Pavement Preservation Group Inc. (PPG) of Nashville, Tennessee, has acquired a pair of St. George-based paving and paving products firms.
The company has purchased Holbrook Asphalt LLC and Integrated Pavement Solutions LLC (IPS) and their related pavement preservation affiliates.
PPG is a portfolio company of The Sterling Group, a Houston-based middle-market private equity firm. It provides specialized pavement preservation products and services aiding departments of transportation, municipalities, homeowner associations and roadway owners to extend the life of asphalt infrastructure.
The addition of Holbrook and IPS marks PPG’s third acquisition since the platform was formed in partnership with Sterling in 2024.
Founded in 1999, Holbrook is a pavement preservation contractor serving customers across the Intermountain West, Southwest and southern United States. IPS manufactures and markets a suite of pavement preservation solutions, including HA5 high-density mineral bond, designed to seal and protect asphalt surfaces from air, water and UV exposure. These solutions extend roadway life, reduce total lifecycle costs and allow asset owners to extend their budgets, the company said.
“By combining IPS’s specialized products and market expertise as well as Holbrook’s value driven operating model with PPG’s growing national platform, customers will benefit from expanded access to advanced preservation solutions, deeper technical expertise and consistent service quality across more markets,” PPG said in its announcement.
“The missions of IPS, Holbrook and PPG are fully aligned,” said C.J. Davis, president of Holbrook and IPS. “Joining PPG allows us to expand our impact, serve more customers and continue delivering high-performance solutions that protect infrastructure and reduce long-term ownership costs. We’re excited to be part of a platform that shares our commitment to quality, innovation and delivering the best value to
the customer.”
“We are thrilled to welcome Holbrook and IPS to the PPG family,” said Darin Matson, CEO of PPG. “This acquisition expands our geographic reach and enhances our ability to deliver differentiated, high-value solutions to our customers. As we continue to scale the platform, our focus remains on pairing best-in-class operators with the resources, capabilities and products needed to better serve customers.”