- Category: Deal Announcements
- Created: Wednesday, 10 July 2019 20:07
- Written by Craig Castelli
July 10, 2019
For Immediate Release
Caber Hill Advisors announced today that it advised Let’s Pave, LLC in its recapitalization transaction with Saw Mill Capital LLC. Caber Hill acted as the exclusive financial advisor to Let’s Pave in the transaction.
Based in Oak Brook, Illinois, Let’s Pave is a leading national provider of outsourced parking lot maintenance and repair services to multi-location commercial property owners. The Company provides best-in-class service and rapid response to its customers’ asphalt and concrete parking lot needs across the country through a proprietary network of preferred, local paving partners. Through its technical knowledge and expertise in procurement, project management and quality control, Let’s Pave drives significant long-term savings for property owners by proactively managing their parking lot maintenance programs.
C.B. Kuzlik, President, CEO and Founder of Let’s Pave, commented, “Our partnership with Saw Mill Capital represents a great step forward for Let’s Pave. The Saw Mill team brings significant facilities maintenance expertise, actionable strategic account relationships, and a strong suite of research, technology and resources to support Let’s Pave’s continued growth. We are excited to find a partner that shares our vision and commitment to delivering the highest quality parking lot maintenance service and creating significant value for our customers.”
Tim Nelson, a Partner at Saw Mill Capital, said, “We are excited to partner with Let’s Pave to accelerate the penetration of the company’s innovative business model across the U.S. Let's Pave’s leadership team has built an impressive organization and extensive network of local paving partners over a short period, and we look forward to partnering with the company in realizing its growth potential.”
Peter Holton, Caber Hill’s Managing Director covering the facilities services industries, led the transaction. “C. B. Kuzlik and the Let’s Pave team have built an incredible company,” commented Mr. Holton. “It’s clear that Let’s Pave is the go-to company in the paving industry, and I am confident that their partnership with Saw Mill Capital will strengthen their already dominant position in the industry.”
C.B. Kuzlik also commented on working with Caber Hill, “I’ve known Peter Holton for over 13 years, so it was a no brainer to hire his firm, Caber Hill Advisors. They are experts in the facilities services space and have one of the best names in the industry. Peter and his team went above and beyond the call of duty to ensure all expectations were surpassed. I couldn’t have asked for more in an investment banking firm.”
The transaction closed on June 14, 2019. Specific terms of the transaction have not been disclosed. This is the fifth investment in Saw Mill’s most recent private equity fund.
About Caber Hill Advisors
Caber Hill Advisors is committed to working with business owners and CEO's to successfully fulfill their personal and professional legacies. We serve small and middle market companies, in very specific verticals, who want to either sell a business or make an acquisition.