Banner Capital Management Launches New Firm Western Pavement Services in Strategic Alliance with Roadrunner
On April 30, 2025, Banner Capital Management, LLC announced a significant development in the asphalt maintenance sector by forming Western Pavement Services, Inc. This new venture will focus on providing top-notch asphalt maintenance across the Western United States. Banner has established a partnership with Roadrunner Paving and Asphalt Maintenance, LLC, a well-respected third-generation company founded by the Slade family in Mesa, Arizona.
The collaboration is led by Kendall Power, who is managing the operations at Roadrunner and will continue to serve as the President of this pioneering partnership. In his statement, Tyler Price, Managing Director of Banner, expressed his enthusiasm: "We are excited to partner with David Slade, Kendall Power, and the entire Roadrunner team. We believe in this historically resilient sector and have been fortunate to meet a number of multi-generational, founder and family-owned companies throughout the West which have a desire to combine forces to create a regional entity capable of serving local landlords and property managers."
Roadrunner will remain the primary operating unit functional in Arizona, allowing it to sustain its legacy of over 40 years in the industry and continue offering exceptional service to its clients in the Phoenix Metro area. Kendall Power echoed the commitment to growth, stating, "Roadrunner is stronger than ever, and we are already underway in our accelerated growth plans to add more services and capabilities to better serve our customers."
The partnership's vision underscores the importance of collaboration among family-owned businesses in the paving and maintenance industry, aiming to leverage their collective expertise. Tanner Ainge, the Founder and CEO of Banner, added, "This transaction is a perfect fit for us. As a firm, we have deep roots in Arizona and strive to be a partner of choice for founder-led and family-owned businesses in the Phoenix and Tucson markets. We are honored that the Slade family and Kendall would choose us as a capital partner."
Woodstock Capital Management has demonstrated its intent to impact the asphalt maintenance sector, recognizing its stability and demand. With its focus on family-owned and founder-led enterprises, the company is well-positioned to enhance service offerings in the regional market. As the industry evolves, Western Pavement Services is set to be a front-runner in meeting the needs of clients while driving growth for its partners.
For potential clients and partners in the West, this partnership represents an exciting opportunity to benefit from a combined wealth of experience and commitment to quality that Roadrunner and Western Pavement Services bring to the table. As the partnership continues to roll out its plans, both companies are poised for significant advancements in service provision within the asphalt maintenance landscape.
In summary, the formation of Western Pavement Services through the partnership of Banner Capital Management and Roadrunner sets a strong precedent for collaborative growth in the asphalt maintenance sector. This merger not only emphasizes the value of family-run businesses but also signals an enriching phase for the companies involved and their clientele as they expand their service offerings to better cater to customer needs.
The collaboration is led by Kendall Power, who is managing the operations at Roadrunner and will continue to serve as the President of this pioneering partnership. In his statement, Tyler Price, Managing Director of Banner, expressed his enthusiasm: "We are excited to partner with David Slade, Kendall Power, and the entire Roadrunner team. We believe in this historically resilient sector and have been fortunate to meet a number of multi-generational, founder and family-owned companies throughout the West which have a desire to combine forces to create a regional entity capable of serving local landlords and property managers."
Roadrunner will remain the primary operating unit functional in Arizona, allowing it to sustain its legacy of over 40 years in the industry and continue offering exceptional service to its clients in the Phoenix Metro area. Kendall Power echoed the commitment to growth, stating, "Roadrunner is stronger than ever, and we are already underway in our accelerated growth plans to add more services and capabilities to better serve our customers."
The partnership's vision underscores the importance of collaboration among family-owned businesses in the paving and maintenance industry, aiming to leverage their collective expertise. Tanner Ainge, the Founder and CEO of Banner, added, "This transaction is a perfect fit for us. As a firm, we have deep roots in Arizona and strive to be a partner of choice for founder-led and family-owned businesses in the Phoenix and Tucson markets. We are honored that the Slade family and Kendall would choose us as a capital partner."
Woodstock Capital Management has demonstrated its intent to impact the asphalt maintenance sector, recognizing its stability and demand. With its focus on family-owned and founder-led enterprises, the company is well-positioned to enhance service offerings in the regional market. As the industry evolves, Western Pavement Services is set to be a front-runner in meeting the needs of clients while driving growth for its partners.
For potential clients and partners in the West, this partnership represents an exciting opportunity to benefit from a combined wealth of experience and commitment to quality that Roadrunner and Western Pavement Services bring to the table. As the partnership continues to roll out its plans, both companies are poised for significant advancements in service provision within the asphalt maintenance landscape.
In summary, the formation of Western Pavement Services through the partnership of Banner Capital Management and Roadrunner sets a strong precedent for collaborative growth in the asphalt maintenance sector. This merger not only emphasizes the value of family-run businesses but also signals an enriching phase for the companies involved and their clientele as they expand their service offerings to better cater to customer needs.
Topics Business Technology）
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