Divestiture • Construction

Surface Preparation Technologies Acquires Diamond Surface - Rumble Strip Division

On July 23, 2018, Surface Preparation Technologies acquired construction company Diamond Surface - Rumble Strip Division from Diamond Surface

Acquisition Context
  • This is Surface Preparation Technologies’ 1st transaction in the Construction sector.
  • This is Surface Preparation Technologies’ 1st transaction in the United States.
  • This is Surface Preparation Technologies’ 1st transaction in Minnesota.

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M&A Deal Summary

Date July 23, 2018
Target Diamond Surface - Rumble Strip Division
Sector Construction
Buyer(s) Surface Preparation Technologies
Sellers(s) Diamond Surface
Deal Type Divestiture

Target Company

Diamond Surface - Rumble Strip Division

Rogers, Minnesota, United States
Diamond Surface, Inc. - Rumble Strip Division is a provider of rumble strips and related roadway safety services.
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Buyer Overview 1

Buyer

Surface Preparation Technologies

New Kingstown, Pennsylvania, United States

Category Company
Founded 1988
Sector Construction
DESCRIPTION

Surface Preparation Technologies is a provider of rumble strips and related critical roadway safety services. Surface combines 30+ years of roadway infrastructure expertise and a fleet of proprietary, technologically advanced equipment. Surface Preparation Technologies was founded in 1988 and is based in New Kingstown, Pennsylvania.


Deal Context for Buyer #
Overall 1 of 1
Sector: Construction 1 of 1
Type: Divestiture 1 of 1
State: Minnesota 1 of 1
Country: United States 1 of 1
Year: 2018 1 of 1

Seller Profile 1

SELLER

Diamond Surface

Rogers, Minnesota, United States

Category Company
Founded 1989
Sector Construction
DESCRIPTION

Diamond Surface, Inc. is a diamond grinding contractor. Since then, DSI has grown into a full service pavement restoration and rehabilitation contractor. Although company specialize in concrete pavements also have applications and safety improvements for asphalt pavements.


Deal Context for Seller #
Overall 1 of 1
Sector: Construction 1 of 1
Type: Divestiture 1 of 1
State: Minnesota 1 of 1
Country: United States 1 of 1
Year: 2018 1 of 1