The Sterling Group completed the acquisition of Pavement Preservation Group and Vance Brothers.

The Sterling Group, a private equity firm, completed the acquisition of Pavement Preservation Group, a pavement preservation solutions company and Vance Brothers, an asphalt and pavement preservation company. Financial terms were not disclosed. “I am thrilled to join the PPG platform and look forward to partnering with our premier regional divisions to help build the national leader in pavement preservation. Sterling’s deep operational expertise, extensive knowledge of the industry’s end markets and customers, and track record of success with other buy-and-build platforms were important to the management teams and family-owners of PPGI and Vance. We will work together to help PPG’s pavement specialists provide best-in-class service to customers across the country,” Darin Matson, PPG CEO.