BRIDGEVIEW, IL – Rose Paving has acquired Marathon Solutions Group, LLC (“Marathon”). Located just North of Houston, TX, Marathon is a pavement maintenance company with a successful history completing projects throughout the state of Texas. 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, Virgina and Connecticut. All members of the Marathon management team will remain with the company moving forward.
“We have worked closely with Zach and his team for years,” said Ed Campbell, Chief Executive Officer of Rose Paving. “This partnership is an excellent step towards our goal of expanding throughout the state of Texas.”
Zach Lovett and the Marathon team have a similar perspective.
“Rose has been a partner of Marathon’s for years. Through this transaction, our employees, customers and future are in great hands as we join forces with one of the nation’s top contractors. We are thrilled for the future.”
Marathon is the seventh acquisition Rose Paving has made since 2015 and the third 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 rosepaving.com/.
About Marathon
Zach Lovett and Mark Estrada started striping parking lots throughout Texas in the early 2000’s. Through a lot of grit and optimism, they built the company into a customer-first pavement maintenance business based out of Houston but serving Texas. As the operation grew, they added Marty Harris, who came with years of industry experience, to lead the paving division. The team has formed a culture focused on employees, customers and quality work.
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.
Terry Smith is the Chief Operating Officer at Rose Paving and a seasoned expert in the paving industry. With decades of hands-on experience, he leads operations with a focus on quality, efficiency, and customer satisfaction.
