Investment Summary

Shoreline Equity Partners, Harvey & Company and Trivest Partners Exit Pave America

On September 9, 2025, private equity firm AEA Investors and asset manager BCI invested in construction company Pave America from Shoreline Equity Partners, Harvey & Company and Trivest Partners

Investment Highlights
  • This is AEA Investors’ 3rd and BCI’s 1st transaction in the Construction sector.
  • This is AEA Investors’ 106th and BCI’s 15th transaction in the United States.
  • This is AEA Investors’ 2nd and BCI’s 1st transaction in Virginia.

Investment Summary

Date 2025-09-09
Target Pave America
Sector Construction
Investor(s) AEA Investors
BCI
Sellers(s) Shoreline Equity Partners
Harvey & Company
Trivest Partners
Deal Type Secondary Buyout

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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Investor(S) 2

Investor

AEA Investors

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1968
PE ASSETS 19.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

AEA Investors is a private investment firm focused on investing in and acquiring businesses headquartered primarily in the US, Europe, and China. AEA looks for companies operating in stable to growing industries with a proven ability to generate positive cash-flow. Broad sectors of interest include value-added industrial products/services, specialty chemicals, consumer products, and services. In addition to its primary middle-market private equity fund, AEA maintains additional funds targeted towards mezzanine financing, senior secured debt, and small business buyouts. AEA Investors was formed in 1968 and is based in New York City.


DEAL STATS #
Overall 121 of 121
Sector: Construction M&A 3 of 3
Type: Secondary Buyout M&A Deals 57 of 57
State: Virginia M&A 2 of 2
Country: United States M&A 106 of 106
Year: 2025 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-04-25 Splash Car Wash

Milford, Connecticut, United States

Splash Car Wash is an operator of car washes with 18 locations in New York and Connecticut. The Company offers full service, hand wash, express, and self-service alternatives, as well as oil and lube services at premier locations. Splash Car Wash was formed in 1981 and is based in Milford, Connecticut.

Buy -
Investor

BCI

Investor Investor Investor Investor Investor


Category Asset Manager
Founded 1999
PE ASSETS 21.1B CAD
Size Mega
Type Sector Agnostic
DESCRIPTION

British Columbia Investment Management Corp. (BCI) is large asset manager focused on providing investment management services to British Columbia’s public sector. The Firm looks to invest in a range of asset categories and will consider opportunities globally. BCI's private equity practice was established in 1995 and seeks leverage buyout and growth equity opportunities that include market leading companies with tangible downside protection. Portfolio companies have a sustainable competitive advantage, offer value-added products and services, and are led by talented management teams. British Columbia Investment Management Corp. is headquartered in Victoria, British Columbia.


DEAL STATS #
Overall 32 of 32
Sector: Construction M&A 1 of 1
Type: Secondary Buyout M&A Deals 14 of 14
State: Virginia M&A 1 of 1
Country: United States M&A 15 of 15
Year: 2025 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-04-10 BroadStreet Partners

Columbus, Ohio, United States

BroadStreet Partners is an insurance brokerage holding company that invests in select, entrepreneurial, high-performing independent agencies that are seeking support for continued growth and a solution for ownership succession. BroadStreet uses a unique co-ownership model that allows its partners to fully participate in the financial rewards of the value they create. BroadStreet Partners was founded in 2001 and is based in Columbus, Ohio.

Buy -

Seller(S) 3

SELLER
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 2 of 2
Sector: Construction M&A 1 of 1
Type: Secondary Buyout M&A Deals 2 of 2
State: Virginia M&A 1 of 1
Country: United States M&A 2 of 2
Year: 2025 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-25 Prime Meats

Duluth, Georgia, United States

Prime Meats is a value-added protein processor and distributor that serves food service and retail customers and has deep ties to the Hispanic community. Prime Meats was founded in 1992 and is based in Duluth, Georgia.

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 36 of 37
Sector: Construction M&A 1 of 1
Type: Secondary Buyout M&A Deals 13 of 13
State: Virginia M&A 1 of 1
Country: United States M&A 35 of 36
Year: 2025 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-09-11 Miller Environmental Group

Calverton, New York, United States

Miller Environmental Group services the utility, transportation, and petrochemical industries in the areas of emergency response, waste transportation and disposal, remediation, and industrial as well as marine services. Miller Environmental Group was founded in 1971 and is based in Calverton, New York.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-12-04 Cornerstone Foodservice Group

Naperville, Illinois, United States

Cornerstone Foodservice Group is a designer and provider of foodservice equipment for the hospitality sector. The product includes buffet systems, induction cooking systems, mobile cooking stations, tableware, and cookware. Cornerstone Foodservice Group is based in Naperville, Illinois.

Sell -
SELLER

Trivest Partners

Coral Gables, Florida, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1981
PE ASSETS 6.1B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
Trivest's corporate headquarters in Coral Gables, Florida.
Trivest's corporate headquarters in Coral Gables, Florida.

Trivest is a private equity firm that invests in North American middle-market corporate acquisitions, recapitalizations, and growth capital financings. For platform investments, sectors of interest include niche manufacturing, value-added distribution, business services, and consumer products/services. The Firm seeks businesses with at least $4 million of EBITDA and valued between $20 and $250 million. Trivest prefers control-based situations but will also consider minority or co-investment opportunities. For add-on opportunities, Trivest will consider companies globally with valuations starting at $1 million. Trivest Partners was formed in 1981 and is based in Coral Gables, Florida.


DEAL STATS #
Overall 46 of 46
Sector: Construction M&A 3 of 3
Type: Secondary Buyout M&A Deals 22 of 22
State: Virginia M&A 2 of 2
Country: United States M&A 42 of 42
Year: 2025 M&A 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-08-22 Applied Value Group

Andover, Massachusetts, United States

Applied Value Group combines management consulting, private and public investments, and social responsibility. The company's engagements create shareholder value through rigorous analysis, strategic advice, and a strong emphasis on actions to make it happen. Clients include leading international companies in several sectors, ranging from heavy industry to services and private equity. Applied Value Group was formed in 1997 and is based in New York, New York.

Buy -