City Capital Advises Rose Paving Company In Sale to Merit Capital Partners

CHICAGO, IL – October 26, 2015; City Capital Advisors, a results-oriented investment banking firm serving the middle market, announced today that it has advised Rose Paving Company, a leading provider of professionally outsourced parking lot preventive and restorative maintenance services to businesses throughout the U.S., Canada, and Puerto Rico, in a sale of the Company to Merit Capital Partners, a Chicago based private equity firm. City Capital Advisors was hired as the exclusive financial advisor to Rose Paving Company in order to evaluate various strategic options for the business and subsequently assist with a sale of the Company, thus allowing for an exit by the founder and majority owner, Alan Rose.

Merit will partner with the Company’s existing management team to fund organic growth as well as an acquisition growth strategy focused on expanding their geographic footprint and service offerings. Earlier this year, City Capital had assisted Rose Paving with their acquisition of DuraSeal, a Florida based paving Company. Edward Campbell, CEO, said “the entire City Capital team really understood what we were looking for in a capital partner and secured who we believe is a great fit in Merit Capital.” Alan Rose also commented, “Dick King and his firm have worked with my company for many years and I appreciate their dedication to making sure that my objectives as well as those of our management team were successfully accomplished.”

About Rose Paving Company, LLC

Rose Paving Company has become the name in providing parking lot surface management services to commercial property owners throughout North America. The Company offers a complete scope of business-to-business (“B2B”) services related to parking lot surface management including: asphalt patching and repair, asphalt reconstruction and resurfacing, advanced sealcoating, hot crack sealing, concrete repair and installation, lot marking, and storm sewer repair and installation. Furthermore, Rose specializes in providing consulting services for developing pavement management plans, budgeting, materials review and construction assessments, and educational seminars and training classes for property managers. The Company was founded in 1969 and is headquartered in Bridgeview, Illinois with additional offices in Atlanta, Chicago, Denver, Los Angeles, and Tampa.

About City Capital Advisors, LLC

City Capital Advisors, a FINRA registered broker-dealer, is a results oriented investment and merchant banking advisory firm. Client engagements are managed exclusively by experienced senior investment bankers who deliver business owners optimal performance in capitalizing on the value of their companies and meeting their objectives as shareholders. City Capital’s investment banking professionals have successfully advised clients on merger and capital markets transactions totaling in excess of $60 billion.