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26 Jan

FMI Advises Russell Standard in Sale to Ergon

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FMI Capital Advisors is pleased to announce the sale of Russell Standard to Ergon Asphalt & Emulsions. FMI Capital Advisors served as the exclusive sell-side financial advisor to Russell Standard for this transaction.

Russell Standard is a premier liquid asphalt/asphalt emulsions supplier and pavement preservation contractor based in Pittsburgh, Pennsylvania. The company can be traced back to 1929 when Niles E. Russell established an office for Tri-State Culvert Company. Today, Russell Standard is one of the largest independent liquid asphalt/asphalt emulsions suppliers in the Eastern United States. The company operates eight terminals and two construction yards in Pennsylvania, Ohio, Maryland, Delaware and North Carolina, with pavement preservation operations spanning the Eastern United States.

“Partnering with FMI was a critical decision in this process,” said Matt Johnson, owner of Russell Standard. “Their team's guidance and sector expertise were instrumental in achieving a successful outcome. We know that our business will be in good hands with Ergon and are confident that this will be an exciting new chapter for our employees and customers.”

About FMI Capital Advisors:
FMI Capital Advisors has fully dedicated and deeply experienced investment banking teams advising clients on merger and acquisition (M&A) transactions across the built environment. We maximize value for our clients through deep market knowledge, strong technical expertise and an unparalleled network of industry relationships. Our Construction Materials team has a combined 35 plus years of experience and has completed more than 100 transactions in the sector. For more information, visit fmicapitaladvisors.com.

FMI Capital Advisors Contacts:

Rob Mineo
Managing Director
919.539.6861
[email protected]

George Reddin
Managing Director
919.349.1919
[email protected]

Evan Coughlin
Director
919.407.0469
[email protected]