D.A. Davidson Acts as Exclusive Financial Advisor to Elite Surface Infrastructure on Its Sale to Bow River Capital

D.A. Davidson & Co. announced today that it served as exclusive financial advisor to Elite Surface Infrastructure (“ESI”), a portfolio company of Silver Peak Partners and Peninsula Capital Partners (“Peninsula”), on its sale to Bow River Capital (“Bow River”). Headquartered in Denver, Colorado, ESI is a leading provider of asphalt and concrete infrastructure paving, maintenance, and expansion services.

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D.A. Davidson & Co. announced today that it served as exclusive financial advisor to Elite Surface Infrastructure, a portfolio company of Silver Peak Partners and Peninsula Capital Partners, on its sale to Bow River Capital. (Graphic: Business Wire)

Over its 20+ year history, ESI has built a premier surface infrastructure services provider with an extensive track record serving public and private customers across the Rocky Mountain region. The partnership with Bow River highlights the platform’s continued growth strategy to continue building a leading provider of asphalt and concrete solutions.

“I am proud of the success the ESI team has achieved,” said Chris Weems, CEO of ESI. “The ESI team's commitment to providing exceptional service to our customers has helped us become the leader in the Rocky Mountain region. Partnering with Bow River will enable the entire ESI team to continue supporting our valued customers while expanding our business.”

“We are thrilled to partner with Chris and the ESI team to support the next phase of the Company’s growth,” said Robert Fortier, Director at Bow River Capital. “The team has built a tremendous business with a strong reputation for excellence. Our investment will enable ESI to capitalize on new opportunities. Importantly, the entire management team will remain in place, ensuring continuity and a seamless transition as we work in concert to achieve our shared vision for growth.”

“ESI has done a tremendous job establishing itself as the leading services provider to the surface infrastructure sector,” said Tim Sznewajs, Managing Director and Head of Diversified Industrials investment banking at D.A. Davidson. “D.A. Davidson is excited to see ESI enter into a new partnership with Bow River that will facilitate the company’s continued growth and expansion.”

This transaction highlights the ongoing success of D.A. Davidson’s infrastructure services practice, serving leading firms in the sector.

D.A. Davidson Investment Banking is a leading full-service investment bank that offers comprehensive financial advisory and capital markets expertise. The group has extensive transaction experience serving middle-market clients worldwide across four industry verticals: Consumer, Diversified Industrials, Financial Institutions, and Technology. Together with its European strategic partner, MCF Corporate Finance, D.A. Davidson originates and executes transatlantic M&A transactions under the common brand of D.A. Davidson MCF International.

About D.A. Davidson Companies

D.A. Davidson Companies is an employee-owned financial services firm offering a range of financial services and advice to individuals, corporations, institutions, and municipalities nationwide. Founded in 1935 with corporate headquarters in Great Falls, Montana, and regional headquarters in Denver, Los Angeles, New York, Omaha and Seattle, the company has approximately 1,600 employees and offices in 30 states.

Subsidiaries include: D.A. Davidson & Co., a full-service investment firm providing wealth management, investment banking, equity and fixed income capital markets services, and advice; Davidson Investment Advisors, a professional asset management firm; D.A. Davidson Trust Company, a trust and wealth management company; and Davidson Fixed Income Management, a registered investment advisor providing fixed income portfolio and advisory services.

For more information, visit dadavidson.com.

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