M&A Deal Summary

Blue Ridge Construction Capital and Lometa Capital Partners Acquire Artistic Paver Manufacturing

On November 9, 2022, private equity firm Blue Ridge Construction Capital and family office Lometa Capital Partners acquired building materials company Artistic Paver Manufacturing

Acquisition Highlights
  • This is Blue Ridge Construction Capital’s 2nd and Lometa Capital Partners’ 1st transaction in the Building Materials sector.
  • This is Blue Ridge Construction Capital’s 2nd and Lometa Capital Partners’ 5th transaction in the United States.
  • This is Blue Ridge Construction Capital’s 1st and Lometa Capital Partners’ 1st transaction in Florida.

M&A Deal Summary

Date 2022-11-09
Target Artistic Paver Manufacturing
Sector Building Materials
Buyer(s) Blue Ridge Construction Capital
Lometa Capital Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

Artistic Paver Manufacturing

North Miami Beach, Florida, United States
Artistic Paver Manufacturing is a manufacturer of premium interlocking, decorative concrete pavers sold for outdoor living applications. Artistic Paver Manufacturing was founded in 2000 and is based in North Miami Beach, Florida.

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Buyer(S) 2

DESCRIPTION

Blue Ridge Construction Capital is a specialist private equity firm focused on building products. The Firm seeks family or entrepreneur-owned companies with at least $5 million EBITDA and where it can invest at least $10 million of equity. Areas of interest include construction materials, building products, distribution, and services across the residential, commercial, and infrastructure markets. Blue Ridge Construction Capital was founded in 2022 and is based in Charlotte, North Carolina.


DEAL STATS #
Overall 2 of 3
Sector (Building Materials) 2 of 2
Type (Buyout (LBO, MBO, MBI)) 2 of 2
State (Florida) 1 of 2
Country (United States) 2 of 3
Year (2022) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-22 Matthews-Edge Sand

Princeton, North Carolina, United States

Matthews-Edge Sand produces, delivers, and coordinates the supply of a wide variety of aggregates for construction, roads, landscaping, and more. It serves construction companies and ready-mix plants in the Raleigh area as well as homeowners and landscapers in the Research Triangle area. Matthews-Edge Sand was founded in 2022 and is based in Princeton, North Carolina.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-08-05 Banko

Tampa, Florida, United States

Banko is a full-service garage door installation, service, and repair provider. Banko was founded in 1984 and is based in Tampa, Florida.

Buy -
Buyer

Lometa Capital Partners

Investor Investor


Category Family Office
Founded 2019
PE ASSETS 75M USD
Size Small
Type Sector Agnostic
DESCRIPTION

Lometa Capital Partners is a multi-family backed investment firm focused on acquiring lower middle-market, profitable, manufacturing, industrial, and business services companies valued up to $75 million. The Firm will consider businesses throughout North America and seeks a variety of control investment situations including recapitalizations, buyouts, and growth capital financings. Lometa Capital Partners was formed in 2019 and is based in Sugar Land, Texas.


DEAL STATS #
Overall 5 of 7
Sector (Building Materials) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 4 of 5
State (Florida) 1 of 1
Country (United States) 5 of 7
Year (2022) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-11 D&S Car Wash Supply

High Ridge, Missouri, United States

D&S is a manufacturer of brand‐recognized, high‐performance car wash systems including in‐bay automatic, self‐serve, and truck wash systems, as well as spare parts and other auxiliary equipment. D&S’s line of IQ‐branded systems are manufactured with the highest quality materials and feature proprietary,state‐of‐the‐art technology that result in unparalleled wash quality and efficiency.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-15 Upper Hand

Indinapolis, Indiana, United States

Upper Hand is a subscription-based, B2B2C, software company operating in the sports industry. From local training facilities to national franchisors, Upper Hand’s integrated payments software and platform delivers digital transformation to sports training facilities via technology and business automation solutions.

Buy -