Richmond, Va. — Marriott & Co., a premier middle market investment banking firm based in Richmond, VA, is pleased to announce that it served as the exclusive financial advisor to Indiana Transport, Inc. (“Indiana Transport” or the “Company”) in its sale to Patrick Industries, Inc. (NASDAQ: PATK) (“Patrick”). Patrick will continue to operate the business on a stand-alone basis under the Indiana Transport brand name in its existing facilities. The transaction closed on November 1, 2017.
Founded in 2009 in Elkhart, IN, Indiana Transport is a leading transportation and logistics service provider primarily to original equipment manufacturers (“OEMs”) and dealers in the recreational vehicle (“RV”) market. The Company utilizes independently contracted drivers to haul travel trailers, fifth wheels, gooseneck trailers and utility trailers from RV OEM plants to dealer lots across the country. In addition, over the last several years, Indiana Transport has expanded its service offerings to include the transportation of recreational watercraft. The Company projects full-year 2017 revenues to be approximately $100 million.
“Indiana Transport has quickly evolved into an industry-leading transportation service provider to the RV industry,” said Todd Cleveland, Chief Executive Officer of Patrick. “Its success is built around its customer-centric focus, quick turnaround times, cutting-edge information technology platform, and the value of its superior service. Indiana Transport, whose diverse customer base includes manufacturers and dealers ranging from nationally known brands to growing mid-size businesses throughout the continental U.S. and Canada, represents an attractive growth opportunity that complements our strategic initiatives in the RV and marine markets.”
“This acquisition will provide Patrick with the ability to partner with Indiana Transport’s team, its talent, logistics expertise and resources to establish a leading RV transportation operation,” said Andy Nemeth, President of Patrick. “In addition we have the opportunity to establish new relationships with major RV and marine dealers as an extension of our value proposition to these markets while further increasing our content per unit in the RV and marine spaces. Consistent with previous acquisitions, we will support Indiana Transport with a financial and operational foundation that will allow it to capitalize on its core competencies while preserving the entrepreneurial spirit that has been so important to its success.”
Charlie Roeder, President and one of the founders of Indiana Transport, said, “Patrick is a great fit for our operation and for our customers and will be a valued resource in the further growth of the Indiana Transport brand, both within our core towables market and in non-RV markets. Our team is extremely excited to partner with the Patrick organization which shares the same vision of striving to provide superior service with a customer-first approach and will help us to continue to expand our business with our existing customers as well as new dealers and manufacturers.”
Justin Marriott, Managing Director of Marriott & Co., said, “We truly enjoyed working with Charlie and the rest of the Indiana Transport team. This is a fantastic outcome for the Company, and I believe the transaction with Patrick positions Indiana Transport very well for continued future success.”
Added Charlie Roeder, “I would like to thank the Marriott & Co. team for their hard work and professional guidance throughout the transaction process. Justin, Bryan and the rest of the Marriott & Co. team did exactly what they said they would do when we hired them. They were hands-on, responsive, and crucial to achieving this great result for our company.”
About Indiana Transport, Inc.:
Headquartered in Elkhart, IN, Indiana Transport is a leading transportation and logistics service provider primarily to original equipment manufacturers (“OEMs”) and dealers in the recreational vehicle (“RV”) market. The Company utilizes independently contracted drivers to haul travel trailers, fifth wheels, gooseneck trailers and utility trailers from RV OEM plants to dealer lots across the country. In addition, over the last several years, Indiana Transport has expanded its service offerings to include the transportation of recreational watercraft. For more information, please visit www.indianatransport.com.
