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Construction & Engineering Services

P&S Paving has been acquired by Construction Partners

The successful acquisition of P&S Paving by Construction Partners, Inc. (CPI) has been completed.

Founded in 1993 and headquartered in Daytona Beach, Florida, P&S Paving is a roadway and infrastructure services platform providing asphalt paving and production, milling and resurfacing, site preparation, excavation and grading, underground utilities and concrete crushing throughout Northeast and Central Florida. The company generates the majority of its revenue from publicly funded projects.

CPI is a vertically integrated civil infrastructure company operating throughout the Sunbelt region, with locations in Alabama, Florida, Georgia, North Carolina, Oklahoma, South Carolina, Tennessee and Texas. With a market capitalization exceeding US$6.5 billion, CPI specializes in the construction, repair and maintenance of surface infrastructure, supported by its hot-mix asphalt plants, aggregate facilities and liquid asphalt terminals. Publicly funded projects represent most of its business and include local and state roadways, interstate highways, airport runways and bridges.

Oaklins TM Capital in the USA served as the exclusive financial advisor to P&S Paving in its sale to CPI.

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M&A sell-side

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“The sale of P&S Paving marked a defining moment in our company’s history, and Oaklins TM Capital was instrumental in making it a success. Their integrity, leadership and strategic guidance were evident from the onset of the engagement. The team approached every stage of the process with professionalism, transparency and a deep understanding of both our business and our goals. Their disciplined execution, clear communication and commitment to achieving the best outcome for all stakeholders set them apart. The team’s ability to navigate complex negotiations while maintaining respect and balance among all parties exemplified the highest standards of advisory excellence. Thanks to Oaklins TM Capital’s expertise and steadfast dedication, P&S Paving achieved an exceptional transaction result that reflects the strength of our company’s legacy and positions us for continued success in the industry.”

Tim Phillips

Co-Founder, P&S Paving

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Jarrad Zalkin

Managing Director

Boston, United States
Oaklins TM Capital

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Tabb Neblett

Associate Director

Atlanta, United States
Oaklins TM Capital

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Kevin Corcoran

Associate

Boston, United States
Oaklins TM Capital

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Joseph Kapur

Associate

Boston, United States
Oaklins TM Capital

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