APRIL 19, 2024 – Pave America, LLC (Pave America) is pleased to announce its partner company and Orlando based Landmark Paving (Landmark) recently acquired Straight Edge Paving Corporation (Straight Edge). The combined organization will be managed by Landmark’s President, Chris Sturgell. Straight Edge’s owner, Francis Segre, will stay with the organization and serve in a critical, sales leadership role. This collaboration highlights
Pave America’s commitment to the greater central Florida market and desire to be the industry leader in the region. Straight Edge and Landmark’s trajectories both mirrored the growth of the geographic area preacquisition. Partnership allows them to accelerate the achievement of their goals as a teamed unit.
Paul Garner, President of Pave America, said “Francis is an outstanding example of living the American dream. His journey from Jamaica to Florida where he started his own successful business is inspirational and showcases the work ethic we are so proud to embody at Pave America and our partner companies.”
Chris Sturgell, President of Landmark Paving, said “We love serving our market and how we’ve been able to better achieve that through our Pave America partnership. The ability to collaborate with other high-growth companies shows Landmark and Pave America’s combined commitment not only to the Florida market, but also to their partner companies as we all seek to grow together.”
About Pave America
Pave America is a leading provider of asphalt and concrete solutions including maintenance, repair, milling, striping, and sealcoating services. With over 35 partner companies and OVER 2,000 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 throughout the U.S.
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. 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.
