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Soundcore Capital Partners Acquires ACI Asphalt and Concrete.

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MANews-(C)2009-2022

New York-based private equity firm Soundcore Capital Partners, LP has acquired Minnesota, US-based asphalt and concrete installation, maintenance and repair services provider ACI Asphalt and Concrete, Inc., the firm said.

ACI Asphalt and Concrete has two locations (greater Minneapolis metropolitan area and western Wisconsin).

In connection with the acquisition, Soundcore has created a new holding company with its partner, Jim Bebo, the founder of ACI.

This transaction represents the first investment in Soundcore's commercial paving platform.

ACI was founded by Jim Bebo, a 30-plus-year commercial paving industry veteran. The company he built has a team of tenured executives, including president Justin Pomerleau and CFO Mark Goebel.

Kirkland and Ellis provided legal counsel to Soundcore. Northborne Partners provided financial advisory services to ACI.

Terms of the transaction were not disclosed.

Soundcore Capital was founded in 2015 by Jarrett Turner and is based in New York, NY. Soundcore...

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