FMI Advises The Gorman Group in Sale of its Liquid Asphalt Terminal Assets to Peckham Industries

FMI Capital Advisors is pleased to announce the sale of The Gorman Group’s (Gorman) liquid asphalt terminal assets to Peckham Industries, Inc. FMI Capital Advisors served as the exclusive sell-side financial advisor to Gorman for this transaction.

Headquartered in Rensselaer, New York, Gorman’s terminal is the largest privately held asphalt terminal on the East Coast. The acquisition will provide Peckham with additional opportunities in the New York/New England region, supplying both internal and external hot-mix asphalt plants and emulsion mills.

“We are extremely excited for the Gorman terminal to join Peckham Industries,” noted Tony Gorman, President of Gorman. “Our shared values as family-owned companies will ensure a seamless transition as we work through the integration process. We are pleased that our terminal and employees will be a part of the growth of Peckham Industries in the surrounding region.”

Gorman adds, “FMI was steadfast during the entire transaction process. They ensured that our long-terms goals were understood and ultimately achieved, and we couldn’t have reached a successful close without their help.”

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]