Fort Point Capital Completes Recapitalization of Gulf Pride Paving
Boston-based private equity firm Fort Point Capital has finalized a recapitalization of Gulf Pride Paving, LLC, in collaboration with CEO Michael Jenner and founder BJ Sellers. The transaction aims to accelerate the growth of the Mississippi-based infrastructure company, which specializes in paving, civil construction, soil stabilization, and concrete work across the Gulf Coast region. The investment is intended to expand Gulf Pride's geographic footprint and service capabilities throughout Mississippi, Alabama, and Louisiana. Avante Capital Partners provided debt financing for the deal, while The Enginuity Group acted as financial advisor and Nichols Wrigley served as legal counsel.
Topics: debt financing infrastructure services private equity recapitalization