Sun Capital Partners portfolio company StonePoint acquires Road Builders
Sun Capital Partners’ affiliated portfolio company StonePoint Materials (StonePoint) has completed the acquisition of Road Builders, one of Kentucky’s oldest materials and paving construction operations. Terms of the private transaction have not been disclosed.
Founded in 1948, Road Builders is operated by third and fourth generation family owners. Road Builders will complement StonePoint’s Clarksville, Tennessee-based subsidiaries, Winn Materials and McIntosh Construction.
“The acquisition of Road Builders continues to demonstrate our thesis of investing in founder-owned companies with strong market share that want to partner with one of the leading independent aggregate producers in North America,” adds Aaron Wolfe, Managing Director at Sun Capital Partners. “We look forward to working with StonePoint to continue to expand its geographic presence and scale.”
“Road Builders is an exciting addition to StonePoint’s existing group of aggregate and construction materials businesses,” says Colin Oerton, Chief Executive Officer of StonePoint. “This is the second add-on acquisition for StonePoint and we continue to look for other companies that want to join our family.”