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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.
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Huron Capital asphalt platform company gains scale with new acquisition
Sunland Asphalt
“Given its fragmentation and strong secular tailwinds, infrastructure services is an area we’ve been targeting for several years,” Huron Capital Managing Partner Jim Mahoney said in the news release announcing the acquisition.
Huron Capital Partners LLC has begun to leverage the acquisition of a Sun Belt region asphalt company it bought earlier this year.
The Detroit-based private equity firm announced Monday that its Arizona-based infrastructure services platform company, Sunland Asphalt & Construction Inc., has acquired Ace Asphalt of Arizona Inc. The Phoenix-based Ace does parking lot maintenance and overall site development services around the Southwest region.
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Marie Tippit, widow of police officer J.D. Tippit who was slain during the search for President John F. Kennedy s assassin, is led weeping from Beckley Hills Baptist Church in Dallas after funeral services for her husband on Nov. 25, 1963.
Marie Tippit, the widow of the Dallas police officer killed by Lee Harvey Oswald about 45 minutes after the assassination of President John F. Kennedy, has died. She was 92.
Tippit died Tuesday at a hospital in the East Texas city of Sulphur Springs after being diagnosed with pneumonia following a positive test for COVID-19, said her son, Curtis Tippit, 62. He said his mother also suffered from congestive heart failure.
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