Trivest Partners Portfolio Company Merges to Create Pave America

Paul, Weiss advised Trivest Partners, a leading private equity source for founder and family-owned businesses, in the combination of its portfolio company, Brothers National, LLC, with Pavement Partners Holding, LLC to create a new company, Pave America LLC. Pave America is a leading nationwide provider of asphalt and concrete solutions including maintenance, repair, milling, striping and sealcoating services to commercial, municipal and industrial customers, among others.

Trivest Partners and Shoreline Equity Partners, Pave America’s primary investors, will maintain dual control in Pave America going forward; Lincoln Road Global Management will retain minority equity ownership. Financial terms of the transaction were not disclosed.

The Paul, Weiss team included corporate partners Ted Ackerman, Amran Hussein, Aaron Schlaphoff and Maury Slevin, and counsel Jason Tyler; tax partners Scott Sontag and Patrick Karsnitz; executive compensation partner Rebecca Coccaro; litigation partner Aidan Synnott and counsel Steven Herzog and Peter Jaffe; real estate partner Peter Fisch; intellectual property partner Claudine Meredith-Goujon; antitrust counsel Yuni Sobel and Marta Kelly; and environmental counsel William O’Brien.