M&A Deal Summary

Shoreline Equity Partners and Harvey & Company Acquire Pave America

On June 30, 2021, private equity firm Shoreline Equity Partners and merchant bank Harvey & Company acquired construction company Pave America

Acquisition Highlights
  • This is Shoreline Equity Partners’ 1st and Harvey & Company’s 1st transaction in the Construction sector.
  • This is Shoreline Equity Partners’ 4th and Harvey & Company’s 54th transaction in the United States.
  • This is Shoreline Equity Partners’ 1st and Harvey & Company’s 1st transaction in Virginia.

M&A Deal Summary

Date 2021-06-30
Target Pave America
Sector Construction
Buyer(s) Shoreline Equity Partners
Harvey & Company
Deal Type Buyout (LBO, MBO, MBI)

Target

Pave America

Warrenton, Virginia, United States
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.

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Buyer(S) 2

Buyer
DESCRIPTION

Shoreline Equity Partners is a private equity firm focused on partnering with management teams to acquires lower middle-market companies. The Firm is sector agnostic and generally targets profitable enterprises valued from $50 to $350 million. Prospective transaction situations include buyouts, recapitalizations, and corporate divestitures. Shoreline Equity Partners was established in 2019 and is headquartered in Jacksonville, Florida.


DEAL STATS #
Overall 4 of 9
Sector (Construction) 1 of 2
Type (Buyout (LBO, MBO, MBI)) 2 of 3
State (Virginia) 1 of 1
Country (United States) 4 of 9
Year (2021) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-13 Pool Troopers

Tampa, Florida, United States

Pool Troopers is a premier provider of chemical, cleaning, maintenance, and repair services for residential pools in Florida, Texas, and Arizona. Pool Troopers was formed in 1952 and is based in Tampa, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-14 Career Now Brands

Royal Oak, Michigan, United States

Career Now Brands is a technology-enabled provider of digital solutions to essential employment and education industries with a focus on supplying a recurring candidate funnel of CDL drivers, trade school students, warehouse workers, and other low-retention occupations. With over 100 employees, the Company leverages proprietary technology to improve the way companies attract potential candidates and students. Career Now Brands is based in Royal Oak, Michigan.

Buy -
DESCRIPTION

Harvey & Company is a principal investment and advisory group. The Firm works with companies and private equity firms on acquisition searches as well as makes investments of its own. Harvey & Company was established in 1998 and is headquartered in Newport Beach, California.


DEAL STATS #
Overall 56 of 72
Sector (Construction) 1 of 2
Type (Buyout (LBO, MBO, MBI)) 21 of 27
State (Virginia) 1 of 1
Country (United States) 54 of 67
Year (2021) 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-17 Aeronix

Melbourne, Florida, United States

Aeronix is a provider of data transfer, signal analysis, and communications products and related engineering services primarily to the defense industry. Products include ruggedized ethernet switches, tactical data link technology, software defined radios, and signal processing mezzanine cards. Aeronix was founded in 1985 and is based in Melbourne, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-14 Apps Associates

Acton, Massachusetts, United States

Apps Associates is a global IT and business services organization that provides solutions for Cloud, Analytics, and Integration. Apps Associates is a rapidly growing, IT services business that specializes in implementing, optimizing, and maintaining complex ERP, business intelligence, and cloud applications. Apps Associates was founded in 2002 and is based in Acton, Massachusetts.

Buy -