Rose Paving Acquires Paving Associates, LLC

Rose Paving / January 28, 2025

BRIDGEVIEW, IL – Rose Paving has acquired Paving Associates, LLC (“Paving Associates”). Located just outside of New York City, Paving Associates is a pavement maintenance company with a successful history completing projects throughout the greater New York Metropolitan area. Rose Paving is a premier pavement services provider, based in the Chicago area, with facilities in Arizona, California, Colorado, Connecticut, Florida, Georgia, Illinois, Indiana, Maryland, North Carolina, South Carolina, Tennessee, Texas, and Virginia.” All members of the Paving Associates team will remain with the company moving forward.

“We have worked closely with Tim and his team for years,” said Ed Campbell, Chief Executive Officer of Rose Paving. “This partnership is an excellent step towards our goal of creating more density along the Atlantic coast.”

Tim Lubniewski and his team have a similar perspective.

“Rose has been a trusted partner for years and we’re thrilled to make this official. Between our operational expertise and Rose’s relationships, we are confident in our ability to deliver unparalleled service and quality to property owners throughout this marketplace.”

Paving Associates is the eighth acquisition Rose Paving has made since 2015 and the fourth 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 Paving Associates:
Tim Lubniewski has extensive experience as a trade contractor, and over the last two decades, has built and grown Paving Associates into highly reputable brand for property owners in the greater New York market. Tim’s focus has always been operational quality and efficiency, which has led to loyal customers and sustained growth.

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