Huron Capital s Sunland Asphalt Gains Scale with the Acquisition of Ace Asphalt
Sunland and Ace expand services as operations are merged; strengthening the combined company s industry position and expanding its geographic presence
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DETROIT, March 8, 2021 /PRNewswire/ Huron Capital Partners LLC ( Huron Capital ), a prominent lower middle-market private equity firm, announced today that it has acquired ACE Asphalt of Arizona, Inc. ( Ace ) with plans to merge the company with its infrastructure services platform Sunland Asphalt & Construction, Inc. ( Sunland ), a leading asphalt producer and paving solutions provider based in Phoenix, Arizona.
Founded in 1966, Phoenix-based Ace provides parking lot maintenance & repair and comprehensive site development services for paved and concrete surfaces in five southwestern states: Arizona, Texas, Nevada, New Mexico and Oklahoma.