The decades-old Yeghoian Grading and Paving of Apple Valley was recently acquired by two California-based entrepreneurs.
Calder Capital, a nationwide mergers and acquisitions advisory firm, announced on Thursday the acquisition of Yeghoian by Derrick LeBlanc and Greggory Sgarlata.
Since its founding in 1980 by the late Robert Yeghoian, the grading and paving company has become a household name for asphalt paving, grading, sealcoating, striping, excavation and parking lot maintenance contractors.
Yeghoian Grading and Paving serves Apple Valley, Hesperia, Victorville, Barstow, Wrightwood, Adelanto, and other Southern California communities.
One of the first major projects by Yeghoian Grading was drainage and paving work on the new 35,000-square-foot Park Avenue Plaza in Victorville.
Robert Yeghoian retired from the company in 1998, moved out of state, and died in 2017.
Family time comes first
After 28 years with the business, Bill Chaves engaged Calder Capital’s Sell-Side team to identify a qualified buyer capable of preserving the company’s legacy, as he sought to spend more time with his 22 grandchildren, Calder Capital stated.
Chaves’ engagement led to Calder Capital marketing and advising the sale of their business to LeBlanc and Sgarlata.
LeBlanc discovered Calder Capital’s listing for Yeghoian Grading and Paving on BizBuySell.
As an established business owner looking to expand his portfolio and enter the paving industry, LeBlanc expressed strong interest in the company.
During the sale process, Calder’s Sell-Side team recognized complementary strengths between the two prospective buyers and facilitated an introduction.
Yeghoian Grading acquired
The duo ultimately partnered to acquire Yeghoian Grading and Paving, combining their experience and resources to position the company for continued growth and success.
Brad Wallace of Calder Capital served as the lead mergers & acquisitions advisor to Yeghoian Grading while Riley Hagen of Calder Capital served as lead analyst.
“Congratulations to Bill Chaves on building and stewarding an outstanding company,” Wallace said. “Due to Bill’s time, leadership, and vision, Yeghoian Grading and Paving has developed an exceptional reputation throughout the High Desert and Southern California construction markets over the years.”
Wallace said he’s certain that Yeghoian Grading and Paving’s employees, customers and legacy will remain in strong hands for years to come with Derrick and Greggory at the helm.
Calder Capital served as the exclusive Sell-Side mergers and acquisitions advisor to Yeghoian Grading and Paving. Legal counsel to the seller was provided by David Greiner of Greiner Law Corp.
Legal counsel to the buyers was provided by Tamara L. Harper. Accounting support for the buyers was provided by John Hannum.
Daily Press reporter Rene Ray De La Cruz may be reached at RDeLaCruz@VVDailyPress.com. Follow him on X @DP_ReneDeLaCruz
This article originally appeared on Victorville Daily Press: Yeghoian Grading and Paving of Apple Valley acquired
Reporting by Rene Ray De La Cruz, Victorville Daily Press / Victorville Daily Press
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By Rene Ray De La Cruz, Victorville Daily Press | USA TODAY Network
