The sale, initially reported last week, produced a 65% IRR for the seller.
Blount International acquired the company for roughly $90 million in cash.
A portion of the new financing arrangement will go toward a $102 million dividend, the second from the portfolio company this year.
The acquisition of Kilgore Paving and Maintenance marks yet another add-on by the platform.
PwC report tracked deal volume at $8.5 billion last quarter for the segment.