Concrete & Asphalt Paving / Road & Highway Construction | Metro Atlanta, Georgia
Founded in 2001 by Lori Marxmiller, Lori's Transportation & Excavation built a reputation as one of Metro Atlanta's dependable concrete and asphalt paving subcontractors. The company provided asphalt milling and resurfacing, patch and permanent paving, general milling, and concrete work across Georgia and neighboring states including Tennessee and Alabama.
Its core customers included water and sewer contractors and other firms bidding municipal infrastructure work, with projects tied to annual resurfacing programs in DeKalb and Clayton counties, the City of Atlanta, and other Georgia municipalities.
Repeat customers generated roughly 80% of annual business, and the company's longest client relationships stretched to 15 years. Lori's typically served 20 to 25 active clients across approximately 45 to 55 contracts per year.
After nearly 20 years building the company, Lori Marxmiller was ready to retire. Because she remained the primary contact for several key clients, the transition itself was just as important as the sale.
Her objectives were a complete buyout, a buyer that would honor Lori's long-standing customer relationships, and an orderly handoff. She ultimately stayed with the company for one year after closing to transition customers and support continuity for the crews.
Sunbelt Atlanta was engaged as exclusive sell-side advisor, with the transaction led by Dealmakers Doreen Morgan and Mark Werbalowsky. The team built a broad universe of strategic acquirers, private equity-backed platforms, and financial buyers active in paving, road and highway construction, and infrastructure services.
Over the course of the engagement, 221 qualified buyers engaged under strict confidentiality, protecting Lori's employees, customers, and market position throughout the sale process.
That reach generated six letters of intent, giving the seller meaningful choice among competing offers. The transaction moved from launch to close in six months.
Ownership selected Ciropic Construction because the combination offered more than a financial exit. Ciropic's broader heavy-road platform created the resources to pursue additional regional paving, highway, and utility-related work while preserving the customer relationships and reputation Lori's had built over nearly two decades.
For Ciropic Construction, the acquisition fit a roll-up strategy in a fragmented heavy-road construction market. Lori's brought immediate access to loyal customers, established municipal relationships, recurring resurfacing work, and specialized WOSB credentials.
Lori's entered the market while demand was still growing. The company was regularly turning down projects because it lacked enough estimators, managers, and crews to pursue all available work—giving buyers a visible path to growth simply by adding resources.
The transaction closed against a backdrop of rising investment in roadway infrastructure. Metro Atlanta's growing population, municipal repair programs, and recurring road and bridge maintenance needs supported demand for experienced paving and infrastructure contractors.
The market also remained highly fragmented, with roughly 41.5% of firms employing fewer than five people. As buyers pursued consolidation strategies, contractors with strong municipal relationships, repeat customers, specialized credentials, and a reputation for quality became increasingly attractive acquisition targets.
Lori's Transportation & Excavation's story shows what's possible when a growing contractor goes to market from a position of strength and the right buyer is selected through a confidential, competitive process. Sunbelt Atlanta advises privately held companies with no upfront fees.
Since 1998, Sunbelt Atlanta has helped business owners across Georgia and the Southeast sell their companies confidentially and on their own terms. With more than 1,250 businesses sold, a no-upfront-fee, success-driven approach, and experience across industries including paving and road construction, Sunbelt Atlanta's Dealmakers guide owners through every stage of a sale, from valuation through closing.
Owners of paving, road construction, and infrastructure services companies who are considering a sale, whether now or a few years down the road, are welcome to begin with a confidential conversation about their options.