M&A Deal Summary

Pave America Acquires Turner Asphalt

On January 18, 2022, Pave America acquired construction company Turner Asphalt

Acquisition Highlights
  • This is Pave America’s 3rd transaction in the Construction sector.
  • This is Pave America’s 3rd transaction in the United States.
  • This is Pave America’s 1st transaction in North Carolina.

M&A Deal Summary
Date 2022-01-18
Target Turner Asphalt
Sector Construction
Buyer(s) Pave America
Deal Type Add-on Acquisition

Target

Turner Asphalt

Raleigh, North Carolina, United States
Turner Asphalt is a full-service paving company with a presence across the Southeast. Turner Asphalt performs new road construction, repairs, concrete paving, street marking, seal coating, grading, road maintenance, and much more. Turner Asphalt is based in Raleigh, North Carolina.

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Buyer(S) 1

Buyer

Pave America

Warrenton, Virginia, United States
Category Company
Sector Construction
DESCRIPTION

Pave America is a provider of asphalt and concrete solutions including maintenance, repair, milling, sealcoating, and new paving services to commercial, municipal, and institutional customers as well as general contractors. Pave America is based in Warrenton, Virginia.

DEAL STATS #
Overall 3 of 6
Sector (Construction) 3 of 6
Type (Add-on Acquisition) 3 of 5
State (North Carolina) 1 of 1
Country (United States) 3 of 6
Year (2022) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-18 Chamberlain Contractors

Laurel, Maryland, United States

Chamberlain Contractors is a provider of commercial parking lot paving, concrete, and related services. Chamberlain Contractors was founded in 1976 and is based in Laurel, Maryland.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-02-27 Brothers National

Manassas, Virginia, United States

Brothers National is an operator of a premier asphalt, concrete and paving company. Brothers National was founded in 1985 and is based in Manassas, Virginia.

Buy -
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