Rose Paving Acquires Northern Virginia and Maryland Paving and Concrete (NVM)

Rose Paving Acquires Paving Associates, LLC

January 28, 2025

Construction

Rose Paving, a Chicago-area pavement services provider backed by Tenex Capital Management, has acquired Paving Associates, a pavement maintenance contractor serving the greater New York metropolitan area. The acquisition expands Rose Paving’s Atlantic Coast footprint and brings Paving Associates’ team into Rose’s national service network.

Rose Paving Merges with Atlantic Southern Paving

December 5, 2024

Construction

Rose Paving has merged with Atlantic Southern Paving to create one of the largest self-performing paving companies in the United States, combining complementary geographic footprints and creating a nationwide network. The combined business — supported by existing investors Tenex Capital Management (Rose) and Harbor Beach Capital (ASP) — will operate over 1,000 employees across 34 offices to expand scale and service capabilities.

Tenex Capital Management Invests in Rose Paving

November 7, 2022

Construction

Tenex Capital Management has made an investment in Rose Paving LLC, a Bridgeview, Illinois-based national provider of parking lot maintenance and rehabilitation services. The investment is intended to accelerate Rose's growth — both organically and via acquisitions — by providing capital and operational support.

Pavement Partners Acquires Dominion Paving & Sealing

August 16, 2021

Construction

Pavement Partners Holding, LLC, a pavement services platform formed via Shoreline Equity Partners' recapitalization of Finley Asphalt & Concrete, has acquired Dominion Paving & Sealing, a Purcellville, Virginia-based asphalt and concrete services provider. The deal is Pavement Partners' first add-on following the platform formation and is intended to expand the platform's market share and service footprint across the Washington D.C. metro and surrounding Mid-Atlantic markets.

Pave America Acquires Central States Paving & Concrete

October 2, 2023

Construction

Pave America, a national asphalt and concrete maintenance platform, acquired Central States Paving & Concrete (CSPC) in a transaction that closed in September 2023. The deal expands Pave America's Midwest footprint—adding CSPC locations in Wisconsin, Indiana and Kansas—and Grove Mountain Partners (the seller) retains a significant equity stake in the combined platform.

Pavement Partners and Brothers National Merge to Form Pave America

February 27, 2023

Construction

Pavement Partners Holding, LLC and Brothers National, LLC have merged to form Pave America, a nationwide pavement services platform. The combined company will be primarily controlled by Shoreline Equity Partners and Trivest Partners, with Lincoln Road Global Management retaining a minority stake and board representation; Tom York will serve as CEO and Paul Garner as President.