Pave America Acquires Central States Paving & Concrete

Pave America Acquires Kansas Asphalt

October 10, 2023

Construction

Pave America has partnered with and added Kansas Asphalt, a Bucyrus, Kansas–headquartered asphalt and concrete paving and maintenance provider, to its platform as an add-on to expand its national footprint. The transaction brings Kansas Asphalt’s self-performing locations and subcontractor network into Pave America’s platform, which is backed by private equity sponsors including Shoreline Equity Partners (and referenced Trivest Partners in the announcement).

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.

Heartland Paving Partners Acquires Professional Paving and Concrete

July 10, 2024

Construction

Heartland Paving Partners, a platform investment of Soundcore Capital Partners, has acquired Professional Paving and Concrete, a Chicagoland paving contractor founded in 1982. The deal marks Heartland's sixth acquisition and expands the platform's footprint into the Chicagoland market; Professional Paving will continue to operate under founder Alex Demos.

Heartland Paving Partners Acquires Garden State Pavement Solutions

January 13, 2025

Construction

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.

Soundcore Capital Partners (via ACI Holdings) Acquires ACS Asphalt Concrete Solutions

March 24, 2023

Industrial Services

Soundcore Capital Partners, through its ACI Holdings Group platform, acquired ACS Asphalt Concrete Solutions and combined it with previously acquired ACI Asphalt & Concrete to create a larger commercial paving platform in the Minneapolis / Upper Midwest market. O2 Sponsor Finance (a division of Old Second National Bank) acted as administrative agent and lead arranger on more than $44 million of senior secured financing to support Soundcore’s acquisitions; Old National Bank and Northstar Capital provided additional financing and subordinated debt. Terms were not disclosed.

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.