PHILADELPHIA, PA — StonePoint Materials LLC (“StonePoint”) today announced the acquisition of Road Builders, LLC (“Road Builders”). Road Builders is one of Kentucky’s oldest materials and paving construction operations, serving Western Kentucky with two quarries, three asphalt plants, and paving and construction crews.
Founded in 1948 and further expanded in 1988 by owners John Stovall and Bernice Cornette, Road Builders is currently owned and operated by Teresa Dozer and Laura Dozer, the third and fourth generation owners, respectively. The acquisition of Road Builders will complement StonePoint’s subsidiaries Winn Materials and McIntosh Construction in Western Tennessee and Kentucky.
“Road Builders is an exciting opportunity to add a highly experienced team and excellent assets as we expand further into Kentucky,” said Colin Oerton, Chief Executive Officer of StonePoint. “Laura and Terri have built on a long legacy of quality work, and we look forward to continuing that legacy.”
Laura Dozer remarked, “It was a difficult decision to sell the company my family has owned for 70 years, but Terri and I immediately felt comfortable with the StonePoint team and are confident it is the best home for our employees.”
“The acquisition of Road Builders continues to demonstrate our thesis of investing in founder-owned companies with strong market share that want to partner with one of the leading independent aggregate producers in North America,” said Aaron Wolfe, Managing Director at Sun Capital Partners, whose affiliate owns StonePoint. “We look forward to working with StonePoint to continue to expand its geographic presence and scale.”