants and a paving/heavy-highway construction business in the Harrisburg, Pennsylvania area. The acquisition expands NESL's construction materials footprint into the Harrisburg market and is expected to be accretive to profits while completed with virtually no additional long-term debt.

Day & Zimmermann, the family-owned construction and engineering firm, has acquired Pittsburgh-based Minnotte Contracting Corporation to expand its union mechanical contracting, maintenance and project management capabilities across the Ohio Valley. The acquisition strengthens D&Z’s capacity to serve power, industrial and natural gas/petrochemical customers and addresses scarcity of skilled union labor in those markets.

Advanced Pavement Group Corp., a Dubin Clark portfolio company, has acquired Dan Malloy Paving Inc., a Downingtown, Pennsylvania paving contractor. The acquisition expands Advanced Pavement Group's footprint across the Northeast and Mid‑Atlantic as an add‑on to its regional branch network.

Able Equipment Rental has purchased the aerial equipment assets and service operations of Mobile Lifts of Norristown, Pennsylvania. Mobile Lifts will operate as Able's newest branch (its fifth), with most staff retained and operations positioned to serve the King of Prussia and greater Philadelphia region.