September 30, 2025 – Pave America, LLC (Pave America), the nation’s leading provider of paving and concrete maintenance services, is excited to announce the acquisition of BAC Paving, Inc. (BAC) of Hermitage, Tennessee. Pave America, which is owned by AEA Investors, BCI, Company management, and other institutional shareholders, is expanding its footprint in the rapidly growing Nashville metropolitan area and strengthening its presence in the specialized utility paving sector through this acquisition.
Founded more than a decade ago by Scotty and Claire Barnett, BAC has earned a reputation as one of Middle Tennessee’s premier utility paving contractors, serving municipal and state infrastructure clients with a focus on high-quality trench restoration, infrastructure cuts, and rapid-response paving. Scotty and Claire Barnett will continue to lead BAC Paving as it joins the Pave America family and will hold a minority ownership interest in Pave America going forward.
Scotty Barnett, Co-Founder of BAC Paving, said: “Partnering with Pave America gives us the scale and resources to take on more work while continuing to deliver the speed and quality our customers expect. We are proud of the reputation we’ve built over the years, and we’re excited about what this new chapter means for our team and our clients.”
Claire Barnett, Co-Founder of BAC Paving, said: “Our employees are the backbone of BAC, and this partnership ensures they’ll have even more opportunities to grow and thrive. With Pave America’s support, we can take on larger, more complex projects while still maintaining the culture and close-knit environment that has defined BAC from the start.”
Tom York, CEO of Pave America, said: “Nashville is one of the fastest-growing markets in the country, and we’ve long prioritized finding the right partners in this region. Scotty, Claire, and the BAC team are an exceptional cultural fit for Pave America. Their focus on quality, responsiveness, and integrity mirrors our own values, and we are excited to build on their momentum as we grow together.”
John Strenkowski, COO of Pave America, said: “From the very beginning of our conversations, it was clear that BAC Paving’s reputation for operational excellence, employee dedication, and customer service made them a natural fit for our platform. We’re thrilled to welcome their talented team and look forward to supporting their continued success.”
ABOUT PAVE AMERICA
Pave America is a leading provider of asphalt and concrete solutions including maintenance, repair, milling, striping, and sealcoating services. With 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. To learn more, visit www.paveamerica.com
ABOUT AEA INVESTORS
AEA Investors (“AEA”) was founded in 1968 by the Rockefeller, Mellon, and Harriman family interests and S.G. Warburg & Co. as a private investment vehicle for a select group of industrial family offices with substantial assets. AEA has an extraordinary global network built over many years which includes leading industrial families, business executives, and leaders, many of whom invest with AEA as active individual investors, join its portfolio company boards, or act in other advisory roles. Today, AEA’s over 120 investment professionals operate globally with offices in New York, Stamford, Jacksonville, San Francisco, London, Munich, and Shanghai. The firm manages funds that have approximately $18 billion of invested and committed capital including the leveraged buyouts of middle market and small business companies, growth equity, and private debt investments. For more information, visit www.aeainvestors.com.
ABOUT BCI
British Columbia Investment Management Corporation (BCI) is one of Canada’s largest institutional investors, with C$295 billion in gross assets under management as of March 31, 2025. For 25 years, BCI has built its legacy on performance with purpose, helping its 32 public sector and institutional clients deliver on their commitments. From securing pensions to supporting communities, it’s investing that matters.
Headquartered in Victoria, British Columbia, and with teams spanning Vancouver, New York, London, and Mumbai, BCI puts patient capital to work across public and private markets globally.
Learn more on BCI.ca or connect on LinkedIn.
PAVE AMERICA MEDIA CONTACT
Brandon Blewett
media@paveamerica.com
