M&A Deal Summary

Advanced Pavement Group Acquires Richards Paving

On May 21, 2018, Advanced Pavement Group acquired construction company Richards Paving

Acquisition Highlights
  • This is Advanced Pavement Group’s 1st transaction in the Construction sector.
  • This is Advanced Pavement Group’s 4th transaction in the United States.
  • This is Advanced Pavement Group’s 1st transaction in Delaware.

M&A Deal Summary
Date 2018-05-21
Target Richards Paving
Sector Construction
Buyer(s) Advanced Pavement Group
Deal Type Add-on Acquisition

Target

Richards Paving

New Castle, Delaware, United States
Richards Paving, Inc. is a provider of asphalt and concrete services to commercial, industrial, and residential customers in the Delaware Valley region. Richards Paving, Inc. was founded in 1973 and headquartered in New Castle, Delaware.

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Buyer(S) 1

Buyer

Advanced Pavement Group

Islip, New York, United States
Category Company
Founded 1963
Sector Business Services
DESCRIPTION

Advanced Pavement Group is an outdoor facility maintenance company (services include asphalt paving, seal-coating, drain installation and repair, concrete installation and repair, sweeping and debris removal, power washing, storm drain management, and maintenance) in the Northeast and Mid-Atlantic regions of the United States, servicing New York, New Jersey, Connecticut, Delaware, Pennsylvania, and Maryland. Advanced Pavement Group was founded in 1963 and is based in Islip, New York.

DEAL STATS #
Overall 4 of 6
Sector (Construction) 1 of 1
Type (Add-on Acquisition) 4 of 6
State (Delaware) 1 of 1
Country (United States) 4 of 6
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-06 Orange Industries

Islip, New York, United States

Orange Industries (Orange Sewer & Drain) is a full service non-hazardous liquid waste management company whose management team has been providing the highest quality service to commercial and residential customers.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-12 Easmunt Paving

Millville, New Jersey, United States

Easmunt Paving, Inc. is a provider of south jersey asphalt paving, grading and milling Services. Easmunt Paving is based in Millville, New Jersey.

Buy -
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