FOR IMMEDIATE RELEASE
December 5, 2024
Rose Paving Merges with Atlantic Southern Paving and Sealcoating, Expanding Nationwide Presence
Bridgeview, IL—In a historic moment for the paving industry, Rose Paving (“Rose”) announced it has merged with Atlantic Southern Paving (“ASP”) to create one of the largest self-performing paving companies in the United States. Rose Paving and ASP combine complementary geographic footprints and together create an expansive nationwide network with an unrivaled reach. The businesses are known for consistent, long-standing relationships while offering both national and regional expertise, and the combination will ensure new standards of quality and service in the paving industry.
Both companies have been built through an unwavering commitment to servicing clients, with customers trusting Rose Paving for over 50 years and ASP for more than 30 years. Over the last decade, each company has expanded through steady and deliberate organic growth as well as key acquisitions. This partnership now unites over 1,000 employees across 34 offices nationwide.
“We’re thrilled to join forces with the ASP team,” said Jaron Srain, President of Rose Paving. “Our geographic footprints complement each other, and our partnership will boost efficiencies and double our coverage to better serve our clients. The merger uniquely positions us to offer best-in-class paving solutions and superior service for years to come.”
This alliance brings together two of the most trusted names in paving, companies with shared values and a commitment to delivering outstanding customer service and quality work. The merger strengthens our national capabilities and leverages deep regional expertise to serve clients better.
Mike Curry Jr., CEO of ASP, expressed his excitement about the merger, stating, “This is a huge moment not only for the company that my family and team have built but for the entire paving industry. Rose and ASP will carry forward our legacies as one. I am eager to unite these companies to redefine the industry that we love.”
Harbor Beach Capital, ASP’s investment partner, will continue to invest alongside Tenex Capital Management, Rose Paving’s partner, to support the company’s continued growth and expansion nationwide.
About Rose Paving
Founded in 1974 and headquartered in Bridgeview, IL, Rose provides professional preventative and restorative pavement maintenance services to businesses throughout the United States, Canada, and Puerto Rico. Rose delivers its services to retail, hospitality, health care, and apartment companies in multiple locations. For additional information, please visit rosepaving.com/.
About Atlantic Southern Paving
Based in Sunrise, Florida, Atlantic Southern Paving has provided expert paving services throughout the southern United States for decades. The company is dedicated to quality workmanship and outstanding customer care. Atlantic Southern Paving has built long-standing relationships with clients across the region, making it a trusted partner for asphalt maintenance and repair. Their family of businesses includes Murphree Paving, Emerald Paving, C&T Paving, Superior Blacktop Services, Pavement Exchange Group, Massey Asphalt Paving, Black Diamond Paving, Paradise Pavement Maintenance, and Property Paving. For additional information, please visit www.atlanticsouthernpaving.com/our-family-of-companies/.
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 various industries, including diversified industrials, business and tech-enabled services, and healthcare. For additional information, please visit www.tenexcm.com.
Harbor Beach Capital
Harbor Beach Capital is a private equity firm specializing in control investments in middle-market companies. They partner with and align their interests alongside talented management teams to help companies reach their full potential and create long-term value. Harbor Beach takes an active approach, committing the necessary resources to each investment to drive growth and operational efficiencies. For more information, please visit www.harborbeachcapital.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.
