Let’s Pave is pleased to announce we have selected Saw Mill Capital Partners II, LP and affiliated private equity investment funds managed by Saw Mill Capital LLC (“Saw Mill”) as our financial and strategic partner. Our management team will retain significant ownership and continue to lead the business going forward.
C.B. Kuzlik, CEO and Founder of Let’s Pave, commented, “Our partnership with Saw Mill Capital represents a great step forward for Let’s Pave. The Saw Mill team brings significant facilities maintenance expertise, actionable strategic account relationships, and a strong suite of research, technology, and resources to support Let’s Pave’s continued growth. We are excited to find a partner that shares our vision and commitment to delivering the highest quality parking lot maintenance service and creating significant value for our customers.”
Tim Nelson, a Partner at Saw Mill Capital, said, “We are excited to partner with Let’s Pave to accelerate the penetration of the company’s innovative business model across the U.S. Let’s Pave’s leadership team has built an impressive organization and extensive network of local paving partners over a short period, and we look forward to partnering with the company in realizing its growth potential.”
The partnership was officially announced during the company’s quarterly meeting in Chicago and celebrated during a group dinner.