Holland & Knight Represents Lincoln Road and Trivest Partners on Acquisition of DH Striping and Lynne Services to Create Pavement Maintenance Platform
MIAMI (January 28, 2021) – Holland & Knight advised Lincoln Road Global Management, LLC, a private equity firm focused on lower middle-market companies, and Trivest, LP, a private investment firm that focuses exclusively on the support and growth of founder-led and family-owned businesses, in their investment in Landmark Paving, a full-service pavement maintenance business serving customers across the Southeastern United States. 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.
Headquartered in Oviedo, Florida, Landmark Paving is a full-service provider of pavement maintenance, thermoplastic markings, seal coating, asphalt and concrete patching, restriping, signage, hydro-blasting and related services to retail, property management, real estate development and other commercial customers.
"Landmark Paving places its clients first and that focus will continue to be the key to Landmark's success," said Jeff Magny, founder and managing partner of Lincoln Road. "We believe there are numerous opportunities, both in new geographies and new ancillary services, and we look forward to supporting Landmark Paving in continuing to set new standards of excellence in the parking lot services business."
The Holland & Knight team was led by Partners David Barkus and Omari Sealy.
More information about the transaction can be found here.