Warrenton, Virginia – July 25, 2024 – Pave America, LLC (“Pave America”), the nation’s leading provider of paving and concrete maintenance services, is excited to announce a strategic partnership with Platinum Paving & Concrete LLC (“Platinum”) of Savannah, GA. This collaboration positions Pave America as the premier industry leader across the Southeastern US and the Atlantic seaboard. This alliance allows Pave America to enter Georgia’s second largest metro market. It also gives the combined organizations the capability to strengthen and expand their combined presence in both South Carolina and north Florida. Chris Boswell, CEO of Platinum, and his management team will continue to lead Platinum, playing a crucial role in expanding operations as Pave America aims to become the top provider in the Savannah market and contiguous areas.

Chris Boswell, CEO of Platinum, said, “We are thrilled about our partnership with Pave America, which will help us achieve Platinum’s ambitious growth objectives. What once seemed like a distant goal is now a reality. This collaboration marks the beginning of an incredible expansion journey in this market and neighboring areas, benefiting not only Platinum but the entire Pave America platform.”

Tom York, CEO of Pave America, said, “We recognize Chris as the leading force in Savannah. We’ve been closely monitoring this market due to its recent growth trends, and it strategically positions us to also serve South Carolina and northern Florida, which are on similar growth paths. We are eager to support Chris and his team in achieving their ambitious growth targets.”

Paul Garner, President of Pave America, said, “We delighted to partner with Chris and his team at Platinum and welcome them into our organization. Chris’s success story is one we aspire to replicate across our platform. We look forward to enhancing their growth and learning from their expertise as our combined organizations reach new heights.”

About Pave America

Pave America is a leading provider of asphalt and concrete solutions including maintenance, repair, milling, striping, and sealcoating services. With over 38 partner companies and over 2,500 employees, Pave America has nationwide coverage through an extensive self-perform and outsourced vendor model. The Company primarily serves commercial, industrial, HOA, utility, and municipal customers. For more information, please visit www.paveamerica.com.

About Shoreline Equity Partners

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. With over $750 million of committed capital under management, Shoreline seeks to lead equity investments of up to $150 million per transaction in support of buyouts, recapitalizations, and corporate divestitures. Targeted businesses have enterprise values ranging from $50 million to $350 million and EBITDA of $5 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.​​​​​​​​​​​​​​

About Trivest Partners

Founded in 1981, Trivest Partners is one of the oldest private investment firms in the United States. For over four decades, Trivest has built its entire business model around helping founder-owned businesses transition and realize a long-term future as successful independent companies. Over its history, the firm has invested in nearly 500 companies with a total value of almost $8BN. To learn more, visit www.trivest.com.