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Heartland Paving Partners completes acquisition of S&K Asphalt and Concrete to expand reach into Ohio

Apr 09, 2024•over 1 year ago

Acquiring Company

Heartland Paving Partners

Acquired Company

S&K Asphalt and Concrete

ChicagoAkronBuilding MaintenanceConstruction

Description

Heartland Paving Partners, a leading provider of commercial asphalt and concrete maintenance and repair services, has announced the acquisition of S&K Asphalt and Concrete. This marks Heartland's strategic expansion into the Ohio market, further enhancing its ability to serve clients across the Midwest.

Company Information

Company

Heartland Paving Partners

Location

Chicago, Illinois, United States

About

Heartland Paving Partners is a leading provider of commercial asphalt and concrete maintenance and repair services across the upper Midwest. The company is committed to delivering high-quality, cost-effective solutions, fostering solid partnerships within the industry, and supporting the growth and development of its local operating divisions and team members. Heartland is a platform investment of Soundcore Capital Partners.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed