Quarton International is pleased to announce that Spartan Paving, Inc., (“Spartan” or the “Company”) a provider of pavement maintenance and repair services, has been acquired by Dejana Industries, Inc. (“Dejana”), a portfolio company of Mill Point Capital, LLC (“Mill Point”). Quarton International acted as the exclusive investment banking advisor to Spartan in this transaction.
Spartan is a leading provider of pavement maintenance and repair services for commercial, residential and municipal end markets throughout the Midwest. Spartan has demonstrated a successful track record of serving a diverse customer base, including contractors, corporations, municipalities and property managers since 1996. Kevin Westlake and Dan Fitzgerald, the principals of Spartan, along with the rest of Spartan’s management team, will continue to lead the Company.
Spartan Paving, Inc. (www.spartanpaving.com) is a leading provider of pavement maintenance and repair services for commercial, residential and municipal end markets. The Company’s services range from asphalt and concrete paving, sealcoating, milling, excavation and snow removal services. Spartan is headquartered in Waterford Township, Michigan.
Dejana Industries, Inc. (www.dejanaindustries.com) is a diversified family of affiliated companies that provide facility services throughout the United States. Dejana’s services include snow removal and melting, street sweeping, catch-basin cleaning and solid waste removal. Dejana was founded in 1962 and is headquartered in Port Washington, New York.
Mill Point Capital, LLC (www.millpoint.com) is a middle-market private equity firm focused on control-oriented investments in the business services and industrial sectors. The firm works with executive partners to leverage its investment professionals’ experience, while providing strategic and operational guidance designed to drive long-term value creation in its portfolio companies. Mill Point is based in New York, New York.
We are excited to join the Dejana family. In particular, we believe that Dejana’s scale, reputation and cross-selling opportunities will enable Spartan to accelerate growth under the Dejana platform.
Kevin Westlake and Dan Fitzgerald
Principals of Spartan
January 30, 2019
Finance Monthly Deal Maker Award for Quarton, a Cowen Company
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