Oak Brook, Ill. — Let’s Pave, a leading national provider of specialized paving services and solutions, has selected Saw Mill Capital Partners II, LP and affiliated private equity investment funds managed by Saw Mill Capital LLC as its financial and strategic partner. The management team at Let’s Pave will retain significant ownership and continue to lead the business going forward. The terms of the transaction have not been disclosed.
“Our partnership with Saw Mill Capital represents a great step forward for Let’s Pave,” says C.B. Kuzlik, CEO and founder of Let’s Pave. “The Saw Mill team brings significant facilities maintenance expertise, actionable strategic account relationships, and a strong suite of research, technology and resources to support Let’s Pave’s continued growth. We are excited to find a partner that shares our vision and commitment to delivering the highest quality parking lot maintenance service and creating significant value for our customers.”
Adds Tim Nelson, a partner at Saw Mill Capital: “We are excited to partner with Let’s Pave to accelerate the penetration of the company’s innovative business model across the U.S. Let’s Pave’s leadership team has built an impressive organization and extensive network of local paving partners over a short period, and we look forward to partnering with the company in realizing its growth potential.”
Based in Briarcliff Manor, N.Y., Saw Mill Capital is a private equity firm that acquires industrial and commercial service, specialty distribution and manufacturing businesses with enterprise values of $25 million to $200 million. Since 1997, Saw Mill Capital has been partnering with management teams to help successful businesses reach their full potential.
Let’s Pave provides complete preventative and structural parking lot maintenance services to commercial and industrial properties nationwide as well as partner solutions including pavement planning, contractor procurement and project management. For more information, visit www.letspave.com.
SOURCE: Let’s Pave