A Millville-based paving company has been acquired by a growing regional firm, according to a news release Friday.
Advanced Pavement Group, which serves New Jersey, as well as Connecticut, Delaware, Maryland, New York and Pennsylvania, has acquired Easmunt Paving Inc. as part of its strategic expansion in the Northeast and Mid-Atlantic regions, it said.
Easmunt President Bruce Easmunt will become president of Advanced Pavement Group’s South New Jersey branch.
“It was time to explore the next chapter in Easmunt’s story,” he said in a prepared statement. “Becoming part of Advanced Pavement Group solidifies a strategy for growth and provides expanded opportunities for our employees. We felt it was important that we align with an organization where the talents of our people could be amplified.”
Financial terms of the transaction were not disclosed.
Advanced Pavement Group, a Dubin Clark portfolio company, acquired a South Plainfield business, Supreme Metro, in 2017.