Rose Paving Merges with Atlantic Southern Paving
In a significant milestone for the paving sector, Rose Paving has announced its merger with Atlantic Southern Paving, collectively establishing one of the largest self-performing paving companies in the country. This strategic alliance marks a transformative moment, combining their geographic strengths to create a vast national network that offers unparalleled service quality.
Enhancing Service Quality and Reach
The merger not only combines the robust reputations of Rose Paving and Atlantic Southern Paving but also unites their decades-long expertise in service delivery. With Rose Paving's history stretching back to 1974 and Atlantic Southern's presence for over 30 years, customers can expect a familiar commitment to excellence. Both companies have steadily expanded through steady growth and smart acquisitions, leading to a combined workforce of over 1,000 across numerous locations.
Executives Share Enthusiasm
Jaron Srain, President of Rose Paving, expressed his excitement, stating, “We’re thrilled to join forces with the ASP team. This merger enhances our efficiency and expands our service coverage significantly.” The collaboration uniquely positions both companies to provide superior paving solutions that meet the demands of their clientele.
Strengthening Client Relations
The values that both companies share—commitment to outstanding service and quality work—will empower them to provide improved solutions post-merger. The alliance creates a substantial national capability while leveraging their combined regional expertise, ensuring better service for clients across various sectors.
Future of Paving Services
Mike Curry Jr., CEO of ASP, noted that this merger is a pivotal step not just for the companies involved but for the paving industry as a whole. “Rose and ASP will redefine the industry, maintaining our legacies as one entity,” he stated with enthusiasm about the future.
Investment in Continued Growth
Harbor Beach Capital, which partners with ASP, remains committed to investing in this evolving business landscape alongside Tenex Capital Management, Rose Paving's partner. This ongoing investment will support the companies' growth strategies as they make inroads nationwide.
About Rose Paving
Founded in 1974 and based in Bridgeview, IL, Rose Paving specializes in preventative and restorative pavement maintenance. Providing services across the United States, Canada, and Puerto Rico, they cater to a range of sectors including retail and healthcare, emphasizing quality service and customer satisfaction.
About Atlantic Southern Paving
Atlantic Southern Paving, located in Sunrise, Florida, has a rich history of providing high-quality paving services primarily in the southern United States. Known for their expert workmanship and strong customer relationships, the company has earned trust across many sectors, including asphalt maintenance and repair.
About Tenex Capital Management
Tenex Capital Management is a private equity firm that focuses on fostering development in middle-market companies. They specialize in maximizing value creation through effective collaborations with management teams, diving deep into various industries like diversified industrials and healthcare.
About Harbor Beach Capital
Harbor Beach Capital emphasizes control investments in middle-market firms. By aligning interests with talented management, they focus on fostering growth and operational efficiencies within their portfolio, ensuring long-term value and success.
Frequently Asked Questions
What is the significance of the Rose Paving and ASP merger?
The merger creates one of the largest self-performing paving companies in the U.S., enhancing service reach and quality.
How long have Rose Paving and ASP been in business?
Rose Paving has been operational since 1974, and ASP has been serving clients for over 30 years.
What benefits does this merger bring to clients?
Clients can expect increased coverage, improved service delivery, and access to best-in-class paving solutions.
What are the goals for the combined companies?
The primary goals include boosting operational efficiencies, expanding services nationally, and enhancing customer experiences.
What is the commitment of the investment partners?
Harbor Beach Capital and Tenex Capital Management are dedicated to supporting the continued growth and expansion of the newly merged entity.
