Announced
Synopsis
Private equity firms Trivest Partners, Shoreline Equity and Lincoln Road-backed Pavement Partners, an asphalt and concrete solutions services provider, and Brothers National, an asphalt and concrete company, agreed to merge and form Pave America. Financial terms were not disclosed. “The opportunity to combine these two businesses to form one of the leading pavement service providers in the country makes tremendous sense for all the Company’s constituents. We are quite familiar with a number of the businesses Brothers partnered with and have a strong appreciation for the platform the Brothers team and Trivest have built. With the formation of Pave America, we are going to be able to expand our service offering, geographic reach, and, most importantly, better serve our customer base," Tom York, Pave America CEO.
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