SLATE Partners (“SLATE”) recently announced that its Principals have advised Apex Pavement Solutions (“Apex” or the “Company”) on its sale to Tendit Group (“Tendit”), formerly known as Top Gun Facility Services, a Colorado-based exterior facility services provider with operations throughout the Mountain and Southwest regions of the U.S. Tendit is a portfolio company of Osceola Capital Management (“Osceola”), a Tampa-based private equity firm.
Founded in 2011 in Golden, Colorado, Apex Pavement Solutions provides asphalt paving and maintenance services to property managers, property owners, contractors, and government agencies along Colorado’s Front Range. The Company performs recurring crack seal, seal coat, patching, overlay, and asphalt installation services while strategically outsourcing complementary services to create a single-source solution. Apex’s exceptional customer service, experienced team, and high-quality offering have resulted in the Company’s leading position in an attractive, high-growth market.
Jason Munoz, co-founder and Managing Partner of SLATE, commented, “Brian Pike and the management team at Apex built a market-leading pavement maintenance business in just over 10 years. This success is a direct result of the deep industry experience possessed by the entire Apex team and the entrenched customer relationships created by the Company’s outstanding service and project execution capabilities. Joining forces with Tendit now creates a tremendous opportunity for both companies to cross-sell services to existing customers while further enhancing the customer experience. I am excited to see how these two companies leverage their combined resources to continue to grow rapidly in the attractive Colorado market.”
Brian Pike, President and founder of Apex, remarked, “We needed to find the best advisory team to complete an acquisition involving complex requirements and challenging time constraints. The SLATE team proved to be an exceptional partner and exceeded all expectations. Their expertise in identifying appropriate buyers, developing highly professional informational materials, analyzing data, acting as liaison between seller and potential buyers, successfully managing the large efforts of due diligence, and hosting meetings, all culminated in a positive outcome for the Apex investors and employees. I am very pleased with the decision to select SLATE as our advisory firm, and I am excited to see what the future holds for Apex with the new ownership team.”
Apex Pavement Solutions received legal representation in the transaction from Sherman & Howard L.L.C. and accounting advisory from Brinkerhoff Revenig & Corrigan, PC.
