Go to deals
Private Equity | Business Support Services | Construction & Engineering Services

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.

Parties

Talk to the deal team

Allan C. Cruickshanks

Managing Director
Atlanta, United States
Oaklins TM Capital

Jarrad Zalkin

Managing Director
Boston, United States
Oaklins TM Capital

Jordan Cleare

Associate Director
Atlanta, United States
Oaklins TM Capital

Greg Berube

Associate
Boston, United States
Oaklins TM Capital

Reid Balser

Analyst
New York, United States
Oaklins TM Capital

Related deals

HC Partners has successfully secured debt financing for the acquisition of West Friesland Dakbedekkingen
Private Equity | Construction & Engineering Services

HC Partners has successfully secured debt financing for the acquisition of West Friesland Dakbedekkingen

Dutch private equity firm HC Partners has formed a strategic partnership with West Friesland Dakbedekkingen B.V. (WFD). This marks HC Partners’ entry into the roofing sector, with plans to build a national platform of regional roofing specialists.

Learn more
Micro Nav and Global ATS have been acquired by Indra Sistemas S.A.
Business Support Services

Micro Nav and Global ATS have been acquired by Indra Sistemas S.A.

Indra Sistemas S.A. strengthens its leadership in global air traffic management (ATM) with the acquisition of 100% of the share capital of Micro Nav and Global ATS from UK-based Quadrant Group. This acquisition enhances Indra’s industry-leading capabilities, solidifying its position as a global player in the air traffic control and management market.

Learn more
Canada’s Best Store Fixtures has been acquired by LSI Industries
Business Support Services

Canada’s Best Store Fixtures has been acquired by LSI Industries

The acquisition of Canada’s Best Store Fixtures has been successfully completed by LSI Industries to expand its capabilities, geographic reach and market presence, particularly in Canada. CBSF’s expertise and customer relationships complement LSI’s portfolio, creating opportunities for cross-selling and supporting growth in the grocery, quick service restaurant (QSR) and specialty retail sectors.

Learn more