Cardinal Infrastructure Group acquires Allied Paving Contractors

Cardinal Infrastructure Group Acquires Piedmont Pipe Construction

June 4, 2026

Industrial Services

Cardinal Infrastructure Group announced the acquisition of Piedmont Pipe Construction, a wet utilities provider serving North and South Carolina. Piedmont will operate under the Cardinal Civil Contracting brand as the deal expands Cardinal’s wet utility capabilities in the high-growth Charlotte market.

Granite Acquires Warren Paving and Papich Construction

August 6, 2025

Construction

Granite Construction (NYSE: GVA) completed acquisitions of Warren Paving and Papich Construction for a combined purchase price of $710 million, adding approximately $425 million of annual revenue and materially increasing its aggregates reserves and production. The deals expand Granite's vertically-integrated home markets—adding a major barge-enabled aggregates network in the Southeast and quarry/roadbuilding capabilities on California's Central Coast—and are expected to be accretive to adjusted EBITDA.

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.

Rose Paving Merges with Atlantic Southern Paving

December 5, 2024

Construction

Rose Paving has merged with Atlantic Southern Paving to create one of the largest self-performing paving companies in the United States, combining complementary geographic footprints and creating a nationwide network. The combined business — supported by existing investors Tenex Capital Management (Rose) and Harbor Beach Capital (ASP) — will operate over 1,000 employees across 34 offices to expand scale and service capabilities.

Atlantic Southern Paving Acquires Property Paving, Inc.

February 27, 2023

Construction

Atlantic Southern Paving and Sealcoating, a national commercial paving company partnered with Harbor Beach Capital, acquired Property Paving, Inc., a full-service concrete and asphalt contractor serving the Dallas–Fort Worth market. The acquisition expands Atlantic Southern's presence in the DFW Metroplex and connects the company's self-performing operations across the Sunbelt as part of its platform growth strategy.

Pavement Partners Holding Acquires Cincinnati Asphalt

September 2, 2022

Industrial Services

Pavement Partners Holding, LLC (“Pavement Partners”) acquired Cincinnati Asphalt, a provider of asphalt and concrete solutions serving the Greater Cincinnati region and surrounding markets. The acquisition closed on August 24, 2022 and is intended to expand Pavement Partners’ footprint while supporting growth of Cincinnati Asphalt’s operations.