FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--Atlantic Southern Paving and Sealcoating, a premier national commercial paving company headquartered in Fort Lauderdale, FL, announced today that it has acquired Property Paving, Inc., a full-service concrete and asphalt paving contractor serving the Dallas - Fort Worth market. The acquisition will enhance Atlantic Southern's presence in the DFW Metroplex and provide customers with a wider range of paving services.
“We are very excited to kick off 2023 by welcoming Property Paving to our Atlantic Southern team," said Michael J. Curry Jr, CEO of Atlantic Southern. "Their reputation and history in the area, partnered with our strategic vision, will open the door for our capabilities in Texas. In addition, this acquisition provides a bridge to connect our self-performing operations across most of the Sunbelt region of the U.S.”
Property Paving was established in 2002 and has been providing concrete and asphalt paving services to the DFW Metroplex for over 20 years. David Wooldridge, President of Property Paving, has 35 years of experience in the paving industry. Their expertise and strong reputation in the region made it a natural fit for Atlantic Southern.
“I am thrilled that Property Paving is joining the ASP Family of Companies. We look forward to the opportunity to expand not only our customer base locally but ASP’s nationally. The added growth for our DFW operation as well as the ability to service the national brands with our existing personnel will further enhance our customer relations along with our reputation in the commercial paving sector. Our entire team is extremely excited about being an integral part of the Atlantic Southern Paving Team,” said David Wooldridge, President of Property Paving.
The acquisition of Property Paving is the ninth transaction completed by Atlantic Southern, and its first acquisition in the growing Texas market, under its partnership with Harbor Beach Capital, a middle-market private equity firm with a proven track record of driving organic and acquisition growth in middle-market businesses. This latest acquisition is well aligned with Harbor Beach and Atlantic Southern's shared commitment of expanding the geographic footprint of the company through organic growth initiatives combined with selective strategic acquisitions.
About Atlantic Southern Paving and Sealcoating:
Atlantic Southern Paving and Sealcoating is a premier national commercial paving company headquartered in Fort Lauderdale, FL. The company specializes in commercial asphalt and concrete paving, as well as pavement maintenance and repair. With a team of experienced professionals and state-of-the-art equipment, Atlantic Southern is committed to providing high-quality paving services to customers across the country.
About Harbor Beach Capital:
Harbor Beach Capital is a private equity firm specializing in control investments in middle-market companies. Harbor Beach partners and aligns interests with talented management teams to help companies reach their full potential and create long-term value. Taking an active approach, Harbor Beach commits the required resources to each investment to help drive growth and operating efficiencies.
About Property Paving, Inc.:
Property Paving, Inc. is a full-service concrete and asphalt paving contractor serving the DFW Metroplex. The company was established in 2002 and has been providing paving services to the region for over 20 years. With a team of experienced professionals who specialize in concrete paving, asphalt paving, and pavement maintenance, Property Paving has built a strong reputation for quality and customer service in the region.