Pave America Expands National Presence with Kansas Asphalt and Central States Paving & Concrete

Pave America, LLC ("Pave America") continues to strengthen its position in the asphalt and concrete industry with strategic partnerships with leading companies Kansas Asphalt and Central States Paving & Concrete ("CSPC"). These partnerships will expand Pave America's national presence and contribute to its aggressive growth strategy.

Kansas Asphalt, headquartered in Bucyrus, KS, is renowned for its asphalt and concrete paving, maintenance, repair, and reconstruction services. The company operates in several states, including Kansas, California, Texas, Ohio, and Iowa. Through an extensive subcontractor network, Kansas Asphalt is also a prominent provider of pavement services across the United States. Under the leadership of CEO Chuck Jeffries, Kansas Asphalt will continue its operations and play a crucial role in expanding the company's reach.

Central States Paving & Concrete, backed by Grove Mountain Partners, is a leading provider of asphalt paving, concrete, sealcoating, striping, patching, and parking lot maintenance services. With locations in Wisconsin, Indiana, and Kansas, CSPC is a reputable self-performing pavement service provider in the Midwest. This partnership with CSPC further strengthens Pave America's presence in the region and supports its mission to be the leading provider of maintenance-driven asphalt and concrete solutions. The management team at CSPC will continue leading the business as a regional platform within Pave America.

The CEOs of both Kansas Asphalt and CSPC expressed their enthusiasm for the partnership. Chuck Jeffries, CEO of Kansas Asphalt, stated, "Pave America was the right partner for our team as they continue assimilating industry-leading companies and CEOs across the country." Stephen Fraser, Partner of Grove Mountain Partners, also expressed excitement about partnering with Pave America, emphasizing the shared core values between the two companies.

Tom York, CEO of Pave America, highlighted the excellent reputations of Kansas Asphalt and Central States Paving & Concrete and their value to the company's expansion on a national scale. Paul Garner, President of Pave America, echoed this sentiment, stating that both companies are a perfect fit for Pave America.

The exclusive financial advisor to CSPC on the transaction was Citizens M&A Advisory.

Pave America is a leading provider of asphalt and concrete solutions, specializing in maintenance, repair, milling, striping, and sealcoating services. With a workforce of approximately 2,000 employees, the company offers nationwide coverage through a combination of self-perform capabilities and outsourced vendors. Pave America primarily serves commercial, industrial, HOA, utility, and municipal customers.

About Trivest:

Trivest Partners is a private investment firm founded in 1981, specializing in helping founder-owned businesses transition into successful independent companies. With over four decades of experience, Trivest has invested in over 500 companies with a cumulative value of nearly $8 billion.

About Shoreline:

Shoreline Equity Partners is a lower middle market private equity firm that actively partners with leading management teams. With over $750 million of committed capital under management, Shoreline seeks to lead equity investments supporting buyouts, recapitalizations, and corporate divestitures.

In conclusion, Pave America's strategic partnerships with Kansas Asphalt and Central States Paving & Concrete mark a significant milestone in the company's growth trajectory. These partnerships will enhance Pave America's national presence and further establish its position as a leading provider of asphalt and concrete solutions. With its commitment to exceptional service and a focus on expanding its reach, Pave America continues to solidify its reputation in the industry.