Arcapita Acquires Majority Stake in C&K Paving

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).

Strength Capital Partners Invests in Pinnacle Paving & Sealing

June 21, 2021

Construction

Strength Capital Partners, a private investment firm based in Birmingham, Michigan, has made a growth investment in Pinnacle Paving & Sealing, a Milford, Ohio–based provider of commercial and residential parking lot and driveway paving services. Pinnacle founder and CEO Alan Zahumensky will remain in place as Strength partners with the company to support its growth; financing for the transaction included First Merchants Bank and Northcreek Mezzanine.

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.

Vance Brothers (Pavement Preservation Group) Acquires Circle C Paving

October 6, 2025

Construction

Vance Brothers, a division of Pavement Preservation Group (PPG) — a portfolio company of The Sterling Group — has completed the acquisition of Circle C Paving and Construction, LLC and Circle C Transport, LLC (collectively "Circle C"). Headquartered in Goddard, Kansas, Circle C is a regional provider of pavement preservation (primarily chip and scrub sealing) serving public, commercial and residential customers in Kansas and northern Oklahoma; the business will be integrated into Vance/PPG to expand the platform’s regional presence and capabilities.

Pave America Acquires Central States Paving & Concrete

October 2, 2023

Construction

Pave America, a national asphalt and concrete maintenance platform, acquired Central States Paving & Concrete (CSPC) in a transaction that closed in September 2023. The deal expands Pave America's Midwest footprint—adding CSPC locations in Wisconsin, Indiana and Kansas—and Grove Mountain Partners (the seller) retains a significant equity stake in the combined platform.

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.