Pavement Partners and Brothers National Merge to Form Pave America
Summary
Pave America is a leading provider of maintenance-driven pavement solutions including repair, milling, sealcoating, and striping services to commercial, municipal, industrial, utility, and HOA customers with nationwide coverage through an extensive self-perform and outsourced vendor model. As part of the transaction, Tom York, formerly at Pavement Partners, will assume the role of Pave America CEO and Paul Garner, formerly at Brothers, will serve as President. Tom York, CEO of Pave America, said, “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. Shoreline follows a total stakeholder model, meaning success should be a “win-win” proposition for shareholders, employees, customers, vendors, and the communities within which the Firm’s companies operate. Lincoln Road Global Management is a private equity firm making control investments in lower middle market buy-and-build opportunities in North America.