True North Asphalt (Stonehenge Partners) Acquires Orion Construction Company
September 13, 2022
Stonehenge Partners’ pavement maintenance platform, True North Asphalt, acquired Orion Construction Company as an add‑on to expand its paving maintenance and parking lot services footprint in Michigan. The deal strengthens True North’s service offering across commercial, municipal and residential end markets as the platform continues to pursue further add‑on acquisitions.
- Buyers
- True North Asphalt, Stonehenge Partners
- Targets
- Orion Construction Company
- Platforms
- True North Asphalt
- Industry
- Construction
- Location
- Michigan, United States
- Transaction Type
- Addon
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True North Asphalt (Stonehenge) Acquires Huyser Asphalt Paving & Sealcoating
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Stonehenge Partners’ pavement maintenance platform True North Asphalt has acquired Huyser Asphalt Paving and Sealcoating, a Grand Rapids, Michigan-based asphalt and concrete contractor. The deal expands True North’s footprint across Michigan (including Detroit, Grand Rapids and Lansing) and keeps Huyser’s Founder & President Jason Huyser in place to lead operations in western Michigan.
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Stonehenge Partners Recapitalizes True North Asphalt
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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.
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