Superior Paving Corp. successfully acquires Boxley Materials Company’s Asphalt Division
Mar 15, 2024•over 1 year ago
Acquiring Company
Superior Paving Corp
Acquired Company
Boxley Materials Company
Description
Superior Paving Corp., a leading provider of paving services in Northern Virginia, has announced the successful acquisition of the asphalt division of Boxley Materials Company. This strategic acquisition expands Superior Paving's operational footprint and aligns with its core values, enhancing its capabilities to meet the evolving needs of its customers and communities. The acquisition includes Boxley's three asphalt plants located in Lynchburg, Salem, and Piney River, reinforcing Superior Paving's commitment to excellence and innovation in the paving sector.
M&A Insights
Based on deal dataIntegration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed