Pursant’s Investment Banking practice is pleased to announce that its client, Central States (Central States) Paving and Concrete, LLC has acquired Encore Pavement (Encore). Central States was formed in December 2021 to partner with PLM Paving and Concrete, based in southeast Wisconsin, and with future partner paving companies. It is backed by Grove Mountain Partners, an Atlanta-based private equity firm focused on specialty business services and home services companies. Headquartered in Wichita, Kansas, Encore is a full-service asphalt paving and concrete contractor providing milling, paving, sealcoating, asphalt repairs, and concrete construction and repairs to commercial, industrial and residential customers in the Midwest. Pursant acted as sole Merger & Acquisition advisor to Central States for the transaction. Click the link below to view the full press release.
