FMI Advises The Gorman Group in Sale of its Contracting and Asphalt Emulsions Business to All States Materials Group

FMI Capital Advisors is pleased to announce the sale of The Gorman Group’s (Gorman) contracting and asphalt emulsions business to All States Materials Group. FMI Capital Advisors served as the exclusive sell-side financial advisor to Gorman for this transaction.

Headquartered in Albany, New York, Gorman is a family-owned company that provides a wide range of pavement preservation and road construction services. Since its founding in 1917, Gorman has evolved from its roots of applying liquid asphalt for new and resurfaced roads to being a large, multi-faceted company serving more than 750 municipalities in New York, New England and mid-Atlantic states. All States Materials Group purchased Gorman’s main offices at the Port of Albany, an asphalt emulsions plant and a highway construction and maintenance facility.

“Working with the team at FMI Capital Advisors helped us find the best strategic fit during the sale process for our longstanding family business,” said Tony Gorman, President of Gorman. “We were pleased with the diligent support from the FMI team and are excited to see the integration of the business with All States.”

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 our deep market knowledge, strong technical expertise and an unparalleled network of industry relationships. For more information, visit fmicapitaladvisors.com.

FMI Capital Advisors Contact:
George Reddin
Managing Director
[email protected]