April 19, 2023 | | Industry News
BRIDGEVIEW, IL. (April 19, 2023) -- Rose Paving has acquired Northern Virginia and Maryland Paving and Concrete (NVM), headquartered in Fairfax, Va. NVM is a multi-state pavement maintenance company with facilities in Maryland, Virginia and South Carolina. Rose Paving is a premier pavement services provider, based in the Chicago area, with facilities in Arizona, California, Colorado, Florida, Georgia, Illinois and Tennessee. All members of the NVM management team will remain with the company moving forward.
“We have worked closely with Mark Barbaro and the entire NVM team for many years now,” said Ed Campbell,
President and Chief Executive Officer of Rose Paving. “We are delighted that we could bring such a great
group of people into our family. Rose and NVM is a wonderful pairing.”
NVM President Mark Barbaro agrees.
“There has been a lot of consolidation in the paving industry over the last 24 months or so,” Barbaro noted. “Many people contacted me, but I knew that there was one opportunity out there that would be the best for me and for all the great people who have made NVM special, and that was Rose Paving.”
NVM is the fifth acquisition Rose Paving has made since 2015. In November, 2022, Tenex Capital
Management invested in Rose Paving.
About Rose Paving
Founded in 1969 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 performs its services nationally through its now nine offices and a network of alliance members. Rose delivers its services to retail, hospitality, health care and apartment companies with multiple locations. For additional information, please visit www.rosepaving.com.
Founded in 1985 and headquartered in Fairfax, VA, NVM provides high-quality pavement solutions across multiple industries. Originally focused in the DC-Maryland-Virginia (DMV) region, NVM expanded into North Carolina and South Carolina in recent years. The company’s crews now perform work throughout the entire Mid-Atlantic and Southeast region.
About Tenex Capital Management
Tenex Capital Management is a private equity firm that invests in middle-market companies. Tenex uses an inhouse team of hybrid investment professionals skilled in operational leadership, investing, and capital markets structuring to maximize long-term value creation. Tenex’s deep operating experience allows the firm to collaborate with management teams to capitalize on business and market opportunities. Tenex has successfully invested in a diverse range of industries, including industrials, business and tech-enabled services, healthcare, building products, and auto aftermarket, among others. For additional information, please visit http://www.tenexcm.com
7300 W. 100th Pl. Bridgeview, IL 60455
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