About Patrick Industries, Inc.:
Patrick Industries, Inc. (NASDAQ: PATK) is a major manufacturer of component products and distributor of building products serving the recreational vehicle, manufactured housing, marine, kitchen cabinet, office and household furniture, fixtures and commercial furnishings, and other industrial markets and operates coast-to-coast through locations in 19 states. Patrick’s major manufactured products include decorative vinyl and paper laminated panels, countertops, fabricated aluminum products, wrapped profile moldings, slide-out trim and fascia, cabinet doors and components, hardwood furniture, fiberglass bath fixtures and tile systems, thermoformed shower surrounds, fiberglass and plastic helm systems and component products, wiring and wire harnesses, electrical systems components including instrument and dash panels, softwoods lumber, interior passage doors, RV painting, slotwall panels and components, aluminum fuel tanks, and CNC molds and composite parts and other products. The Company also distributes drywall and drywall finishing products, electronics and audio systems components, wiring, electrical and plumbing products, cement siding, raw and processed lumber, FRP products, interior passage doors, roofing products, laminate and ceramic flooring, shower doors, furniture, fireplaces and surrounds, interior and exterior lighting products, and other miscellaneous products. For more information, please visit www.patrickind.com.
About Marriott & Co.:
Headquartered in Richmond, Virginia, Marriott & Co. (www.marriott-co.com) is a premier, independent boutique investment-banking firm focused on advising privately-held companies across a wide variety of industries. The firm provides merger and acquisition advisory and capital raising services primarily to family-held businesses and entrepreneurial business owners in the middle market. Marriott & Co.’s unique entrepreneurial culture enables the firm to tailor its services to meet the needs of its clients, and the firm’s professionals have an unparalleled understanding of the challenges and opportunities facing these companies and their owners today. By delivering senior banker attention, a high-touch approach to client service and best-in-class process execution to every assignment it undertakes, Marriott & Co. has established a long track record of closing successful transactions for clients all over the U.S.
Richmond, Va. — Marriott & Co., a premier middle market investment banking firm based in Richmond, VA, is pleased to announce the addition of Elliott Theuerkauf as an Analyst in the firm’s Richmond headquarters.
Prior to joining Marriott & Co., Elliott graduated from the College of William and Mary where he received a Bachelor of Business Administration degree in Finance from the Mason School of Business. His prior work experience includes a summer analyst position at a middle market investment bank as well as an internship at a commercial real estate firm.
With nine closed investment banking deals over the past two years, Marriott & Co. continues to distinguish itself as one of the most active independent boutique investment banks in advising closely-held private companies with EBITDA between $1 to $20 million. The firm was recently recognized by Axial Networks as one of the Top 100 Middle Market Advisors in the U.S. based on a survey of 1,000 private equity firms, strategic acquirers, and family offices.
“We are excited to add Elliott to our team and look forward to his contributions to the continued growth and success of the firm in the years to come,” said Justin Marriott, Managing Director of Marriott & Co., “This addition will enable the firm to continue to grow its already impressive client base of family-held businesses and entrepreneurial business owners across the U.S.”
About Marriott & Co.:
Headquartered in Richmond, Virginia, Marriott & Co. (www.marriott-co.com) is a premier, independent boutique investment banking firm focused on advising privately-held companies across a wide variety of industries. The firm provides merger and acquisition advisory and capital raising services primarily to family-held businesses and entrepreneurial business owners in the middle market. Marriott & Co.’s unique entrepreneurial culture enables the firm to tailor its services to meet the needs of its clients, and the firm’s professionals have an unparalleled understanding of the challenges and opportunities facing these companies and their owners today. By delivering senior banker attention, a high-touch approach to client service and best-in-class process execution to every assignment it undertakes, Marriott & Co. has established a long track record of closing successful transactions for clients all over the U.S.
Richmond, Va. — Marriott & Co., a premier middle market investment banking firm based in Richmond, VA, is pleased to announce that it served as the exclusive financial advisor to COX Transportation Services, Inc. (“COX” or the “Company”) in its recapitalization. COX management worked with Capital One Bank and Peninsula Capital Partners to refinance its existing credit facilities and buyout a minority equity position in the Company. The transaction closed on March 17, 2017. Terms of the transaction were not disclosed.
Established in 1982, COX provides freight hauling and brokerage services to customers in a diversified group of industries across the U.S. The Company specializes in transporting time-sensitive full truckload freight on a local, regional and national basis. COX also operates a brokerage division that serves carriers and freight customers with logistics optimization services. The Company is based in Ashland, VA.
