Kansas City, MO October 06, 2025
Vance Brothers, LLC (“Vance”), a division of Pavement Preservation Group, Inc. (“PPG”), today announced the acquisition of Circle C Paving and Construction, LLC and Circle C Transport, LLC (collectively “Circle C”). The operating divisions of PPG, a portfolio company of The Sterling Group (“Sterling”), provide pavement preservation products and services to customers across the country to help extend the life of urban and rural asphalt roads via best-in-class local execution capabilities.
The Circle C transaction marks PPG’s third acquisition since partnering with Sterling. Headquartered in Goddard, Kansas, Circle C is a leading regional provider of pavement preservation services, primarily chip and scrub sealing, to public, commercial and residential customers in Kansas and northern Oklahoma. Circle C and Vance will operate as an integrated business going forward continuing to provide best-in-class pavement preservation services to their customers. “This partnership with Vance and PPG will enable us to expand our reach and capabilities, benefiting our customers and employees alike,” said Chad Alexander, owner of Circle C.
“Vance and Circle C are a natural fit as both teams share an unparalleled commitment to safety and providing its customers with quality products and services; we look forward to adding Circle C’s expertise into our growing platform,” said Adrian Johnson, President of Vance Brothers.
“We are excited to partner with Chad and the Circle C team to continue building our presence in Kansas and Oklahoma. We look forward to adding additional best-in-class operations to the PPG platform in the future,” said Darin Matson, CEO of PPG. Over the last year, Sterling has executed on its investment thesis to build a leader in the pavement preservation industry. Through organic growth and further acquisitions, PPG intends to continue building the leading national pavement preservation platform with best-in-class local execution capabilities. Sterling has a long history of partnering with entrepreneurs and management teams to support the continued growth of their businesses.
About The Sterling Group
Founded in 1982, The Sterling Group is a private equity and private credit investment firm that targets investments in basic manufacturing, distribution, and industrial services companies. Typical enterprise values of these companies at initial formation range from $100 million to $750 million. Sterling has sponsored the buyout of 76 platform companies and numerous add-on acquisitions for a total transaction value of over $25 billion. Sterling currently has approximately $9.0 billion of assets under management. For further information, please visit www.sterling-group.com.
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