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Richmond, Virginia – August 25, 2022 – Pavement Partners Holding, LLC (“Pavement Partners”) has partnered with Cincinnati Asphalt (“Cincinnati”) a leading provider of asphalt and concrete solutions including maintenance, repair, milling, and sealcoating services to commercial, municipal, and industrial customers. Headquartered in Cincinnati, Ohio, Cincinnati Asphalt is one of the premier pavement service providers across Greater Cincinnati, Southeast Indiana, and Northern Kentucky. This acquisition, the 8^th completed since the formation of Pavement Partners, is the first outside of the company’s current base of operations spanning from Maryland to Florida. Joey Madden will continue running Cincinnati Asphalt and will be instrumental in growing operations across the current and contiguous markets that the company serves.

Tom York, CEO of Pavement Partners, said “Joey and his team have a stellar reputation for delivering exceptional service that’s respected and recognized across the industry. The company has rapidly taken market share since 2011 and delivers high quality services across a diversified customer base. As we continue exploring opportunities to expand nationally, Cincinnati Asphalt was a perfect fit for the platform we are building at Pavement Partners.”

Joey Madden, CEO of Cincinnati, said, “I’ve been following Pavement Partners for the past year as they have partnered with some of the industry’s best-in-class pavement repair & maintenance providers across the East Coast. As I contemplated the next phase of continued growth for Cincinnati Asphalt, I wanted to find a group that not only knows the pavement industry, but would also value my team the same way I have. From our first discussion, it became very evident that Pavement Partners was the right partner for our team as they continue assimilating industry leading companies and CEOs across the country. We are unbelievably excited to be a part of the broader strategy and look forward to leveraging their capabilities to expand Cincinnati Asphalt while continuing to deliver the high-quality service and finished product to our customers that we are well known for.”

About Pavement Partners

Pavement Partners is a leading provider of asphalt and concrete solutions including maintenance, repair, new paving, milling, and sealcoating services. With over 400 employees, Pavement Partners serves a diversified customer base across Washington D.C., Virginia, Maryland, North Carolina, South Carolina, West Virginia, Georgia, and Florida including HOA properties, regional retailers, commercial customers, industrial properties, and municipalities. For more information, please visit www.pavement-partners.com.

About Shoreline

Shoreline is a lower middle market private equity firm focused on actively partnering with leading management teams. Shoreline follows a total stakeholder model, meaning success should be a “win-win” proposition for shareholders, employees, customers, vendors, and the communities within which the Firm’s companies operate. Shoreline professionals believe in honesty, incentive alignment, and creating bigger, better businesses without relying on financial engineering or cost cutting to generate returns. Investing out of the Firm’s inaugural $300 million fund, Shoreline seeks to lead equity investments of up to $100 million per transaction in support of buyouts, recapitalizations, and corporate divestitures. Targeted businesses have enterprise values ranging from $25 million to $250 million and EBITDA of $3 million to $25 million. The Firm strives to partner with management teams of businesses primarily within the specialized manufacturing, value-added distribution, and business and facility services sectors, among others. For more information, please visit www.shorelineequitypartners.com.

Richmond, Virginia – January 18, 2022 – Pavement Partners Holding, LLC (“Pavement Partners”) has acquired Turner Asphalt (“Turner”) and Chamberlain Contractors (“Chamberlain”). Both companies are leading providers of asphalt and concrete solutions including maintenance, repair, milling, and sealcoating services to commercial and municipal customers. Headquartered in Raleigh, North Carolina, Turner is one of the premier pavement service providers primarily in North Carolina, South Carolina, and Virginia. Headquartered in Laurel, Maryland, Chamberlain is one of the leading pavement service providers in Washington D.C., Virginia, Maryland, and West Virginia. The combination of Turner and Chamberlain further solidifies Pavement Partners as one of the largest pavement repair and maintenance service providers in the Southeast and Mid-Atlantic regions. Wayne Turner, CEO of Turner, and Harold Green, CEO of Chamberlain, will continue to maintain active leadership roles going forward.

Tom York, CEO of Pavement Partners, said “Wayne, Harold, and their respective teams, have built best-in-class businesses with strong brand recognition in our core footprint. Following the two acquisitions, Pavement Partners is now one of the leading pavement repair and maintenance service providers in our regions. Both Wayne and Harold are perfect additions to our platform due to their strong customer base, focus on service, and extensive expertise in the space. The acquisitions will allow us to further penetrate Maryland and expand into North Carolina and South Carolina as we look to grow nationally.”

Wayne Turner, CEO of Turner, said, “From the start, Turner Asphalt has been focused on providing our customers with high-quality service in three states across the Mid-Atlantic and Southeast. After meeting Tom and the Pavement Partners team, it became clear to me that they had the same passion for growth and excellence that has made Turner Asphalt what it is today. Becoming part of the Pavement Partners team is an exciting opportunity to meet the challenges of the future while continuing to provide first rate service to our existing customer base. We are looking forward to expanding Turner Asphalt as part of the Pavement Partners platform.”

Harold Green, CEO of Chamberlain, said, “After working in the pavement and concrete business for decades and founding the Pavement Network, I have interacted with numerous pavement repair and maintenance service providers. Following our first meeting, I knew that Pavement Partners was building a unique platform that would help Chamberlain maintain its exceptional service while expanding its footprint. I am very excited about the partnership as we look to expand the platform.”

