Soundcore Capital Partners, a New York-based private equity firm, acquired Asphalt Solutions, Inc., an Indianapolis, IN-based provider of asphalt and concrete maintenance and repair services for commercial and multi-family homeowner association customers.
The amount of the deal was not disclosed. This acquisition represents the third investment in Soundcore’s commercial paving platform, ACI Holdings Group (“ACI”) and is a major step forward in increasing ACI’s commercial paving footprint within the Midwest. ACI, under the leadership of Soundcore, is actively exploring both organic growth and strategic acquisition opportunities.
Founded by Chad McIntyre, Asphalt Solutions is a leader for asphalt and concrete repair services within the broader Indianapolis market. Under McIntyre’s leadership, Asphalt Solutions has developed a reputation for high quality self-perform commercial paving services that include asphalt, concrete, sealcoat, crack repair, and pothole repair.
McIntyre and each of his employees will remain with Asphalt Solutions post transaction.
FinSMEs
28/08/2023