Pavement Partners Holding Acquires Cincinnati Asphalt

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).

Soundcore Capital Partners' ACI Holdings Acquires Asphalt Solutions (Indianapolis)

August 24, 2023

Construction

Soundcore Capital Partners, through its commercial paving platform ACI Holdings Group, acquired Asphalt Solutions, Inc., a provider of asphalt and concrete maintenance and repair services based in Indianapolis. The deal is the third add-on to Soundcore's ACI platform and is intended to expand ACI's commercial paving footprint in the Midwest and accelerate organic and acquisitive growth.

Construction Partners Acquires Southern Asphalt, Inc.

March 7, 2022

Construction

Construction Partners, Inc. (NASDAQ: ROAD) has acquired Southern Asphalt, Inc., an asphalt paving contractor based in Burgaw, North Carolina, expanding the company's footprint into the Wilmington, NC metro area. The acquisition adds a local paving team and capabilities to Construction Partners' civil infrastructure platform in the southeastern United States.

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.

Pavement Partners Acquires Dominion Paving & Sealing

August 16, 2021

Construction

Pavement Partners Holding, LLC, a pavement services platform formed via Shoreline Equity Partners' recapitalization of Finley Asphalt & Concrete, has acquired Dominion Paving & Sealing, a Purcellville, Virginia-based asphalt and concrete services provider. The deal is Pavement Partners' first add-on following the platform formation and is intended to expand the platform's market share and service footprint across the Washington D.C. metro and surrounding Mid-Atlantic markets.

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.