Associated Asphalt Overview

  • Year Founded
  • 1948

Year Founded

  • Status
  • Acquired/​Merged

  • Employees
  • 250

Employees

  • Latest Deal Type
  • M&A

  • Financing Rounds
  • 13

  • Investments
  • 4

Associated Asphalt General Information

Description

Manufacturer of liquid asphalt to the paving industry in the Mid-Atlantic United States. The company is engaged in supplying, manufacturing, and hauling liquid asphalt products, including emulsions, polymer-modified asphalt and asphalt rubber binder, providing asphalt storage capacity, operating storage tanks and controlling asphalt terminals located throughout the Mid-Atlantic and Southeastern U.S.

Contact Information

Formerly Known As
Fuel Oil & Equipment Company
Ownership Status
Acquired/Merged
(Operating Subsidiary)
Financing Status
Formerly PE-Backed
Corporate Office
  • P.O. Box 12626
  • Roanoke, VA 24027
  • United States
+1 (540)
Primary Industry
Raw Materials (Non-Wood)
Other Industries
Building Products
Other Commercial Products
Parent Company
Ergon Asphalt & Emulsions
Vertical(s)
Corporate Office
  • P.O. Box 12626
  • Roanoke, VA 24027
  • United States
+1 (540)

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Associated Asphalt Valuation & Funding

Deal Type Date Amount Valuation/
EBITDA
Post-Val Status Debt

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Associated Asphalt Patents

Associated Asphalt Recent Patent Activity

Publication ID Patent Title Status First Filing Date Technology (CPC) Citations
CA-2964507-C Fuel-resistant liquid asphalt binders and methods of making the same Active 15-Oct-2014
CA-2964507-A1 Fuel-resistant liquid asphalt binders and methods of making the same Active 15-Oct-2014

Associated Asphalt Signals

Growth Rate

Weekly
Growth
Weekly Growth

Size Multiple

Median
Size Multiple

Key Data Points

Similarweb Unique Visitors

Majestic Referring Domains

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Associated Asphalt Former Investors

Investor Name Investor Type Holding Investor Since Participating Rounds Contact Info

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Associated Asphalt Investments (4)

Associated Asphalt’s most recent deal was a Buyout/LBO with Axeon Specialty Products (Axeon Marketing). The deal was made on 09-Feb-2017.

Company Name Deal Date Deal Type Deal Size Industry Lead Partner
Axeon Specialty Products (Axeon Marketing) 09-Feb-2017 Buyout/LBO Energy Marketing
Regional Enterprises 20-Nov-2015 Buyout/LBO Logistics
Seaco (Columbia) 01-Jun-2012 Buyout/LBO Other Materials
EA Mariani Asphalt 19-Jun-2007 Buyout/LBO Raw Materials (Non-Wood)
To view Associated Asphalt’s complete investments history, request access »

Associated Asphalt FAQs

  • When was Associated Asphalt founded?

    Associated Asphalt was founded in 1948.

  • Where is Associated Asphalt headquartered?

    Associated Asphalt is headquartered in Roanoke, VA.

  • What is the size of Associated Asphalt?

    Associated Asphalt has 250 total employees.

  • What industry is Associated Asphalt in?

    Associated Asphalt’s primary industry is Raw Materials (Non-Wood).

  • Is Associated Asphalt a private or public company?

    Associated Asphalt is a Private company.

  • What is Associated Asphalt’s current revenue?

    The current revenue for Associated Asphalt is .

  • How much funding has Associated Asphalt raised over time?

    Associated Asphalt has raised $364M.

  • Who are Associated Asphalt’s investors?

    ArcLight Capital Partners, DelTex Capital, Goldman Sachs Asset Management, and HCI Equity Partners have invested in Associated Asphalt.

  • When was Associated Asphalt acquired?

    Associated Asphalt was acquired on 15-Dec-2023.

  • Who acquired Associated Asphalt?

    Associated Asphalt was acquired by Ergon Asphalt & Emulsions.

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