September 9, 2025
Partnership to Support Continued Strategic Expansion and Accelerate Growth, Building on Company’s Leadership in Commercial Paving Services
New York, NY & Victoria, BC – September 9, 2025 – AEA Investors’ (“AEA”) Middle Market Private Equity team (“AEA MMPE”) and British Columbia Investment Management Corporation (“BCI”) today announced that they have acquired Pave America, LLC (“Pave America” or the “Company”), a leading commercial paving maintenance services provider, from Trivest Partners (“Trivest”) and Shoreline Equity Partners (“Shoreline”). Trivest and Shoreline will retain a minority stake in the business, alongside Company management. Terms of the transaction were not disclosed.
Headquartered in Virginia, Pave America has rapidly solidified its position as the largest provider of commercial paving maintenance services in the U.S. With 27 branches and self-perform capabilities in 43 states, the Company offers a full suite of maintenance and new construction services to local and national customers. Powered by its proprietary PavementSoft technology platform, which supports everything from lead tracking to invoicing, Pave America has earned a reputation for consistent quality and seamless operations across geographies, making the Company a solutions provider of choice and a highly sought-after partner within the paving industry.
“This marks the beginning of an exciting new chapter for Pave America,” said Tom York, CEO of Pave America. “AEA has a strong history of partnering with branch-based services businesses to successfully scale for the long run, and they and BCI bring expertise and resources that will be instrumental as we seek to accelerate our growth both organically and through strategic acquisitions. We are grateful to Shoreline and Trivest for their support in establishing such a strong foundation for our business, and we look forward to building on that progress together with AEA and BCI, continuing to deliver the highest quality commercial paving solutions to new and existing clients nationwide.”
“The Pave America team has built a standout business rooted in a culture of operational excellence and employee ownership, which continues to attract top-tier branch operators across the country,” said Alex Mehfar, Partner on the AEA MMPE team. “In a highly fragmented market with significant runway, Pave America has consistently demonstrated its ability to deliver an unparalleled quality of work while continuing to strengthen and scale its differentiated platform. Leveraging its purpose-built PavementSoft software, the Company has seamlessly integrated across locations and consistently delivers superior employee and customer experience. We’re excited to support the team as they build on this momentum and pursue new opportunities for growth moving ahead.”
“Pave America has created an unrivaled platform in commercial paving, combining national scale, purpose-built technology, and comprehensive self-perform capabilities to deliver superior service quality,” said Aaron Papps, Senior Managing Director, Private Equity, BCI. “Our investment alongside AEA reflects our shared conviction in the Company’s growth trajectory and operational leadership, which distinguish Pave America in the marketplace. We look forward to supporting the Company’s management team as they continue executing and accelerating their proven expansion strategy.”
“We have been proud to support the creation of the leading national platform in commercial paving services,” said Russ Wilson, Managing Partner at Trivest, and Mike Hand, Managing Partner at Shoreline. “The Company’s rapid growth, strong culture, and successful integration of best-in-class operators have positioned it as the clear market leader. We are excited to continue our partnership as minority investors alongside AEA and BCI as Pave America enters its next phase of expansion.”
