Bridgeview, Ill. — In a historic moment for the paving industry, Rose Paving has merged with Atlantic Southern Paving (ASP) to create one of the largest self-performing paving companies in the United States. Rose Paving and ASP combine complementary geographic footprints and together create an expansive nationwide network with an unrivaled reach. The businesses are known for consistent, longstanding relationships while offering both national and regional expertise, and the combination will ensure new standards of quality and service in the paving industry.
Both companies have been built through an unwavering commitment to servicing clients, with customers trusting Rose Paving for over 50 years and ASP for more than 30 years. Over the last decade, each company has expanded through steady and deliberate organic growth as well as key acquisitions. This partnership now unites over 1,000 employees across 34 offices nationwide.
“We’re thrilled to join forces with the ASP team,” says Jaron Srain, president of Rose Paving. “Our geographic footprints complement each other, and our partnership will boost efficiencies and double our coverage to better serve our clients. The merger uniquely positions us to offer best-in-class paving solutions and superior service for years to come.”
This alliance brings together two of the most trusted names in paving, companies with shared values and a commitment to delivering outstanding customer service and quality work. The merger strengthens our national capabilities and leverages deep regional expertise to serve clients better.
Mike Curry Jr., CEO of ASP, expressed his excitement about the merger: “This is a huge moment not only for the company that my family and team have built but for the entire paving industry. Rose and ASP will carry forward our legacies as one. I am eager to unite these companies to redefine the industry that we love.”
Harbor Beach Capital, ASP’s investment partner, will continue to invest alongside Tenex Capital Management, Rose Paving’s partner, to support the company’s continued growth and expansion nationwide.
Founded in 1974 and headquartered in Bridgeview, Ill., Rose provides professional preventative and restorative pavement maintenance services to businesses throughout the U.S., Canada and Puerto Rico. Rose delivers its services to retail, hospitality, healthcare and apartment companies in multiple locations. For more information, visit www.rosepaving.com.
Based in Sunrise, Fla., Atlantic Southern Paving has provided expert paving services throughout the southern U.S. for decades. Its family of businesses includes Murphree Paving, Emerald Paving, C&T Paving, Superior Blacktop Services, Pavement Exchange Group, Massey Asphalt Paving, Black Diamond Paving, Paradise Pavement Maintenance and Property Paving. For more information, visit www.atlanticsouthernpaving.com/our-family-of-companies/.
Tenex Capital Management is a private equity firm that invests in middle-market companies. For more information, visit www.tenexcm.com.
Harbor Beach Capital is a private equity firm specializing in control investments in middle-market companies. For more information, visit www.harborbeachcapital.com.
SOURCE: Rose Paving