Latham & Watkins Advises The Sterling Group on Acquisition of Pavement Preservation Group, Inc. and Vance Brothers, LLC

The Sterling Group (Sterling), a Houston-based middle market private equity firm, has announced the acquisitions of Arizona-headquartered Pavement Preservation Group, Inc. (PPGI), and Vance Brothers, LLC (Vance), headquartered in Kansas City. As part of this series of transactions, the PPGI and Vance organizations will operate as regional divisions of Pavement Preservation Group (PPG), a newly formed national platform aimed at building upon the acquired companies’ regional leadership across the southwest and central United States to forge the sector’s preeminent nationwide operator. PPG will be led by Darin Matson, a pavement sector senior executive with over 25 years of experience, who most recently served as the CEO of the Rogers Group, Inc., the largest privately owned aggregates producer in the United States with significant highway construction and asphalt service offerings in the Southeast.

Latham & Watkins LLP represented Sterling in the transaction with a corporate team led by Houston partner Bruce Herzog, with associates Adam Hurwitz and Dean Dixon. Advice was also provided on tax matters by Bay Area partner Katharine Moir, with associate Jake Meninga; on benefits and compensation matters by New York partner Bradd Williamson and Chicago counsel Leah Segall; on data privacy matters by Austin/Houston partner Robert Brown; on environmental matters by New York associate Brittany Curcuru; on finance matters by Boston partner Susan Parker with assistance from Maggie Guidotti; on government contracts matters by Washington, D.C. partner Kyle Jefcoat, with associate Blake Page; on labor matters by Chicago counsel Laura Waller; and on real estate matters by New York counsel Shira Bressler, with associate Chika Onyejiukwa.