Livingstone paves way to closing for Nevada contractor
November 2009
Livingstone Partners’ Industrial team is pleased to announce the successful sale of its client, American Asphalt & Grading Company (‘AAG’), a portfolio company of Chicago-based private equity investor Code Hennessy & Simmons, to Gateway City Capital Investors.AAG, headquartered in Las Vegas, Nevada, is an integrated construction services firm offering a suite of site development and preparation services including excavation, paving, pavement maintenance, and concrete placement for curbs, gutters and sidewalks. AAG is a general contractor licensed in Nevada, Arizona, California,
South Dakota and Utah.
Livingstone partner David Sulaski commented: “We are delighted to have teamed with American Asphalt and Code Hennessy & Simmons on this transaction. AAG’s management is to be commended for its persistence and determination to see this deal through to closing in the face of incredibly challenging market conditions.”
This represents the 22nd transaction - and the third in the Infrastructure and Building Services sector - closed by Livingstone in 2009, underscoring the firm’s ability to close transactions in challenging market environments.
For further information contact:
David Sulaski
T: + 1 312 670 5900
E: sulaski@livingstonepartners.com
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