Lower-middle-market private equity firm Huron Capital has announced that, in partnership with senior management, it has recapitalized Sunland Asphalt & Construction Inc., an asphalt producer and paving services provider.
Sunland’s services include asphalt repairs, sealcoating, reconstruction, paving, earthwork and grading, as well as concrete, utility adjustments and underground wet utilities. The company also owns and operates several hot-mix asphalt plants.
“Over the past four decades, Doug DeClusin and his team have built Sunland into an impressive company with more than 500 employees across four states,” said Jim Mahoney, managing partner at Huron Capital. “We believe we can help Sunland continue to gain market share in new and existing markets by expanding both commercial and government customer relationships as well as expanding its reach through M&A. We look forward to pursuing these strategies together.”