Pavement Partners and Brothers National Merge to Form Pave America

Lincoln Road and Trivest Partner with Brothers Paving to Combine with Landmark Paving

July 20, 2021

Construction

Lincoln Road Global Management and Trivest Partners have partnered with Brothers Paving & Concrete to combine Brothers with Trivest’s existing investment in Landmark Paving, creating a consolidated holding company that will operate under the Brothers Paving name. Financial terms were not disclosed; the combined business will pursue organic growth and strategic add-on acquisitions to expand its geographic footprint across the Southeast and Mid-Atlantic.

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).

AEA Investors and BCI Acquire Pave America from Trivest and Shoreline

September 30, 2025

Construction

AEA Investors' Middle Market Private Equity team and British Columbia Investment Management Corporation (BCI) have acquired Pave America, a leading U.S. commercial paving maintenance services provider, from Trivest Partners and Shoreline Equity Partners. Trivest and Shoreline will retain minority stakes alongside management, and AEA/BCI said they will support accelerated growth both organically and via strategic acquisitions; terms were not disclosed.

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.

Trivest Partners and Lincoln Road Form Landmark Paving Platform

March 23, 2021

Construction

Trivest Partners (via its Discovery Fund) and Lincoln Road Global Management have completed an investment to form Landmark Paving, a new pavement maintenance platform headquartered in Oviedo, Florida. Landmark Paving was created through the acquisition of DH Striping and Lynne Services and will focus on organic growth and strategic add-on acquisitions across the U.S., serving retail, REITs, property managers and site developers.

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.