PAX Services Group Acquires Culbertson Company of Virginia

Verdantas Acquires Pax Environmental, Inc.

August 12, 2026

Environmental Services

Verdantas, a digitally enabled technical consulting firm focused on the environment, water, and energy transition markets, announced it has acquired Pax Environmental, Inc. Pax is a California-based environmental consulting firm with nearly 75 staff specializing in permitting and regulatory compliance, ecological restoration, and cultural and natural resource services. The acquisition expands Verdantas’ footprint in California and strengthens its integrated environmental and regulatory expertise for complex infrastructure and power utility projects.

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.

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.

PAX Services Group Acquires Consolidated Coatings

September 24, 2024

Industrial Services

PAX Services Group acquired Baltimore-based Consolidated Coatings, expanding PAX’s building-envelopes restoration capabilities in the Baltimore/DC region. Consolidated Coatings’ management team will remain with the business, and terms were not disclosed.

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.