Huron Capital, a Detroit-based middle-market private equity firm, today announced its Arizona-based portfolio company, Sunland Asphalt, has acquired Metro Pavers Inc. (MPI), headquartered in metro Denver. Terms of the deal were not disclosed.
MPI began operations in 1975 and has established itself as one of “the premier asphalt maintenance and paving companies in the region,” according to the company.
It provides asphalt paving and maintenance, patching, seal coating, concrete, and other ancillary services for customers in the metro Denver region and surrounding area.
“Sunland is excited to partner with the Metro Pavers team to continue our growth as a super-regional provider of asphalt paving and maintenance services,” says Matt Johnson, CEO of Sunland. “Metro Pavers has developed a strong brand presence in Colorado through its history of exceptional customer service, consistent quality work, and long-standing workforce.”
Metro Pavers is Sunland’s fourth acquisition following Huron Capital’s foundational investment in Sunland in 2021. The acquisition of Metro Pavers builds on the platform’s presence in Colorado. The Sunland platform operates across five states throughout the Southwest and Southeast regions of the United States.
“Sunland is a well-respected name in the industry, and we are excited to be joining forces with them,” says Mikey Sasina, owner of MPI. “We believe this partnership will strengthen our company’s efficiency and effectiveness with additional resources, while keeping our customer service at the forefront. The combination will bring positive changes for our customers, employees, vendors, and everyone involved.”
Cale Kaczmarek, principal at Huron Capital, says, “Sunland’s newest partnership with Metro Pavers strengthens our position in the Colorado market while leveraging MPI’s leading position to drive expansion across key end markets.”
For the acquisition, Detroit-based Honigman served as legal advisor and Moss Adams served as financial diligence advisor to Sunland and Huron Capital.
, headquartered in metro Denver. Terms of the deal were not disclosed.){kind=link}