#United States #Nashville #Pavement Preservation #Holbrook Asphalt #Integrated Pavement

Pavement Preservation Group's Latest Strategic Move

Pavement Preservation Group, Inc. (PPG), a key player in the pavement preservation industry and a proud subsidiary of The Sterling Group, has taken a monumental step forward with its recent acquisition of Holbrook Asphalt, LLC and Integrated Pavement Solutions, LLC (IPS). This acquisition, announced on January 28, 2026, is poised to amplify PPG's operational capabilities and customer reach across the United States.

A Strategic Decision

The acquisition of Holbrook and IPS marks a significant milestone in PPG's growth strategy, positioning the company to better serve its extensive customer base, which includes departments of transportation, municipalities, homeowner associations, and roadway owners. Through this consolidation, PPG aims to provide superior pavement preservation solutions that extend the service life of asphalt infrastructure.

Founded in 1999 and based in St. George, Utah, Holbrook has established itself as a reliable contractor in the pavement preservation sector, particularly serving the Intermountain West, Southwest, and Southern regions of the United States. The addition of IPS, known for their innovative HA5™ high-density mineral bond products, enables PPG to offer advanced solutions designed to seal asphalt surfaces against the damaging effects of air, water, and UV exposure.

Enhanced Offerings and Expertise

PPG's acquisition of IPS, which focuses on manufacturing and marketing effective preservation solutions, will create a synergy between the two companies, enhancing the overall value offered to customers. The operational models of both Holbrook and IPS align perfectly with PPG's mission, allowing the newly formed entity to push the boundaries of quality and innovation within the pavement preservation landscape.

CJ Davis, President of Holbrook and IPS, expressed enthusiasm about the merger, highlighting that joining forces with PPG will expand their ability to reach more customers while continuing to deliver performance-driven solutions that safeguard critical infrastructure and reduce long-term ownership costs.

Darin Matson, CEO of PPG, also conveyed excitement regarding the acquisition, emphasizing its role in enhancing PPG's geographic footprint and service capabilities. As PPG scales its operations, they are dedicated to matching top-tier operators with essential resources and products that elevate customer service.

A Vision for the Future

The Sterling Group, a private equity firm with a robust history of partnering with management teams to enhance businesses, sees this acquisition as a stepping stone towards nurturing a leading platform in the pavement preservation market. Their strategy includes continued organic growth alongside disciplined acquisitions, with the aim of solidifying PPG's status as a premier provider of pavement preservation solutions.

As stakeholders in the industry watch closely, PPG is poised to redefine service standards in pavement preservation, leveraging enhanced technical expertise and a wider array of products to serve roadway owners and communities nationwide. With a commitment to quality and customer value driving their mission, PPG stands ready to make a lasting impact on the infrastructure landscape.

About The Sterling Group

Established in 1982, The Sterling Group specializes in private equity and private credit investments, primarily in the sectors of basic manufacturing, distribution, and industrial services. With an impressive track record of sponsoring 76 platform companies and managing an asset pool of approximately $9.0 billion, Sterling continues to support businesses like PPG in their quest for excellence and market leadership.

This latest acquisition signifies PPG's unwavering dedication to providing high-value pavement preservation services and reinforcing their position as a trusted ally for roadway owners throughout the country.