AEA Investors and British Columbia Investment Management Corporation (BCI) have acquired a majority equity interest in Pave America, a provider of commercial paving maintenance services, from Trivest Partners and Shoreline Equity Partners, which will be maintaining minority equity interests in Pave America. AEA Investors and BCI are supporting the company as it continues its expansion across North America. Shoreline formed Pave America in June 2021 (then Pavement Partners) in partnership with Tom York, the former CEO of private equity-owned Fire & Life Safety America…
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