Lincoln Road Global Management LLC, a private equity firm focused on lower middle-market companies, and Trivest Partners have partnered with Brothers Paving & Concrete, a provider of asphalt, concrete, striping and all related essential parking lot services and roadway maintenance. Brothers will lead Lincoln Road and Trivest’s existing investment in Landmark Paving.
Brothers Paving, founded in 1985 and based in Manassas, Virginia, will continue to be led by its management team. Paul Battista will continue to serve as CEO of Brothers Paving & Concrete, and will also serve as CEO of the holding company, which will adopt the Brothers Paving name.
“Paul and his team have built a best-in-class company with a well-recognized national brand because of their strong focus on customer service and ability to consistently deliver high quality asphalt paving, concrete repair, and related maintenance services,” said Jeff Magny, Founder and Managing Partner of Lincoln Road. “We’re excited to support this transaction that positions Brothers to expand into attractive and new high growth geographies.”
“I am proud of Brothers’ success to date. Our accomplishments are primarily the result of the tireless efforts of our dedicated team members and unrivaled focus on reliable customer service,” said Battista, “Partnering with Lincoln Road and Trivest will enable us to accelerate our growth through continued investment in our customers, employees, technology, and geographic footprint. More importantly, Lincoln Road and Trivest understand the Brothers culture and share our vision to continue building Brothers the right way – People, Partnering, Precision, and Professionalism. World-class service, while building better communities.”
Holland & Knight LLP acted as legal advisor to Lincoln Road for the investment.