Eurovia a subsidiary of Vinci, has acquired Lane Construction’s Asphalt Plants & Paving
Lincoln International is pleased to announce the successful acquisition by Eurovia, a subsidiary of VINCI, of the Asphalt Plants & Paving activities of Lane Construction, the U.S. subsidiary of Salini Impregilo Group, for a total consideration of $555 million.
Based in 10 states, on the U.S. East Coast and in Texas, the Asphalt Plants & Paving business generates over $600 million in annual revenue and include approximately 40 asphalt-production plants and several quarries.
This acquisition complements Eurovia’s current operations in the United States where its subsidiaries Hubbard Construction and Blythe Construction operate in the Southeastern states of Florida, Georgia, North and South Carolina.
As a result of this acquisition, Eurovia becomes one of the larger asphalt producers and one of the leading companies for heavy civils on the East Coast with a total revenue of about 1.2 billion dollars.
Lincoln International acted as the exclusive financial advisor of Eurovia, supporting the acquirer in all aspects of the transaction – including process management, valuation, due diligence and negotiation support.
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