Huron Capital Recapitalizes Sunland Asphalt & Construction

Huron Capital's Sunland Asphalt Acquires ACE Asphalt

March 8, 2021

Construction

Huron Capital Partners acquired ACE Asphalt of Arizona and will merge it into its infrastructure services platform, Sunland Asphalt & Construction. The deal expands Sunland's geographic footprint into Texas and Oklahoma and broadens service capabilities (e.g., slurry sealing and chip sealing) while keeping Ace's President Scott Phillips as leader of the Western Division and Sunland CEO Doug DeClusin leading integration.

Huron Capital-backed Sunland Asphalt Acquires Georgia Paving

July 30, 2024

Construction

Huron Capital’s portfolio company Sunland Asphalt has acquired Georgia Paving, LLC, a metro-Atlanta asphalt maintenance and paving company founded in 1996. The add-on expands Sunland’s platform footprint into the Southeast, strengthening its service offering in asphalt paving, sealcoating, striping and concrete work.

Sunland Asphalt (Huron Capital) Acquires Metro Pavers, Inc.

December 3, 2024

Construction

Huron Capital's portfolio company Sunland Asphalt has acquired Metro Pavers, Inc., a Denver-area asphalt maintenance and paving contractor founded in 1975. The add-on expands Sunland's presence in Colorado and strengthens its service capabilities across public and private end markets; Honigman LLP and Moss Adams LLP served as legal and financial diligence advisors, respectively.

Stonehenge Partners Recapitalizes True North Asphalt

January 8, 2022

Construction

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.

Shoreline Equity Partners Forms Pavement Partners and Recapitalizes Finley Asphalt & Concrete

June 30, 2021

Construction

Shoreline Equity Partners formed Pavement Partners Holding, LLC and recapitalized Finley Asphalt & Concrete to create a platform for acquiring pavement repair and maintenance providers across the U.S. Finley’s founders (Erick and Lewis Finley) remain in leadership and co-investors including Harvey & Company joined the transaction; senior debt was provided by M&T Bank and South State Bank.

Bain Capital Ventures and Insight Venture Partners Recapitalize SolarWinds.net

September 1, 2023

Software

Bain Capital Ventures and Insight Venture Partners completed a recapitalization of SolarWinds.net, a privately held network management and systems software developer headquartered in Tulsa, Oklahoma. The equity transaction gave Bain and Insight a majority stake while preserving management and granting equity to key personnel to support continued growth and product expansion.