Pavement Partners Holding LLC has acquired Dominion Paving & Sealing. Headquartered in Purcellville, Virginia, Dominion is a provider of asphalt and concrete services including maintenance, repair, milling, and sealcoating services to customers in Washington D.C., Virginia, West Virginia, and Maryland. Dominion represents the first add-on acquisition following Shoreline Capital’s formation of Pavement Partners through the recapitalization of Finley Asphalt and Concrete.
Mike Hand, managing partner at Shoreline, said, “Dave and his team have built an incredible business with strong brand recognition throughout their markets. Immediately following our partnership with Erick and Lewis Finley, we felt that Dominion would be a perfect fit for the platform we are building at Pavement Partners. The acquisition allows us to gain significant market share in our core markets as we now look to expand across the Southeast and nationally.”
Tom York, CEO of Pavement Partners, said, “From our first meeting with Dave, we knew that Dominion would be a great addition to our platform due to their strong customer base, focus on service, and extensive expertise in the space. The acquisition will allow us to better serve the DC metro area and expand into nearby territories.”
Dave Campbell, CEO of Dominion, said, “We are excited about our partnership with Shoreline, Tom, and the Finley’s as we look to expand the Pavement Partners platform. From the beginning, it was clear that they shared the same values and vision in delivering high-quality service to meet all of our customers’ needs. I am excited to join the platform and help the Company grow nationally while also continuing to service our long-tenured customer base.”