About Pavement Partners
Pavement Partners is a leading provider of asphalt and concrete solutions including maintenance, repair, new paving, milling, and sealcoating services. With over 350 employees, Pavement Partners serves a diversified customer base across Washington D.C., Virginia, Maryland, North Carolina, South Carolina, West Virginia, Georgia, Tennessee, and Florida including HOA properties, regional retailers, commercial customers, and municipalities. Since its formation, Pavement Partners has acquired Finley Asphalt & Concrete, Dominion Paving & Sealing, Turner Asphalt, and Chamberlain Contractors with plans to expand nationally.

Manassas, Virginia (July 1, 2021) – Pavement Partners Holding, LLC (“Pavement Partners”) in partnership with Shoreline Equity Partners (“Shoreline”) and Finley Asphalt & Concrete, LLC (“Finley”) is delighted to announce the formation of Pavement Partners Holding, LLC! Pavement Partners was formed by Shoreline and Tom York to create a platform to acquire pavement repair and maintenance providers across the broader United States. Headquartered in Manassas, Virginia, Finley is a leading provider of asphalt and concrete solutions including maintenance, repair, new paving, milling, and sealcoating services to customers in Washington D.C., Virginia, Maryland, and North Carolina. For the last 25 years, Finley has been run by Erick and Lewis Finley who will both maintain active leadership roles going forward. Tom York will be joining as the CEO of Pavement Partners and will lead the Company’s efforts to expand nationally through acquisitions and organic growth initiatives.

Tom York, CEO of Pavement Partners and a member of Shoreline’s Executive Advisory Board, said “Our partnership with the Finley’s is the culmination of a year-long search in the pavement repair and maintenance sector. From our first meeting with the Finley’s, we immediately knew that they would be great partners in building this platform due to their extensive expertise, integrity, and reputation. After spending 25+ years in the facility services’ space, I am excited to execute on our growth plans to build a national pavement repair and maintenance provider delivering exceptional service and high-quality work to our customers.”

Erick Finley, CEO of Finley, said, “We are thrilled about our partnership and formation of Pavement Partners with Tom. This will allow us to continue to grow Finley in our core geographies and accelerate expansion into new markets across the country. From the beginning, Tom was transparent and delivered on their word throughout every step of the process. Our partnership with Pavement Partners will allow us to make strategic acquisitions in new geographies to service our customers throughout the country.”

Lewis Finley, President of Finley, said, “We are very excited about our new partnership with Pavement Partners and Tom as they share our vision for the future of Finley and the broader platform. As we grow, we will continue to remain committed to holding ourselves to the highest standards on job quality, service, and customer satisfaction.”

About Finley Asphalt & Concrete, LLC

Headquartered in Manassas, VA, Finley is the leading provider of asphalt and concrete solutions including maintenance, repair, new paving (asphalt and concrete), milling, and sealcoat services. With over 55 years in the paving industry and over 200 employees, Finley serves a diversified customer base across Washington D.C., Virginia, Maryland, and North Carolina including HOA properties, regional retailers, commercial customers, and municipalities. Finley is driven by the vision of “Your Project, Our Passion”. To learn more, visit Finley Asphalt.com. 

About Pavement Partners

Pavement Partners is a leading provider of asphalt and concrete solutions including maintenance, repair, new paving, milling, and sealcoating services. With over 200 employees, Pavement Partners serves a diversified customer base across Washington D.C., Virginia, West Virginia Maryland, and North Carolina including HOA properties, regional retailers, commercial customers, and 

Purcellville, Virginia – August 16, 2021 – Pavement Partners Holding, LLC (“Pavement Partners”) has acquired Dominion Paving & Sealing (“Dominion” or together with Pavement Partners, the “Company”). Headquartered in Purcellville, Virginia, Dominion is a leading provider of asphalt and concrete solutions including maintenance, repair, milling, and sealcoating services to customers in Washington D.C., Virginia, West Virginia, and Maryland. The CEO of Dominion, Dave Campbell, will maintain an active leadership role going forward. Dominion represents the first add-on acquisition following the formation of Pavement Partners through the recapitalization of Finley Asphalt and Concrete (“Finley”). The combination of Finley and Dominion establishes Pavement Partners as one of the largest pavement repair and maintenance service providers in Washington D.C., Virginia, Maryland, West Virginia, and North Carolina.

Tom York, CEO of Pavement Partners, said “From our first meeting with Dave, we knew that Dominion would be a great addition to our platform due to their strong customer base, focus on service, and extensive expertise in the space. The acquisition will allow us to better serve the DC metro area and expand into nearby territories.”

Dave Campbell, CEO of Dominion, said, “We are excited about our partnership with the Company, Tom, and the Finley’s as we look to expand the Pavement Partners platform. From the beginning, it was clear that they shared the same values and vision in delivering high-quality service to meet all of our customer’s needs. I am excited to join the platform and help Pavement Partners grow nationally while also continuing to service our long-tenured customer base.”

About Pavement Partners

Pavement Partners is a leading provider of asphalt and concrete solutions including maintenance, repair, new paving, milling, and sealcoating services. With over 200 employees, Pavement Partners serves a diversified customer base across Washington D.C., Virginia, West Virginia Maryland, and North Carolina including HOA properties, regional retailers, commercial customers, and municipalities. Since its formation, Pavement Partners has acquired Finley Asphalt & Concrete and Dominion Paving & Sealing with plans to expand nationally.