Tracked deals
4
4 tracked deals across 2021-2022.
Ashland, Virginia, United States
Formerly known as Pavement Partners Holding, Pavement Partners Holding, LLC, Pavement Partners, LLC
Asphalt and concrete pavement maintenance and repair provider offering services such as asphalt and concrete maintenance, repair, new paving, milling, and sealcoating, serving customers across multiple states.
Tracked deals
4
4 tracked deals across 2021-2022.
Recent pace
0
0 tracked deals announced in the last 12 months.
Deal mix
Addon
2 addon · 1 buyout · 1 recapitalization
Last 2 years
Supporting Data
Pavement Partners Holding, LLC (“Pavement Partners”) acquired Cincinnati Asphalt, a provider of asphalt and concrete solutions serving the Greater Cincinnati region and surrounding markets. The acquisition closed on August 24, 2022 and is intended to expand Pavement Partners’ footprint while supporting growth of Cincinnati Asphalt’s operations.
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 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 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.
Turn tracked acquisition activity into an outreach-ready buyer list.