HOUSTON – Troutman Pepper Locke represented Pavement Preservation Group, Inc. (PPG), a portfolio company of The Sterling Group, in the acquisition of Holbrook Asphalt, LLC, Integrated Pavement Solutions, LLC, and their related pavement preservation affiliates. For more information, see the press release.
The strategic acquisition further strengthens PPG’s ability to deliver best-in-class pavement preservation solutions to customers across a broader geographic footprint. This marks the third acquisition for PPG since the platform was formed in partnership with The Sterling Group in 2024 and represents a significant step forward in building the leading national pavement preservation platform.
The Troutman Pepper Locke team that advised PPG was led by Brian Rose, with support from Ashley Lopez, Jeremy Petersen, Alex Dillard, Buddy Sanders, Ed Razim, Sara Longtain, Steve McMillen, Olivia Stitz, Elizabeth Casey, Scott Montgomery, Mark Backofen, and Liyoda Ovasapians.
Consistently recognized as a top-tier practice, Troutman Pepper Locke’s corporate attorneys regularly handle middle market transactions for private equity clients alongside strategic deals for Fortune 100 corporations. Core areas of service include mergers and acquisitions, corporate finance, corporate governance, securities laws compliance, capital markets transactions, and other significant domestic and cross-border transactions, as well as general corporate counseling. The firm has a strong focus in the private equity and private fund services space, advising clients on matters including fund formation, growth equity investments, leveraged buyouts, recapitalizations, and exit transactions.
About Troutman Pepper Locke Troutman Pepper Locke helps clients solve complex legal challenges and achieve their business goals in an ever-changing global economy. With more than 1,600 attorneys in 30+ offices, the firm serves clients in all major industry sectors, with particular depth in energy, financial services, health care and life sciences, insurance and reinsurance, private equity, and real estate. Learn more at troutman.com.