About Associated Asphalt
Associated Asphalt is a company based in Roanoke (United States) founded in 1948, and was acquired by Goldman Sachs in February 2012. Asphalt and paving materials are produced and supplied. The company has 252 employees. Associated Asphalt has completed 1 acquisition, including Marian Asphalt. Associated Asphalt offers products and services including Asphalt Emulsions and Paving Grade Asphalt. Its legal entity is Associated Asphalt, Inc.
Company details
Associated Asphalt was founded in 1948 in Roanoke, United States, and operates in the paving materials sector. A range of products is offered, including performance-grade liquid asphalts, emulsions, polymer-modified asphalt, and asphalt rubber binder products. Business is conducted through four subsidiaries: Seaco Asphalt Emulsion, Mariani Asphalt, Colprovia, and Bituminous Technologies (BT Lab). Operations focus on production and supply for paving applications.
- Headquarters Roanoke, United States
- Employees 252
- Stage Acquired
- Email••••••••
- Phone•••• ••••
- Website associatedasphalt.com
- Social LinkedIn X Facebook
- Acquired by Goldman Sachs (Feb 2012)
- Legal Name Associated Asphalt, Inc
- InvestorsGoldman Sachs
& 1 more
- Employee Count252
- Investments & Acquisitions
- Acquired by
Products & Services of Associated Asphalt
Associated Asphalt offers a comprehensive portfolio of products and services, including Asphalt Emulsions and Paving Grade Asphalt.
Asphalt emulsions are provided for pavement preservation and maintenance applications in road projects.
Paving grade asphalt is supplied for infrastructure development, reconstruction, and industrial uses.
Funding Insights of Associated Asphalt
- Total Rounds 1
- Investors Count 1
All 1 funding rounds of Associated Asphalt with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun 2016 | Private Equity Round | – | – |
2 investors in total: 2 institutional.
Investors in Associated Asphalt
Associated Asphalt has secured backing from 2 investors, including institutional and venture fund investors. Prominent investors backing the company include Goldman Sachs and ArcLight.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Investment banking services are delivered across multiple financial sectors. | 1869 | goldmansachs.com | New York, United States | |
Infrastructure investments are focused on energy transition and digital economy by ArcLight. | 2001 | arclight.com |
Investor details for Associated Asphalt
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of Associated Asphalt
21 people are tracked at Associated Asphalt (11 in leadership, 1 in board & advisors, 9 in team); the tracked headcount is 252.
| Name | Role | Group |
|---|---|---|
James Hill | COO | Leadership |
Sean Jendry | Director of Supply | Leadership |
Andy Hetz | Director of Environmental Health & Safety | Leadership |
John Janes | CEO & President | Leadership |
Chad Gemberling | Director of Sales & Marketing & Commodity & Performance Products | Leadership |
Sam Cannon | VP, Operations | Leadership |
Gary Evans | Director of Operations | Leadership |
Greg Kurantowicz | Director of Marine Operations | Leadership |
Kevin McGlumphy | Director of Materials & Research | Leadership |
Marie Lavinder Greer | Director of HR | Leadership |
Michael Hudson | Senior Director of Supply Management | Leadership |
JW Kirk | Chairman | Board & advisors |
Steve Tunnell | Terminal Manager | Team |
Dave Cohan | General Counsel | Team |
Becca Weddle | Accounting Supervisor | Team |
Joe Strickland | Terminal Manager | Team |
Jacob Exline | Area Sales Manager | Team |
David Lind | Regional Operations Manager- Va Region | Team |
Tricia Simons | Sales And Marketing Analyst | Team |
Beverly Padgett | Senior Accountant | Team |
1 more people are available in the full profile.
Complete people profiles for Associated Asphalt
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Investments & Acquisitions by Associated Asphalt
Associated Asphalt has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Marian Asphalt.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Provider of asphalt products | marianiasphalt.com | Roanoke, United States | 1948 | Jun 2007 | •••• |
Complete acquisition details for Associated Asphalt
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
- Acquired stakes
- Deal sources
- Complete history
- Exports
Verified entity values are shown only after access is granted.
Timeline of Associated Asphalt
5 dated milestones of Associated Asphalt across 68 years, from founding to its latest funding, stage changes and deals.
- Founded Associated Asphalt is founded.
- Exit Acquired by ArcLight.
- Acquisition Acquires Marian Asphalt.
- Exit Acquired by Goldman Sachs.
- Funding First funding round.
Web traffic of Associated Asphalt
The website of Associated Asphalt (associatedasphalt.com) receives about 1.7K visits a month.
- Monthly visits1.7K
▲ 47.8% vs previous month
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Frequently Asked Questions about Associated Asphalt
Associated Asphalt was founded in 1948 and raised its 1st funding round 68 years after it was founded.
Associated Asphalt is headquartered in Roanoke, United States. It is registered at Roanoke, Virginia, United States.
Associated Asphalt has 252 employees.
Associated Asphalt was founded in 1948 in Roanoke, United States, and operates in the paving materials sector. A range of products is offered, including performance-grade liquid asphalts, emulsions, polymer-modified asphalt, and asphalt rubber binder products. Business is conducted through four subsidiaries: Seaco Asphalt Emulsion, Mariani Asphalt, Colprovia, and Bituminous Technologies (BT Lab). Operations focus on production and supply for paving applications.
Associated Asphalt offers Asphalt Emulsions and Paving Grade Asphalt.
Associated Asphalt has made 1 acquisition, including Marian Asphalt.
Associated Asphalt has 2 investors. Key investors include Goldman Sachs, and ArcLight.
Associated Asphalt operates through Associated Asphalt, Inc.
Yes. Associated Asphalt was acquired by Goldman Sachs in February 2012.