MIAMI—Trivest Partners (“Trivest” or the “Firm”) announces it has completed an investment in Landmark Paving, LLC (“Landmark Paving” or the “Company”). Landmark Paving was formed through the acquisition of DH Striping and Lynne Services, market-leading providers of contract paving, parking lot striping and other related maintenance services. Trivest’s investment will come from Trivest Discovery Fund, a $235 million fund dedicated to investing in founder/family-owned businesses within fragmented industries that have enormous potential to scale. Landmark Paving is Trivest Discovery Fund’s 4th platform investment—one of 39 investments in 2020.
Headquartered in Oviedo, FL, Landmark Paving is a leading provider of parking lot maintenance and pavement striping services to customers primarily located in the Southeastern United States. The Company’s customer base includes big-box retailers, REITs, apartment complexes, site developers, and strip malls. The Company has built a leading market position in Central Florida, developing a reputation for exceptional customer service and first-rate job quality.
“We are thrilled to partner with Trivest” said Joe Campolong, the Company’s President. “Their experience and knowledge of our industry will provide us with the financial, operating and strategic resources to enhance our core mission of serving as a trusted, long-term partner to our clients. We share a common vision for building on Landmark’s core capabilities and commitment to quality to drive the next phase of our growth. The Company is well positioned, as an essential services provider, to benefit from the rapidly developing infrastructure landscape in the Southeast.”
“We believe there is tremendous opportunity ahead for Landmark. The Company provides critical services to its customers and has built a well-earned reputation for performance and quality,” said Russ Wilson, Partner at Trivest. “We look forward to supporting the Landmark team through the Company’s next exciting phase of organic and add-on growth.”
With Trivest’s support, Landmark Paving plans to pursue multiple identified growth initiatives in the coming years while also actively pursuing strategic add-on acquisitions throughout the United States.
