Turning Rock Partners and IFM Support SMC Infrastructure Partners' Recapitalization of General Asphalt

Turning Rock Partners Invests $20M in United Infrastructure Holdings and Carolina Marine Structures

June 15, 2022

Infrastructure

Turning Rock Partners completed a $20 million structured capital investment to refinance United Infrastructure Holdings (UIH) and its marine services platform, Carolina Marine Structures (CMS). The financing supports CMS's growth, regional expansion and enables UIH to pursue an aggressive acquisition program.

Turning Rock Partners Provides $60M Growth Financing to Main Street Auto

July 28, 2025

Automotive

Turning Rock Partners closed a $60 million growth financing to Main Street Auto, a founder-led automotive aftermarket services platform headquartered in Atlanta, Georgia. The capital will support Main Street Auto’s buy-and-build strategy to expand its footprint across the southern United States and accelerate acquisitions and operational scaling.

Turning Rock Partners Exits Next Level Aviation via Management-Led Recapitalization

January 2, 2025

Aerospace & Defense

Turning Rock Partners announced the majority redemption of its preferred equity investment in Next Level Aviation, marking a sponsor exit after its 2019 investment. The transaction was consummated through a management-led recapitalization (supported by a bank partner); Next Level Aviation, headquartered in Sunrise, Florida, employs ~35 people across the U.S. and Ireland and is a global supplier of used serviceable aircraft parts.

Construction Partners, Inc. Acquires King Asphalt, Inc.

October 4, 2021

Construction

Construction Partners, Inc. (NASDAQ: ROAD) acquired King Asphalt, Inc., a Liberty, South Carolina-based hot-mix asphalt and paving company with three plants in the Greenville area. The acquisition gives Construction Partners a South Carolina platform to support future geographic expansion and participation in public, commercial and residential paving projects.

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.

Pavement Partners Acquires Turner Asphalt and Chamberlain Contractors

January 18, 2022

Construction

Pavement Partners Holding, LLC has acquired Turner Asphalt (Raleigh, NC) and Chamberlain Contractors (Laurel, MD), expanding its pavement repair and maintenance platform across the Southeast and Mid-Atlantic. The transactions strengthen Pavement Partners' regional footprint and service capabilities as a Shoreline-backed platform pursuing roll-up growth.