- TM Capital served as exclusive financial advisor to Pavement Maintenance Group (“PMG”), a portfolio company of LKCM Headwater Investments (“LKCM”), in its sale to Renovo Capital
- PMG is the premier provider of comprehensive solutions for the aftermarket repair, maintenance and enhancement of pavement and other specialty surfaces, manufacturing and distributing sealcoat, crack sealant, pavement markings and traffic management products as well as related equipment, tools and accessories via a unique “one stop shop” model
- PMG’s business includes franchise locations for SealMaster, the leading pavement maintenance solutions brand in the U.S., together with selected proprietary solutions
- Renovo Capital is a Dallas, Texas-based middle market private equity firm focused on control investments in technical businesses that have the potential to generate meaningful value through operational improvements and strategic initiatives
- LKCM Headwater Investments is a subsidiary of Luther King Capital Management, a Fort Worth, Texas-based investment firm with over $27 billion in assets under management. Headwater has a long history of successfully scaling value-added distributors and other middle market platforms
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