AEA Investors and BCI completed the acquisition of Pave America from Trivest Partners and Shoreline Equity Partners.

AEA Investors, a middle market private equity firm, and British Columbia Investment Management Corporation, an investment management firm, completed the acquisition of Pave America, a commercial paving maintenance services provider, from private equity firm Trivest Partners and Shoreline Equity Partners. Financial terms were not disclosed. "This marks the beginning of an exciting new chapter for Pave America. AEA has a strong history of partnering with branch-based services businesses to successfully scale for the long run, and they and BCI bring expertise and resources that will be instrumental as we seek to accelerate our growth both organically and through strategic acquisitions. We are grateful to Shoreline and Trivest for their support in establishing such a strong foundation for our business, and we look forward to building on that progress together with AEA and BCI, continuing to deliver the highest quality commercial paving solutions to new and existing clients nationwide," Tom York, Pave America CEO.