Turning Rock Partners, a private investment firm based in New York, completed the $25m investment in General Asphalt, a paving contractor based in Miami, Florida. "Turning Rock Partners is pleased to provide a structured capital solution to support the transaction and fuel further growth. General Asphalt and its founding family have demonstrated exceptional leadership over a multi-decade period. Through a capital investment and beneficial insights from our network, we look forward to supporting value creation by SMC alongside the General Asphalt and IB Holdings management teams," David Markus, TRP Partner.