M&A Deal Summary

Tendit Group Acquires Precision Asphalt

On August 7, 2023, Tendit Group acquired business services company Precision Asphalt

Acquisition Highlights
  • This is Tendit Group’s 9th transaction in the Business Services sector.
  • This is Tendit Group’s 10th transaction in the United States.
  • This is Tendit Group’s 2nd transaction in Utah.

M&A Deal Summary
Date 2023-08-07
Target Precision Asphalt
Sector Business Services
Buyer(s) Tendit Group
Deal Type Add-on Acquisition

Target

Precision Asphalt

Salt Lake City, Utah, United States
Precision Asphalt provides asphalt services including paving, maintenance, repairs, seal coating, slurry sealing, excavation, and grading. Precision Asphalt was formed in 2005 and is based in Salt Lake City, Utah.

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Buyer(S) 1

Buyer

Tendit Group

Denver, Colorado, United States
Category Company
Founded 1992
Sector Business Services
DESCRIPTION

Tendit Group is a provider of exterior facility services in the Mountain West. The company’s comprehensive service offerings include pressure washing, asphalt maintenance, landscaping, snow removal, pavement striping & marking, power sweeping, specialty cleaning, industrial hygiene, environmental spill clean-up, wet sandblasting, graffiti/paint removal, window cleaning, and caulking. Tendit Group was founded in 1992 and is based in Denver, Colorado.

DEAL STATS #
Overall 10 of 10
Sector (Business Services) 9 of 9
Type (Add-on Acquisition) 10 of 10
State (Utah) 2 of 2
Country (United States) 10 of 10
Year (2023) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-07-19 CAM Services

Denver, Colorado, United States

CAM Services specializes in snow removal, power sweeping, power washing, fencing, electrical services, hauling, and many more. CAM Services was formed in 1999 and is based in Denver, Colorado.

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