Pavement Partners Acquires Turner Asphalt and Chamberlain Contractors

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.

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.

Construction Partners Acquires Southern Asphalt, Inc.

March 7, 2022

Construction

Construction Partners, Inc. (NASDAQ: ROAD) has acquired Southern Asphalt, Inc., an asphalt paving contractor based in Burgaw, North Carolina, expanding the company's footprint into the Wilmington, NC metro area. The acquisition adds a local paving team and capabilities to Construction Partners' civil infrastructure platform in the southeastern United States.

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.

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.

Atlantic Southern Paving & Sealcoating Acquires Superior Blacktop Services, Pavement Exchange Group and C&T Paving

April 25, 2022

Construction

Atlantic Southern Paving & Sealcoating, a PE-backed commercial paving platform, has acquired three Carolina-based paving businesses: Superior Blacktop Services (Summerville, SC), Pavement Exchange Group (Charlotte, NC), and C&T Paving (Asheville, NC). The add-ons, announced April 25, 2022, broaden Atlantic Southern’s service footprint in the Carolinas and are part of a roll-up strategy backed by Harbor Beach Capital and Aldine Capital Partners; leadership of the acquired companies will remain in place.