“Marriott & Co. did an excellent job in completing the transaction under great terms for our Company that will ensure its continued success,” said Jay Smith, President of COX. “I am extremely grateful for the high level of integrity and professionalism that Justin and his team displayed from start to finish. We are excited about our relationship with two strong financing partners committed to our future success.”
Justin Marriott, Managing Director of Marriott & Co., added, “It was an absolute pleasure working with COX again. Jay and the rest of the team have built an impressive business and we are happy that we have helped them achieve their goals in this recapitalization and secure such solid financial partners.”
About COX Transportation Services, Inc.:
Headquartered in Ashland, VA, COX (http://www.truckingforamerica.com/) is a leading provider of freight hauling and brokerage services to customers in a diversified group of industries across the U.S. COX specializes in transporting time-sensitive full truckload freight on a local, regional and national basis. The Company also operates a brokerage division that serves carriers and freight customers with logistics optimization services.
About Marriott & Co.:
Headquartered in Richmond, Virginia, Marriott & Co. (www.marriott-co.com) is a premier, independent boutique investment banking firm focused on advising privately-held companies across a wide variety of industries. The firm provides merger and acquisition advisory and capital raising services primarily to family-held businesses and entrepreneurial business owners in the middle market. Marriott & Co.’s unique entrepreneurial culture enables the firm to tailor its services to meet the needs of its clients, and the firm’s professionals have an unparalleled understanding of the challenges and opportunities facing these companies and their owners today. By delivering senior banker attention, a high-touch approach to client service and best-in-class process execution to every assignment it undertakes, Marriott & Co. has established a long track record of closing successful transactions for clients all over the U.S.
Richmond, Va. — Marriott & Co., a premier middle market investment banking firm based in Richmond, VA, is pleased to announce that it has been named to Axial Networks’ Top 100 Middle Market Advisors list (“the List”). The List is a compilation of the top 100 most respected and trusted middle market advisors across the U.S. based on a survey of 1,000 private equity firms, strategic acquirers, and family offices. The survey was not limited to advisors of any size or geographic location.
Justin Marriott, Managing Director of Marriott & Co., said, “We are honored that our peers in the buyside universe that we work with everyday spoke so highly of Marriott & Co. We value the relationships that our firm has cultivated with the many private equity, strategic acquirers and family offices active in the middle market. These relationships and our commitment to achieving the best possible outcome for our clients on every transaction are big components to our success as a firm. We look forward to continuing to build our relationships with the buyers and investors in the marketplace. Axial Networks does a tremendous job providing valuable information and insight into the middle market and we appreciate their continued work in the market.”
If you would like to view the full List, please click here to download it free of charge.
About Marriott & Co.:
Headquartered in Richmond, Virginia, Marriott & Co. (www.marriott-co.com) is a premier, independent boutique investment banking firm focused on advising privately-held companies across a wide variety of industries. The firm provides merger and acquisition advisory and capital raising services primarily to family-held businesses and entrepreneurial business owners in the middle market. Marriott & Co.’s unique entrepreneurial culture enables the firm to tailor its services to meet the needs of its clients, and the firm’s professionals have an unparalleled understanding of the challenges and opportunities facing these companies and their owners today. By delivering senior banker attention, a high-touch approach to client service and best-in-class process execution to every assignment it undertakes, Marriott & Co. has established a long track record of closing successful transactions for clients all over the U.S.
Richmond, Va. — Marriott & Co., a premier middle market investment banking firm based in Richmond, VA, is pleased to announce that it served as the exclusive financial advisor to Ullman Devices Corporation (“Ullman” or the “Company”) in its sale to Castleray, LLC (“Castleray”), a diversified holding company with offices in Chicago and Dallas. Castleray partnered with management to acquire the Ridgefield, CT-based company. The transaction closed on January 26, 2017. Terms of the transaction were not disclosed.
