Announced
Completed
Financials
Tags
United States
concrete
asphalt
Cement
Acquisition
Majority
Private
Domestic
Completed
Friendly
Single Bidder
Synopsis
Pave America, an asphalt and concrete service provider, completed the acquisition of asphalt makers Kansas Asphalt and Central States Paving & Concrete. Financial terms were not disclosed. “As we contemplated the next stage of growth, we wanted to find a group that not only knows the pavement industry, but would also value our team the same way we have. From our first discussion, it became very evident that Pave America was the right partner for our team as they continue assimilating industry leading companies and CEOs across the country. We are unbelievably excited to be a part of the broader strategy and look forward to leveraging their capabilities to expand Kansas Asphalt," Chuck Jeffries, Kansas Asphalt CEO.
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