Sell-side advisory
The Transaction
Headquartered in Goddard, Kansas, Circle C is a leading regional provider of pavement preservation and maintenance services, primarily chip and scrub sealing, to public, commercial and residential customers in Kansas and northern Oklahoma.
PPG is a Nashville, TN-based provider of pavement preservation and critical infrastructure solutions across the U.S. With more than 230 years of collective operating experience across its divisions, PPG delivers reliable asphalt services and innovative preservation solutions that address the ever-growing need to maintain and extend the life of America’s infrastructure.
Based in Houston, TX, The Sterling Group is an operationally focused middle market private equity firm that specializes in partnering with management teams to grow and build winning industrial businesses. Founded in 1982, The Sterling Group has sponsored the buyout of 76 platform companies and numerous add-on acquisitions for a total transaction value of over $25.0 billion.
Circle C and Vance will operate as an integrated business going forward, continuing to deliver best-in-class pavement preservation services to their customers. The acquisition strengthens the combined company’s footprint and service offerings, enabling greater value and opportunity for customers and employees across all markets.