M&A Deal Summary

Superior Paving Acquires Boxley Materials - Asphalt Division

On March 15, 2024, Superior Paving acquired construction company Boxley Materials - Asphalt Division from Boxley Materials

Acquisition Highlights
  • This is Superior Paving’s 1st transaction in the Construction sector.
  • This is Superior Paving’s 1st transaction in the United States.
  • This is Superior Paving’s 1st transaction in Virginia.

M&A Deal Summary
Date 2024-03-15
Target Boxley Materials - Asphalt Division
Sector Construction
Buyer(s) Superior Paving
Sellers(s) Boxley Materials
Deal Type Divestiture

Target

Boxley Materials - Asphalt Division

Blue Ridge, Virginia, United States
Boxley Materials’s Asphalt Division includes Boxley's three asphalt plants located in Lynchburg, Salem, and Piney River which proivdes pavement services.

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Buyer(S) 1

Buyer

Superior Paving

Gainesville, Virginia, United States
Category Company
Founded 1976
Sector Construction
DESCRIPTION

Superior Paving is a provider of paving services. Superior Paving was founded in 1976 and is based in Gainesville, Virginia.

DEAL STATS #
Overall 1 of 2
Sector (Construction) 1 of 2
Type (Divestiture) 1 of 1
State (Virginia) 1 of 2
Country (United States) 1 of 2
Year (2024) 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-10-25 Kickin’ Asphalt Paving & Excavating

Strasburg, Virginia, United States

Kickin’ Asphalt Paving & Excavating specializes in asphalt paving, milling, excavation, and asphalt production services for both public and private projects. Kickin’ Asphalt Paving & Excavating is based in Strasburg, Virginia.

Buy -

Seller(S) 1

SELLER

Boxley Materials

Blue Ridge, Virginia, United States
Category Company
Founded 1892
Sector Building Materials
DESCRIPTION

Boxley Materials Co. is a vertically integrated construction materials company.

DEAL STATS #
Overall 1 of 1
Sector (Construction) 1 of 1
Type (Divestiture) 1 of 1
State (Virginia) 1 of 1
Country (United States) 1 of 1
Year (2024) 1 of 1
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