Huron Named Construction Services Deal of the Year Winner
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Huron Capital began pursuing opportunities in the asphalt and paving sector two years ago, after identifying it as a fragmented industry ripe for consolidation with aging infrastructure and fundamentally strong tailwinds. On January 14, 2021, the Detroit private equity firm announced a new infrastructure services platform through its acquisition and recapitalization of
Sunland Asphalt & Construction Inc., a vertically integrated, market-leading asphalt producer and paving services provider serving the rapidly growing southwestern U.S. Two months later, Sunland bought its nearest rival.
Critical Support
While the asphalt and paving industry is seasonal in some regions, it is mostly year-round in the Southwest. The sector “provides critical support to the country’s essential transportation infrastructure and is therefore immune to most political, policy and regulatory fluctuations,”