Stonehenge Partners Recapitalizes True North Asphalt
January 8, 2022
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.
- Buyers
- Stonehenge Partners
- Targets
- True North Asphalt
- Sellers
- Existing shareholders (including President Nick Whitehurst)
- Industry
- Construction
- Location
- Michigan, United States
- Transaction Type
- Recapitalization
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