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Dallas, TX: Kratos Capital is pleased to announce the acquisition of their client Cincinnati Asphalt by Pavement Partners Holding, LLC. (“Pavement Partners”). The acquisition closed on August 24, 2022. Cincinnati Asphalt is a leading provider of asphalt and concrete solutions in the Greater Cincinnati, Southeast Indiana, and Northern Kentucky areas. They provide maintenance, repairs, milling, and sealcoating services to a wide array of commercial, industrial, and municipal customers.
Pavement Partners is an asphalt and concrete services provider based in Richmond, Virginia. They have 400 employees spread across Washington D.C., Virginia, Maryland, North Carolina, South Carolina, West Virginia, Georgia, and Florida. Their services include maintenance, repair, new paving, milling, and sealcoating for industrial properties, municipalities, commercial customers, HOA properties, and regional retailers.
The acquisition of Cincinnati Asphalt by Pavement Partners is the 8th acquisition completed since Pavement Partners was established. It is also the first outside of the company’s current base of operations in the Southern U.S. Both companies hope the acquisition will help their continuing growth across the various markets that they serve.
Kratos Capital, a leading merger and acquisition advisor based in Dallas, TX, helped establish and successfully close the acquisition deal. The firm believes the partnership between these two companies will help develop their client base and further increase their growing operations.
About Kratos Capital: Kratos Capital is a privately held mergers and acquisitions advisory firm. They provide strict personal attention to each of their clients. In 2021, they completed 100% of their deals in the market.
For more information on Kratos Capital, visit Kratos Capital. For press inquiries regarding the acquisition, please call 972-843-7500 or email info@kratoscap.com.
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