Established in 1935, Ullman is a leading manufacturer of specialty hand tools that are primarily sold to the automotive repair and industrial repair industries. The Company is best known as the world’s leading producer of inspection mirrors and magnetic pick-up tools. Today, Ullman offers a robust portfolio of high-quality products, including rotating magnetic work lights, flexible spring claws, socket holders and many others under the Ullman brand as well as on a private label basis.
“I am excited about the transaction with Castleray and believe they will continue to build upon the 81-year successful track record of Ullman for many more years to come,” said President of Ullman, Ed Coleman, “I would also like to thank the Marriott & Co. team for managing such a professional process to ensure that a great outcome was achieved for everyone associated with Ullman, including shareholders, employees and customers.”
Justin Marriott, Managing Director of Marriott & Co., added, “We are honored that Ullman provided us with the opportunity to advise the Company on such an important transaction. We thoroughly enjoyed working with both the Ullman and Castleray teams to bring this to a successful closing.”
About Ullman Devices Corp.:
Headquartered in Ridgefield, Connecticut, Ullman Devices Corporation is a leading manufacturer of specialty hand tools that are primarily sold to end users in the automotive repair and industrial repair industries. Originally founded in 1935, Ullman is best known as being the world’s leading producer of inspection mirrors and magnetic pick-up tools that are typically used by automotive repair technicians, electricians, plumbers and many other professional mechanics. The Company has significantly broadened its product line to include a wide variety of specialty hand tools, including rotating magnetic work lights, flexible spring claws, socket holders, and many others. Over the past 81 years, Ullman has provided the highest quality products and superior customer service to its customers, creating long-term, recurring relationships with some of the most recognizable industrial distribution and branded tool companies in the world. For more information, visit www.ullman-devices.com.
About Castleray, LLC:
Castleray is a diversified holding company that combines capital, innovation and exceptional employees to exceed customer expectations and deliver superior results. Castleray owns and manages businesses and real estate throughout the U.S. in a variety of industries, including consumer, industrial, food products, law enforcement and healthcare. The company designs, engineers and sells thousands of exceptional products worldwide across its ten facilities in the U.S. Castleray is passionate about its brands and exceeding expectations everyday for the customers that use its products. For more information, please visit www.castleray.com.
About Marriott & Co.:
Headquartered in Richmond, Virginia, Marriott & Co. (www.marriott-co.com) is a premier, independent boutique investment banking firm focused on advising privately-held companies across a wide variety of industries. The firm provides merger and acquisition advisory and capital raising services primarily to family-held businesses and entrepreneurial business owners in the middle market. Marriott & Co.’s unique entrepreneurial culture enables the firm to tailor its services to meet the needs of its clients, and the firm’s professionals have an unparalleled understanding of the challenges and opportunities facing these companies and their owners today. By delivering senior banker attention, a high-touch approach to client service and best-in-class process execution to every assignment it undertakes, Marriott & Co. has established a long track record of closing successful transactions for clients all over the U.S.
Richmond, Va. — Marriott & Co., a premier middle market investment banking firm based in Richmond, VA, is pleased to announce that it served as the exclusive financial advisor to Aerodyn Engineering, Inc. (“Aerodyn” or the “Company”) in its investment by The White Oak Group (“White Oak”), a private equity management firm based in Atlanta. The transaction closed on December 30, 2016. Terms of the transaction were not disclosed.
Headquartered in Indianapolis, Aerodyn is a leading provider of highly technical and specialized services to turbine original equipment manufacturers in a variety of industries including the aerospace, power generation, automotive, marine and industrial sectors. Aerodyn was founded in 2002 by Dave Lawrence and has achieved significant growth since inception. In addition to operating two facilities in Indiana, Aerodyn also has operations in Florida, Canada, and the United Kingdom.
“I am very excited to partner with White Oak and believe they will add significant value to the continued growth and development of our business in the coming years,” said CEO and Founder of Aerodyn, Dave Lawrence, “I would also like to thank the Marriott & Co. team for their hard work and professional guidance throughout the transaction process. Their team played a critical role in ensuring that Aerodyn found an investment group that understands our unique business model.”
