Halstatt Legacy Partners Announces Satterfield Paving Add-on Acquisition

Satterfield Paving Completes Purchase of Triangle Traffic Painting in Durham, N.C.

NAPLES, Fla.--(BUSINESS WIRE)--Halstatt Legacy Partners, a lower-markets acquisition firm, today announced that portfolio company Satterfield Paving acquired Triangle Traffic Painting to bolster its suite of paving solutions. Terms of the transaction were not disclosed.

“Halstatt Legacy Partners can provide our entrepreneur partners with capital for both new acquisitions and add-ons. Our partners continue to evaluate several opportunities to acquire companies in need of leadership transition, and we were happy to support John Strenkowski and Satterfield Paving in this acquisition,” said W. Shannon Jones, Managing Director, Halstatt Legacy Partners. “Despite the recent market disruption, we remain committed to acquiring healthy businesses in partnership with experienced entrepreneurs who assume day-to-day management from a retiring owner, and to holding them for the long term.”

“We are excited to offer Triangle Traffic Painting’s considerable expertise in striping and other paving maintenance services to Satterfield’s customers,” said John Strenkowski, President, Satterfield Paving. “This new addition will move us closer to our goal of being our customers’ preferred partner for all concrete and asphalt paving and maintenance needs.”

Founded in 1974 and headquartered in Durham, N.C., Satterfield Paving provides concrete and asphalt paving services to the greater Raleigh, Durham, and Greensboro, N.C. areas. Triangle Traffic Painting provides striping and pavement maintenance services throughout central North Carolina. Moving forward, the combined companies will conduct operations from Satterfield Paving’s headquarters. www.satterfieldpaving.com

About Halstatt Legacy Partners

Halstatt Legacy Partners family-owned acquisition company based in Naples, FL, acquires companies to hold for the long term and does so in partnership with experienced entrepreneurs who assume day-to-day management from a retiring or transitioning owner. Our preference for transitioning leadership, and our focus on retaining employees and protecting customer, supplier, and community relationships, makes Halstatt Legacy Partners the ideal solution for a seller interested in safeguarding his or her legacy. Halstatt Legacy Partners’ mission is to achieve a quick, mutually beneficial transaction by serving as the sole source of capital and communicating honestly and directly throughout the acquisition process. www.halstattlegacy.com