Capstone Partners advised Artistic Paver Manufacturing, Inc.—a leading manufacturer of interlocking pavers—on its sale to Blue Ridge Construction Capital. Terms of the deal were not disclosed.
Artistic Paver, based in Miami Beach, FL, is a manufacturer of premium interlocking, decorative concrete pavers sold for outdoor living applications. The company has manufacturing facilities in Miami and Phoenix and serves the fast-growing Southeastern and Southwestern geographic markets.
Dan Essig, who founded Artistic in 2000, will serve as a full-time advisor and join the Board of Directors. Essig stated, “I am really proud of the successful 22-year history of Artistic and even more excited to work with Blue Ridge to build the company into a category leader.”
We have supported Dan Essig and Artistic for the past 6 years and, during that time, we have had the opportunity to assist in and witness the business grow and develop into the market leader for premium, decorative concrete pavers. We are excited and optimistic about the next investment horizon with the support of BRCC.
Blue Ridge Construction Capital is a private equity firm investing in family- and founder-owned businesses primarily in the building products sector. BRCC Managing Partner and Co-Founder, Casey Rentch, commented, “Dan has built a best-in-class concrete paver company and we are thrilled to partner with him and Matt to expand on the company’s incredible momentum.”
Ben Hughes, Partner and Co-Founder at BRCC, added, “We are excited to add Artistic to the Blue Ridge portfolio. The company’s unique growth and profitability profile are consistent with our goal of partnering with founders to acquire exceptional building products companies.”
The expert investment banking professionals on Capstone Partners’ Building Products Team work with leading middle market companies operating in the Building Products and Materials market to advise with their strategic decision-making in order to maximize financial outcomes at every stage of the business lifecycle. Our firm has developed a full suite of corporate finance solutions, including M&A advisory, debt advisory, financial advisory, and equity capital financing to help privately owned businesses and private equity firms address any need, ranging from growth and financial or operational advisement to an ultimate exit transaction. To learn more about this transaction, or about the benefits of starting a relationship with our Building Products Banking Team, contact us here.