SMC Infrastructure Partners, via its infrastructure construction and rehab platform company Infra Build Holdings, has partnered with management to recapitalize Miami–based infrastructure paving contractor General Asphalt Co.
General Asphalt is a nationally recognized integrated asphalt producer and paver with more than 50 years of delivering high-performance results to its bench of surface infrastructure owner customers.
SMC and General Asphalt management were supported by capital contributions from debt funds managed by IFM Investors and Turning Rock Partners (TRP).
“We have been repeatedly approached by potential buyers and capital partners over the years, but no one understood our business or the infrastructure assets we serve the way that SMC did,” said Rob Lopez Jr., CEO of General Asphalt. “Their depth of specialized infrastructure and construction knowledge impressed us, and their sharing of our vision and values gave us the confidence to ultimate
