Vicour is pleased to announce the acquisition of Pavement Corporation. Headquartered in Waldorf, Maryland, Pavement Corp. provides paving and exterior hard surface assessment, consulting, installation and maintenance services for its clients’ roadways, parking lots and other paved surfaces in Delaware, Maryland, Virginia, West Virginia and the District of Columbia. Pavement Corporation supports the ongoing service needs of large commercial property owners, multi-family residential property owners, and Departments of Public Works for municipalities and counties.
Combining General Partners with significant transaction experience and Operating Capital Partners with deep managerial expertise, Vicour’s unique approach to acquiring and transitioning private companies delivers both capital and management to each company it acquires. As a long-term owner, Vicour is focused on enhancing the success of its companies through investment, professionalization and a long-horizon strategic view. The acquisition of Pavement Corporation further expands Vicour’s portfolio of businesses headquartered in the Mid Atlantic.
“By offering the founders of Pavement Corporation a compelling alternative to both purely strategic and/or financial buyers, Vicour represented a path that achieved the seller’s financial goals while ensuring a bright future for this terrific company. Vicour look forward to partnering with the existing management team to enhance the strategic capabilities of the company and continue to drive its growth,” said Vicour Partner Jim Seba.
Mike Mussog, CEO of Pavement Corporation said, “We are tremendously excited to partner with Vicour to accelerate our growth in the Mid Atlantic and broaden the range of services we provide our commercial and governmental customers. Looking to the future, we see significant new opportunities for continued expansion as we work with our new partners to drive both geographic and strategic growth.”
Vicour is a unique participant in the middle market through which companies, capital and management combine to safeguard businesses in transition and maximize their long-term potential, facilitated by thoughtful stewardship and commitment. For more information regarding Vicour’s target profile and other portfolio companies, please visit www.vicour.com.
