Bridgeview, Ill. — Rose Paving has acquired Northern Virginia and Maryland Paving and Concrete (NVM), headquartered in Fairfax, Va. NVM is a multi-state pavement maintenance company with facilities in Maryland, Virginia and South Carolina. Rose Paving is a premier pavement services provider, based in the Chicago area, with facilities in Arizona, California, Colorado, Florida, Georgia, Illinois and Tennessee. All members of the NVM management team will remain with the company moving forward.
“We have worked closely with Mark Barbaro and the entire NVM team for many years now,” says Ed Campbell, president and chief executive officer of Rose Paving. “We are delighted that we could bring such a great group of people into our family. Rose and NVM is a wonderful pairing.”
NVM President Mark Barbaro agrees. “There has been a lot of consolidation in the paving industry over the last 24 months or so,” he says. “Many people contacted me, but I knew that there was one opportunity out there that would be the best for me and for all the great people who have made NVM special, and that was Rose Paving.”
NVM is the fifth acquisition Rose Paving has made since 2015. In November 2022, Tenex Capital Management invested in Rose Paving.
Founded in 1969 and headquartered in Bridgeview, Ill., Rose provides professional preventative and restorative pavement maintenance services to businesses throughout the United States, Canada and Puerto Rico. Rose performs its services nationally through its now nine offices and a network of alliance members. Rose delivers its services to retail, hospitality, health care and apartment companies with multiple locations. For more information, visit www.rosepaving.com.
Founded in 1985 and headquartered in Fairfax, Va., NVM provides high-quality pavement solutions across multiple industries. Originally focused in the D.C.-Maryland-Virginia (DMV) region, NVM expanded into North Carolina and South Carolina in recent years. The company’s crews now perform work throughout the entire Mid-Atlantic and Southeast region.
Tenex Capital Management is a private equity firm that invests in middle-market companies. For more information, visit www.tenexcm.com.
SOURCE: Rose Paving