Soundcore Capital Partners (via ACI Holdings) Acquires ACS Asphalt Concrete Solutions
March 24, 2023
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.
- Buyers
- Soundcore Capital Partners, ACI Holdings Group
- Targets
- ACS Asphalt Concrete Solutions, ACI Asphalt & Concrete
- Sellers
- Jeff Taylor (co-owner of ACS)
- Platforms
- ACI Holdings Group
- Industry
- Industrial Services
- Location
- Minnesota, United States
- Transaction Type
- Addon
Explore More
Related Acquisitions
-
Soundcore Capital Acquires ACI Asphalt & Concrete; Northstar Capital Provides Financing
August 3, 2022
Construction
Soundcore Capital Partners formed a commercial paving platform and acquired ACI Asphalt & Concrete, Inc., a Minneapolis-area asphalt and concrete contractor. Northstar Capital provided flexible capital to help finance the transaction (with reported co-investor participation from Mars Equity Partners).
-
Soundcore Capital Partners' ACI Holdings Acquires Asphalt Solutions (Indianapolis)
August 24, 2023
Construction
Soundcore Capital Partners, through its commercial paving platform ACI Holdings Group, acquired Asphalt Solutions, Inc., a provider of asphalt and concrete maintenance and repair services based in Indianapolis. The deal is the third add-on to Soundcore's ACI platform and is intended to expand ACI's commercial paving footprint in the Midwest and accelerate organic and acquisitive growth.
-
Brookfield Sponsor Solutions and Soundcore Capital Partner with Heartland Paving Partners
April 4, 2024
Construction
Brookfield Asset Management, through its Brookfield Sponsor Solutions strategy, has entered a strategic partnership with Soundcore Capital Partners to provide growth/secondary capital to Soundcore's commercial paving platform, Heartland Paving Partners. The investment will accelerate Heartland's buy-and-build expansion and further consolidation across the Upper Midwest; financial terms were not disclosed.
-
Heartland Paving Partners Acquires S&K Asphalt and Concrete
April 9, 2024
Construction
Heartland Paving Partners, a platform investment of Soundcore Capital Partners, has acquired Akron-based S&K Asphalt and Concrete, marking Heartland's fourth acquisition since its July 2022 formation. The deal expands Heartland's footprint into Ohio and adds S&K's 35+ years of asphalt and concrete paving, maintenance and repair capabilities to the platform.
-
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.
-
Lake Street Capital Partners Recapitalizes Concrete Science Holdings; Concrete Science Acquires MD Concrete
August 28, 2024
Construction
Lake Street Capital Partners completed a majority recapitalization and partnership with Concrete Science Holdings, a Minneapolis-based concrete installation and coatings services platform. Concurrently, Concrete Science completed an add-on acquisition of MD Concrete to expand its geographic reach and service capabilities.
Track M&A activity that matters to you
Get real-time deal alerts, build buyer lists with AI, and access our full acquisition database. Start your free trial today.