PAX Services Group Acquires Culbertson Company of Virginia

PAX Services Group Acquires Consolidated Coatings

September 24, 2024

Construction

PAX Services Group, a New State Capital Partners-backed exterior services platform, has acquired Baltimore-based Consolidated Coatings, Inc. The deal expands PAX’s building-envelope capabilities—adding masonry, concrete and specialty coatings services—and deepens its presence in the Baltimore/DC Mid-Atlantic region; Consolidated Coatings’ management will remain in place.

PAX Services Group (New State Capital-backed) Acquires Cram Roofing

February 1, 2024

Construction

PAX Services Group, a New State Capital Partners-backed exterior services platform, has acquired San Antonio-based Cram Roofing. The deal expands PAX's footprint in Texas and broadens its institutional roofing and exterior services capabilities; senior management of Cram will remain with the company. Terms were not disclosed.

New State Capital Partners Acquires Majority Stake in Patuxent Roofing & Contracting

April 26, 2022

Construction

New State Capital Partners acquired a majority stake in Patuxent Roofing & Contracting, a Laurel, Maryland-based provider of re-roofing, waterproofing, and related building envelope services to institutional and commercial customers. Patuxent CEO and current owner Mike Gowl will remain with the company and retain a significant equity stake; New State said it will support growth through organic initiatives and targeted acquisitions to expand geography and complementary services.

PAX Services Group Acquires Hi-Tech Roofing & Sheet Metal

March 27, 2025

Construction

PAX Services Group, a portfolio company of New State Capital Partners, has acquired South Florida–based Hi-Tech Roofing & Sheet Metal. The acquisition expands PAX's presence in Florida and adds Hi-Tech's commercial, industrial, and institutional roofing and sheet metal capabilities to PAX's building envelope platform; Hi-Tech's management, including owner Mike Daley, will remain with the business.

Pavion Corp. Acquires Signet

June 19, 2024

Electrical Services

Pavion Corp., a PE-backed provider of fire, safety, security and critical communications integration, has acquired Norwell, Massachusetts–based Signet, a 50-year systems integrator serving healthcare, transportation and government customers. The add-on expands Pavion's New England footprint and enhances its healthcare critical communications, security and audiovisual capabilities.

PULLMAN Acquires National Restoration Systems (NRS)

February 28, 2025

Construction

PULLMAN, a Structural Group, Inc. company, has acquired National Restoration Systems, Inc. (NRS), a Chicago-area concrete and masonry restoration contractor. The deal, completed February 28, 2025, expands PULLMAN’s capabilities and establishes a presence in the Chicago market.