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Superior Paving Corp. successfully acquires Boxley Materials Company’s Asphalt Division

Mar 15, 2024over 1 year ago

Acquiring Company

Superior Paving Corp

Acquired Company

Boxley Materials Company

GainesvilleLynchburgBuilding MaterialBuilding MaintenanceConstructionBuilding MaterialConstructionManufacturing

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.

Company Information

Company

Superior Paving Corp

Location

Gainesville, Florida, United States

About

Superior Paving Corp. is one of Northern Virginia's premier paving and asphalt mix supply companies. Established in 1976, the family-owned company is renowned for its large-scale paving projects for the Virginia Department of Transportation (VDOT) and area developers. Superior Paving Corp. has over 350 employees, and ten asphalt plants located from Leesburg, Virginia (to the north) to Fredericksburg, Virginia (to the south). Superior has set the standard for performance, quality, personal service and innovation.

M&A Insights

Based on deal data
Integration 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

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