“We are thrilled to work with Dave and the rest of the Aerodyn team, and we look forward to continuing to build on the success of the Company for many years to come,” said Chris Melton, Chairman and CEO of White Oak.
Justin Marriott, Managing Director of Marriott & Co., added, “We truly enjoyed working with the entire Aerodyn and White Oak teams. We are honored that Aerodyn provided us with the opportunity to advise the Company on this important transaction, and know that Aerodyn is poised for great things under this new partnership.”
About Aerodyn Engineering:
Founded in 2002 and headquartered in Indianapolis, Aerodyn Engineering is a leading provider of highly technical and specialized services to turbine original equipment manufacturers (“OEMs”) for use and deployment in the development stage of a turbine’s lifecycle, such as test instrument design and development, instrumentation fabrication, instrumentation, and testing services. The Company serves OEMs and other companies involved in various aspects of the development of turbine systems globally and in a variety of industries including the aerospace, power generation, automotive, marine and industrial sectors. With a team of highly trained professionals, sophisticated equipment and facilities and precise testing processes, Aerodyn is on the cutting edge of turbine technology and is respected for its responsiveness, quality and expertise. The Company’s U.S. facilities include its headquarters in Indianapolis, its state-ofthe-art Testing & Technology Center is in Whitestown, IN, and a facility in Jupiter, FL. Internationally, Aerodyn has operations in Derby, United Kingdom and in Montreal, Quebec, Canada. For more information, visit www.aerodyneng.com.
About The White Oak Group:
White Oak is an Atlanta-based private equity management firm focused on making investments in lower middle market, IP-rich businesses primed for growth. With a successful record built on industry expertise and partnerships with exceptional management teams, White Oak invests in Aerospace and Defense, Environmental, Information Management, and Power companies. For more information, please visit www.thewhiteoakgroup.com.
About Marriott & Co.:
Headquartered in Richmond, Virginia, Marriott & Co. (www.marriott-co.com) is a premier, independent boutique investment banking firm focused on advising privately-held companies across a wide variety of industries. The firm provides merger and acquisition advisory and capital raising services primarily to family-held businesses and entrepreneurial business owners in the middle market. Marriott & Co.’s unique entrepreneurial culture enables the firm to tailor its services to meet the needs of its clients, and the firm’s professionals have an unparalleled understanding of the challenges and opportunities facing these companies and their owners today. By delivering senior banker attention, a high-touch approach to client service and best-in-class process execution to every assignment it undertakes, Marriott & Co. has established a long track record of closing successful transactions for clients all over the U.S.
Richmond, Va. — Marriott & Co., a premier middle market investment banking firm based in Richmond, VA, is pleased to announce that it served as the exclusive financial advisor to a leading U.S.-based provider of electronics manufacturing services (the “Company”), a portfolio company of Forest Hill Partners (“FHP”), in its sale to Kauffman Engineering, Inc. (“Kauffman”). The transaction closed on September 30, 2016. Financial terms of the transaction were not disclosed.
Marriott acted as the exclusive investment banking representative for FHP and its investor group, working closely with the Company’s management team and shareholders throughout the sale process. This included providing advisory expertise and managing the preparatory, marketing, negotiation and due diligence phases of the transaction.
John Carretta, Partner at Forest Hill Partners, commented, “Marriott ran a very competitive and disciplined process that resulted in a successful outcome for the Company, its employees and its shareholders. The transaction with Kauffman well positions the Company to further expand its business in existing and new markets.”
Headquartered in the U.S., the Company is one of the largest and most advanced providers of electronics manufacturing services (“EMS”) in the U.S. The Company designs and manufactures these products with in-house engineering capabilities to suit the needs of its customer base of original equipment manufacturers across a diverse array of industries. The Company operates six facilities in the U.S. and abroad.
Justin Marriott, Managing Director of Marriott & Co., said, “We are honored that Forest Hill Partners and the Company provided us with the opportunity to advise them on such an important transaction. We truly enjoyed working with the entire team at the Company, and wish them as well as Kauffman much continued success.”
About Marriott & Co.:
Headquartered in Richmond, Virginia, Marriott & Co. (www.marriott-co.com) is a premier, independent boutique investment banking firm focused on advising privately-held companies across a wide variety of industries. The firm provides merger and acquisition advisory and capital raising services primarily to family-held businesses and entrepreneurial business owners in the middle market. Marriott & Co.’s unique entrepreneurial culture enables the firm to tailor its services to meet the needs of its clients, and the firm’s professionals have an unparalleled understanding of the challenges and opportunities facing these companies and their owners today. By delivering senior banker attention, a high-touch approach to client service and best-in-class process execution to every assignment it undertakes, Marriott & Co. has established a long track record of closing successful transactions for clients all over the U.S.
Richmond, Va. — Marriott & Co., a premier, independent boutique investment banking firm based in Richmond, VA, is pleased to announce the promotion of Matt Improta to Vice President at the firm. Matt joined Marriott & Co. in 2010, and he has over six years of investment banking experience focused on middle market advisory work.
“Marriott & Co. is delighted to congratulate Matt on this well-deserved promotion,” said Bryan Burden, Managing Director and Partner of Marriott & Co. “Over the past six years Matt has developed a strong acumen for executing a variety of investment banking transactions across numerous industry verticals. His hard work and expertise in all aspects of transactional advisory is extremely valuable to our firm, and more importantly, to our clients that we serve.”
Added Justin Marriott, Managing Director and Founder of Marriott & Co., “Matt’s efforts have been critical to our firm’s success in closing over 20 transactions during his time here. I am excited for him to continue to be a key contributor to the future growth of our firm.”
Prior to joining Marriott & Co., Matt graduated from the University of Richmond where he received a Bachelor of Science degree in Business Administration with a concentration in Finance and a minor in Economics.
About Marriott & Co.:
Headquartered in Richmond, Virginia, Marriott & Co. (www.marriott-co.com) is a premier, independent boutique investment banking firm focused on advising closely held private companies across a wide variety of industries. The firm provides merger and acquisition advisory and capital raising services primarily to family-held businesses and entrepreneurial business owners in the middle market. Marriott & Co.’s unique entrepreneurial culture enables the firm to tailor its services to meet the needs of its clients, and the firm’s professionals have an unparalleled understanding of the challenges and opportunities facing these companies and their owners today. By delivering senior banker attention, a high-touch approach to client service and best-in-class process execution to every assignment it undertakes, Marriott & Co. has established a long track record of closing successful transactions for clients all over the U.S.
Richmond, Va. — Marriott & Co., a premier, independent boutique investment banking firm based in Richmond, VA, is pleased to announce the promotion of Bryan Burden to Managing Director and his becoming a full Partner of Marriott & Co. Bryan joined the firm in 2010 and has nearly 17 years of investment banking experience with the majority of his career focused on middle market advisory work.
“Marriott & Co. is pleased to recognize Bryan’s important contributions to the firm over the last six years. During this time frame the firm has closed over twenty M&A and capital advisory assignments on which Bryan’s contributions and deal expertise have proven invaluable,” said Justin Marriott, Managing Director and Founder of Marriott & Co. “He has consistently earned the trust and respect of our clients. This promotion is a well-deserved recognition of his hard work, determination and success, and I am very proud to have him represent our firm before our clients. Additionally, I am very excited about the firm’s current trajectory and deal volume, having completed four significant M&A assignments in just the past nine months. I look forward to our continued efforts to build on our successful investment banking platform as partners.”
Prior to Joining Marriott & Co., Bryan was previously in the investment banking departments of Wachovia Securities, BB&T Capital Markets, and Boxwood Partners. He also served as the CFO of a privately held company earlier in his career. Bryan received his B.S. in Commerce with Concentration in Finance from the McIntire School at the University of Virginia.
