Soundcore Capital Partners (via ACI Holdings) Acquires ACS Asphalt Concrete Solutions
March 24, 2023
Soundcore Capital Partners, through its ACI Holdings Group platform, acquired ACS Asphalt Concrete Solutions and combined it with previously acquired ACI Asphalt & Concrete to create a larger commercial paving platform in the Minneapolis / Upper Midwest market. O2 Sponsor Finance (a division of Old Second National Bank) acted as administrative agent and lead arranger on more than $44 million of senior secured financing to support Soundcore’s acquisitions; Old National Bank and Northstar Capital provided additional financing and subordinated debt. Terms were not disclosed.
- Buyers
- Soundcore Capital Partners, ACI Holdings Group
- Targets
- ACS Asphalt Concrete Solutions, ACI Asphalt & Concrete
- Sellers
- Jeff Taylor (co-owner of ACS)
- Platforms
- ACI Holdings Group
- Industry
- Industrial Services
- Location
- Minnesota, United States
- Transaction Type
- Addon
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