Rose Paving Acquires M&S Paving and Sealing

Rose Paving / November 01, 2023

BRIDGEVIEW, IL – Rose Paving has acquired M&S Paving and Sealing (M&S). Located in South Windsor, Conn., M&S is a pavement maintenance company with a successful history completing projects in Connecticut, Massachusetts, New York and Rhode Island. Rose Paving is a premier pavement services provider, based in the Chicago area, with facilities in Arizona, California, Colorado, Florida, Georgia, Illinois, Maryland, North Carolina, South Carolina, Tennessee and Virginia. All members of the M&S management team will remain with the company moving forward.

“We have worked closely with Joe and Steve Fradianni and their teams for years,” said Ed Campbell, President and Chief Executive Officer of Rose Paving. “They are a great addition to our family and our company. We look forward to growing together throughout Connecticut and New England.”

M&S President Steve Fradianni agrees.

“It’s a great day for us and the many fantastic employees who have helped us build M&S Paving and Sealing,” he said. “Having worked with Rose Paving for many years, we are delighted to be able to blend our team with theirs.”

M&S is the sixth acquisition Rose Paving has made since 2015 and the second since Tenex Capital Management invested in Rose Paving in November 2022.

About Rose Paving

Founded in 1974 and headquartered in Bridgeview, IL, Rose provides professional preventative and restorative pavement maintenance services to businesses through the United States, Canada and Puerto Rico. Rose performs its services nationally through its 12 offices and a network of alliance members. Rose delivers its services to retail, hospitality, health care and apartment companies with multiple locations. For additional information, please visit www.rosepaving.com.

About M&S

Brothers Joe and Steve Fradianni started their sealcoating business operating from a Volkswagen Beetle in 1981, with the help of their father Joseph Fradianni. M&S Paving and Sealing has been a family business ever since. With a customer-first focus, M&S has grown to be recognized as one of the top pavement maintenance companies in Connecticut. For additional information, please visit www.mspave.com.

About Tenex Capital Management

Tenex Capital Management is a private equity firm that invests in middle-market companies. Tenex uses an in-house team of hybrid investment professionals skilled in operational leadership, investing, and capital markets structuring to maximize long-term value creation. Tenex’s deep operating experience allows the firm to collaborate with management teams to capitalize on business and market opportunities. Tenex has successfully invested in a diverse range of industries, including industrials, business and tech-enabled services, healthcare, building products, and auto aftermarket, among others. For additional information, please visit www.tenexcm.com.