Pavement Maintenance Group has been acquired by Renovo Capital
LKCM Headwater Investments has sold Pavement Maintenance Group (PMG), one of its portfolio companies, to Renovo Capital.
PMG provides comprehensive solutions for the aftermarket repair, maintenance and enhancement of pavement and other specialty surfaces. The company manufactures and distributes sealcoat, crack sealant, pavement markings and traffic management products as well as related equipment, tools and accessories via a unique one-stop shop model. PMG’s business includes franchise locations for SealMaster, the leading pavement maintenance solutions brand in the USA, together with selected proprietary solutions.
Renovo Capital is a Dallas, Texas-based middle market private equity firm focused on control investments in technical businesses that have the potential to generate meaningful value through operational improvements and strategic initiatives.
LKCM is a subsidiary of Luther King Capital Management, a Fort Worth, Texas-based investment firm with over US$27 billion in assets under management. The company has a long history of successfully scaling value-added distributors and other middle market platforms.
Oaklins TM Capital in the USA served as the exclusive financial advisor to PMG, a portfolio company of LKCM.
Talk to the deal team
Allan C. Cruickshanks
Oaklins TM Capital
Jordan Cleare
Oaklins TM Capital
Related deals
Den Berk Délice accelerates growth through strategic partnership
Den Berk Délice, a leading Belgian grower of specialty tomatoes, has entered a strategic partnership with Egeria, an independent investment firm, to realize its next growth phase.
Learn moreXiel Limited has been acquired by MIS Healthcare
MIS Healthcare, a leading distributor in medical imaging, has successfully acquired Xiel Limited. This strategic acquisition merges MIS Healthcare’s extensive radiotherapy portfolio with Xiel’s specialized expertise in nuclear medicine, radiotherapy and diagnostic radiology. The merger strengthens both companies’ positions in the rapidly growing fields of oncology and nuclear medicine, promising to deliver exceptional value to the healthcare community in the UK and Ireland.
Learn moreMicrofinanciera Fundeser has been sold to Grupo Financiero Atlántida
Incofin has successfully exited its investment in Microfinanciera Fundeser in Nicaragua through two of its funds: Rural Impulse Fund II (RIF II) and agRIF. It has sold 100% of its stake in Microfinanciera Fundeser to Grupo Financiero Atlántida through its subsidiary, Inversiones Tres Lagos.
Learn more