About Marriott & Co.:
Headquartered in Richmond, Virginia, Marriott & Co. (www.marriott-co.com) is a premier, independent boutique investment banking firm focused on advising closely held private companies across a wide variety of industries. The firm provides merger and acquisition advisory and capital raising services primarily to family-held businesses and entrepreneurial business owners in the middle market. Marriott & Co.’s unique entrepreneurial culture enables the firm to tailor its services to meet the needs of its clients, and the firm’s professionals have an unparalleled understanding of the challenges and opportunities facing these companies and their owners today. By delivering senior banker attention, a high-touch approach to client service and best-in-class process execution to every assignment it undertakes, Marriott & Co. has established a long track record of closing successful transactions for clients all over the U.S.
Richmond, Va. — Marriott & Co., a premier middle market investment banking firm based in Richmond, VA, is pleased to announce that it served as the exclusive financial advisor to Asphalt Roads & Materials Company, Inc. (“AR&M” or the “Company”) in its sale to The Lane Construction Corporation (“Lane”), a Cheshire, CT-based subsidiary of Salini Impregilo Group (MTA: SAL). The transaction closed on April 4, 2016. Financial terms of the transaction were not disclosed.
Headquartered in Virginia Beach, VA for nearly 80 years, AR&M is a leading vertically-integrated provider of asphalt manufacturing, paving and other complementary construction services to public and private customers. Moving forward, they will join Virginia Paving Company’s operations, a division of Lane.
“We are excited about the transaction with Lane,” said Rick Haycox, former President of AR&M. “The joining of our two companies builds upon past traditions of two like-minded companies and will allow us to continue to serve our customers at the highest level.”
Justin Marriott, Managing Director of Marriott & Co., said, “We thoroughly enjoyed working with Rick Haycox and the rest of the AR&M team on this important transaction. The cultural fit between Lane and AR&M was evident throughout the duration of the process, and we are thrilled to achieve such a successful outcome for all parties.”
Added Mr. Haycox, “I would like to thank the Marriott & Co. team for their hard work and professional guidance throughout the transaction process. They played a key role in generating such a positive result for our company.”
Kaufman & Canoles, P.C., led by Rob Goodman, provided legal advice to AR&M on the transaction.
About Asphalt Roads & Materials Company, Inc.:
Founded in 1938, Asphalt Roads & Materials Company, Inc. is a leading vertically-integrated provider of asphalt manufacturing, paving and other complementary construction services to public and private customers. The Company operates an asphalt plant in Virginia Beach and provides its customers with expansive capabilities including paving, milling, excavation, stone grading, and pipe work. The ability to provide all of these services in a timely, professional and cost-effective manner position AR&M as a true “one-stop shop” to its customers.
About The Lane Construction Corporation:
Founded in 1890, The Lane Construction Corporation is one of America’s leading construction companies, specializing in heavy civil construction services and products in the transportation, infrastructure and energy industries. Lane is headquartered in Cheshire, Connecticut and has annual revenues of more than $1 billion. Lane has a unique combination of capabilities including public-private partnerships/innovative financing and joint ventures; large, complex design-build and bid-build projects; as well as the ability to produce and install asphalt, aggregates and concrete.
Lane is a subsidiary of Salini Impregilo Group, a global leading player in the construction of major infrastructures that operates in more than 50 countries, across five continents, with more than 30,000 employees. Salini Impregilo Group is headquartered in Italy and is listed on the Milan Stock Exchange (MTA: SAL).
Headquartered in Richmond, Virginia, Marriott & Co. (www.marriott-co.com) is a premier, independent boutique investment-banking firm focused on advising closely held private companies across a wide variety of industries. The firm provides merger and acquisition advisory and capital raising services primarily to family-held businesses and entrepreneurial business owners in the middle market. Marriott & Co.’s unique entrepreneurial culture enables the firm to tailor its services to meet the needs of its clients, and the firm’s professionals have an unparalleled understanding of the challenges and opportunities facing these companies and their owners today. By delivering senior banker attention, a high-touch approach to client service and best-in-class process execution to every assignment it undertakes, Marriott & Co. has established a long track record of closing successful transactions for clients all over the U.S.
