Add-on Acquisition • Business Services

Heartland Paving Partners Acquires Macadam

On June 19, 2025, Heartland Paving Partners acquired business services company Macadam

Acquisition Context
  • This is Heartland Paving Partners’ 3rd transaction in the Business Services sector.
  • This is Heartland Paving Partners’ 6th transaction in the United States.
  • This is Heartland Paving Partners’ 1st transaction in Pennsylvania.

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M&A Deal Summary

Date June 19, 2025
Target Macadam
Sector Business Services
Buyer(s) Heartland Paving Partners
Deal Type Add-on Acquisition

Target Company

Macadam

Malvern, Pennsylvania, United States
Macadam is a pavement solutions provider that offers asphalt, concrete, drainage, sealcoating, and line striping services across Pennsylvania, New Jersey, Delaware, and Maryland. Macadam was formed in 1986 and is based in Malvern, Pennsylvania.
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Buyer Overview 1

Buyer

Heartland Paving Partners

Blaine, Minnesota, United States

Category Company
Sector Business Services
DESCRIPTION

Heartland Paving Partners is a provider of commercial asphalt and concrete maintenance and repair services across the upper Midwest. Heartland Paving Partners is based in Blaine, Minnesota.


Deal Context for Buyer #
Overall 6 of 6
Sector: Business Services 3 of 3
Type: Add-on Acquisition 6 of 6
State: Pennsylvania 1 of 1
Country: United States 6 of 6
Year: 2025 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-05-06 Poblocki Paving

New Berlin, Wisconsin, United States

Poblocki Paving specializes in comprehensive self-performed asphalt and concrete services, including infrared patching, milling, sealcoating, striping, and snow removal. Poblocki Paving was founded in 1969 and is based in New Berlin, Wisconsin.

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