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New Deal


Announced

Completed

Pave America completed the acquisition of Kansas Asphalt and Central States Paving & Concrete.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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United States

concrete

asphalt

Cement

Acquisition

Majority

Private

Domestic

Completed

Friendly

Single Bidder

Synopsis

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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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