MINNEAPOLIS, July 10,
2024 /PRNewswire/ -- Heartland Paving Partners
("Heartland"), a leading provider of commercial asphalt and
concrete maintenance and repair services, is proud to announce the
acquisition of Professional Paving and Concrete, a well-respected
paving contractor serving the Chicagoland market. This acquisition
marks a significant milestone for Heartland Paving Partners as it
expands its growing footprint with its sixth acquisition and taps
into the region's highly attractive paving maintenance market.
Founded in 1982, Professional Paving and Concrete has been a
cornerstone in the industry for over forty years, providing a
comprehensive range of paving services to primarily commercial, and
industrial clients. The company will continue to operate under the
leadership of its founder, Alex
Demos, ensuring continuity and maintaining the high
standards of service that clients have come to expect.
"We are thrilled to welcome Professional Paving and Concrete to
the Heartland family," said Rick
Barrett, CEO of Heartland Paving Partners. "This acquisition
not only allows us to enter the attractive Chicagoland market but
also aligns perfectly with our strategic vision of concentrating
high-performing assets throughout the upper Midwest. Alex and his
team bring a wealth of experience and a proven track record of
success, which will be invaluable as we continue to expand our
business."
Alex Demos, Founder and CEO of
Professional Paving and Concrete, expressed his enthusiasm for the
partnership, stating, "The entire Professional Paving team and I
are excited to join forces with Heartland Paving Partners. While we
have built a tremendously successful company over the past four
decades, we are always striving for new heights. Partnering with
Heartland provides us with the resources and support needed to
achieve our ambitious goals."
About Heartland Paving Partners
Heartland Paving Partners is a leading provider of commercial
asphalt and concrete maintenance and repair services across the
upper Midwest. Committed to excellence and customer satisfaction,
Heartland delivers high-quality solutions and fosters strong
partnerships within the industry. Heartland is a platform
investment of Soundcore Capital Partners. For more information,
please visit www.heartlandpavingpartners.com
Heartland Paving Partners is actively seeking additional
acquisitions. If you would like to join our partnership, please
contact Alex Bues for additional
information at abues@soundcorecap.com.
About Professional Paving and Concrete
Professional Paving and Concrete, founded in 1982, is a trusted
provider of paving services in the Chicagoland area. With over
forty years of experience, the company serves residential,
commercial, and industrial clients, offering a wide range of
services from new construction to maintenance and repair. For more
information, please visit www.wepavetheway.com
About Soundcore
Soundcore Capital Partners was founded in 2015 by Jarrett Turner and is based in New York, NY. Soundcore is a thesis-driven
private equity firm that specializes in buy-and-build investments
in the lower middle-market that are headquartered in the United States and Canada. Soundcore has completed 93
acquisitions across eleven platforms and focuses primarily on
business & outsourced services, industrial services, specialty
manufacturing, and value-added distribution sectors. For more
information, please visit www.soundcorecap.com
Media Contact:
Tyler Messenger, CPA
Senior Financial Analyst
tmessenger@heartlandpavingpartners.com
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SOURCE Heartland Paving Partners