Rose Paving Merges with Property Paving, An ASP Company, Expanding Nationwide Presence
Bridgeview, IL. In a historic moment for the paving industry, Rose Paving (“Rose”) announced it has merged with ASP Family of Companies, including Property Paving, to create one of the largest self-performing paving companies in the United States. Rose Paving and ASP Family of Companies combine complementary geographic footprints and create an expansive nationwide network with an unrivalled reach. The businesses are known for consistent, long-standing relationships while offering both national and regional expertise, and the combination will ensure new standards of quality and service in the paving industry.
Both companies have been built through an unwavering commitment to servicing clients, with customers trusting Rose Paving for over 50 years and Property Paving for 20+ years. This partnership now unites over 1,000 employees across 36 offices nationwide.
“We’re thrilled to join forces with the ASP Family of Companies, including Property Paving, team,” said Jaron Srain, President of Rose Paving. “Our geographic footprints complement each other, and our partnership will boost efficiencies and double our coverage to better serve our clients. The merger uniquely positions us to offer best-in-class paving solutions and superior service for years to come.”
This alliance brings together two of the most trusted names in paving, companies with shared values and a commitment to delivering outstanding customer service and quality work. The merger strengthens our national capabilities and leverages deep regional expertise to serve clients better.
Harbor Beach Capital, Atlantic Southern Paving’s investment partner, will continue to invest alongside Tenex Capital Management, Rose Paving’s partner, to support the company’s continued growth and expansion nationwide.
About Rose Paving
Founded in 1974 and headquartered in Bridgeview, IL, Rose provides professional preventative and restorative pavement maintenance services to businesses throughout the United States, Canada, and Puerto Rico. Rose delivers its services to retail, hospitality, health care, and apartment companies in multiple locations.
For additional information, please visit www.rosepaving.com.
About Property Paving
Property Paving, an ASP Company, has provided expert paving services for decades, ensuring quality workmanship and outstanding customer care. The company has built long-standing relationships with clients, making it a trusted asphalt maintenance and repair partner.
For additional information, please visit www.www.propertypaving.com.
About Tenex Capital Management
Tenex Capital Management is a private equity firm that invests in middle-market companies, leveraging its expertise in operational leadership, investing, and capital markets structuring to drive long-term value creation. With deep industry experience, Tenex collaborates with management teams to seize business and market opportunities. The firm has successfully invested across a range of industries, including diversified industrials, business and tech-enabled services, and healthcare.
For additional information, please visit www.tenexcm.com.
About Harbor Beach Capital
Harbor Beach Capital is a private equity firm specializing in control investments in middle-market companies. By partnering with skilled management teams, they work to maximize business potential and create sustainable value. Through an active investment approach, Harbor Beach provides the necessary resources to enhance operations and drive business growth.
For more information, please visit www.harborbeachcapital.com.
