In a strategic move aimed at expanding its commercial paving portfolio, New York-based private equity firm Soundcore Capital Partners has successfully completed the acquisition of Asphalt Solutions, Inc., a prominent provider of asphalt and concrete maintenance and repair services headquartered in Indianapolis, IN.
The financial details of the deal remain undisclosed. This acquisition marks Soundcore’s third investment in its commercial paving platform, known as ACI Holdings Group (“ACI”), and represents a significant leap towards expanding ACI’s commercial paving presence in the Midwest region. Under the guidance of Soundcore, ACI is proactively exploring avenues for both organic growth and strategic acquisitions.
Asphalt Solutions, founded by Chad McIntyre, has firmly established itself as a frontrunner in the asphalt and concrete repair services sector in the wider Indianapolis market. Under McIntyre’s leadership, the company has cultivated a strong reputation for delivering top-tier, self-performed commercial paving solutions. These services encompass a comprehensive array of offerings, including asphalt and concrete work, sealcoating, crack repair, and pothole remediation.
The acquisition of Asphalt Solutions is anticipated to significantly bolster Soundcore’s standing in the commercial paving industry, providing the firm with enhanced capabilities and resources to cater to the evolving needs of its commercial and multi-family homeowner association clientele.
Industry experts view this strategic move as indicative of Soundcore’s commitment to fostering growth and innovation within the commercial paving sector. By leveraging the strengths of Asphalt Solutions and incorporating it into ACI’s framework, Soundcore is poised to strengthen its foothold in the Midwest market while further solidifying its reputation as a dynamic force in the private equity landscape.
With the acquisition now complete, the collaboration between Soundcore and Asphalt Solutions sets the stage for a new phase of growth and expansion within the commercial paving arena. The industry will undoubtedly be watching closely as Soundcore Capital Partners continues to navigate the dynamic landscape of infrastructure maintenance and repair services.