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The Transaction

Delancey Street Partners is pleased to announce the following transaction:

March 2016
A.E. Stone, Inc.
Sale to Kiely Holdings L.L.C.
Sector: Infrastructure Services
Delancey Street Partners served as the exclusive financial advisor to A.E. Stone, Inc.

Delancey Street Partners is pleased to announce that we served as financial advisor to A.E. Stone, Inc. (“A.E. Stone” or “the Company”), a leading regional provider of construction materials and paving services, in its sale to Kiely Holdings, an affiliate of J.F. Kiely Group.

Delancey Street partnered with A.E. Stone to assess, evaluate and explore strategic alternatives; managed a competitive sell-side M&A process; and negotiated the terms of the transaction.

Headquartered in Pleasantville, New Jersey, A.E. Stone is one of the largest providers of construction materials, principally hot mix asphalt and aggregates, in it’s served market. The Company operates multiple strategically located hot mix asphalt plants with rail access. A.E. Stone’s materials are used in a variety of construction projects, including roads, highways, bridges, and parking facilities. The Company also offers paving and pavement recycling services. With a legacy of more than 90 years, A.E. Stone enjoys a strong position in its region and a reputation for premium quality products and services.

J.F. Kiely Group (“Kiely”), headquartered in Long Branch, New Jersey, manages multiple companies focused on different disciplines of utility infrastructure including construction, engineering, equipment, and manufacturing in the Mid-Atlantic region. Through J.F. Kiely Construction Co., Kiely offers diverse services including the installation of underground natural gas, cable, electric, water and sewer lines as well as horizontal directional drilling, high pressure tapping and stopping, conventional trenching, paving, welding, plastic fusion, snow control, fleet maintenance, and heavy transportation services. Through J.F. Kiely Service Co., Kiely provides engineering, procurement, and project management to the oil and gas industry.

The transaction was completed March 2, 2016.

The principals of Delancey Street Partners have significant experience serving the Industrial & Industrial Technology industries. To learn about our experience in Industrial & Industrial Technology, please click here.

For additional information about this transaction, please contact:

B. Andrew Schmucker
Managing Partner
484.533.6313
aschmucker@delanceyllc.com

Delancey Street Partners

Our offices are located in the suburbs of Philadelphia:
Five Tower Bridge, Suite 420 | 300 Barr Harbor Drive | West Conshohocken, PA 19428
(484) 533-6300

© 2017 Delancey Street Partners, LLC | Disclosures

Securities offered through SSG Capital Advisors, LLC. Member SIPC | Member FINRA, all other transactions effectuated through Delancey Street Partners, LLC