Lone Star Paving

What Lone Star Paving does

Lone Star Paving (legal entity Asphalt Inc., LLC) is a vertically integrated asphalt and concrete paving contractor headquartered in Austin, Texas. The company operates as a full-service paving firm with self-sourced materials: pre-acquisition it ran 10 hot-mix asphalt plants, 4 aggregate facilities, and a liquid asphalt terminal across Central Texas (Austin, Florence, New Braunfels, Spicewood, Temple, and San Antonio). Its service portfolio spans asphalt paving (new installation, repair, overlay, milling), concrete paving and flatwork (sidewalks, ADA ramps, dumpster pads), sealcoating, striping and signage (ADA-compliant), bulk asphalt material sales to other contractors, and FAA-compliant runway/helipad paving. Technically, the company produces custom mix designs including TXDOT-spec mixes, City of Austin mixes, Recycled Asphalt Pavement (RAP), High Modulus Asphalt Concrete (HMAC), and Type A/B/C/D/F hot-mix variants. The firm is a subsidiary of Construction Partners, Inc. (NASDAQ: ROAD) following an October 2024 acquisition valued at approximately $654 million in cash plus 3 million ROAD shares (~$878 million total), Construction Partners' largest deal to date and its entry into Texas as its seventh state.

The company reaches customers through a direct-to-consumer field-sales model: estimators conduct free on-site consultations, deliver quotes, and close project-based work. Pricing is fully quote-based with no published price list, and revenue is primarily earned through one-time project fees covering labor, materials, and scope, with a smaller maintenance-services stream (sealcoating, crack sealing, striping) that can recur on existing accounts. Customer segments include commercial properties (apartment complexes, shopping centers, medical facilities, office buildings), municipal and state government entities, residential property owners, and other contractors purchasing bulk asphalt. Documented customers include HEB, Medical Park Tower (Lillibridge Healthcare Services), CBRE, Greystar, Lincoln Property Company, and Barshop & Oles. Marketing channels rely on a local SEO-optimized website, an educational blog, organic social (Facebook/X/LinkedIn), and word-of-mouth referrals; the field-sales motion is the primary bottom-of-funnel conversion mechanism.

Name

Lone Star Paving

Legal name

Asphalt Inc., LLC

Website

https://lonestarpavingtx.com

Company type

Private

Founded year

2006

Operating status

Operating

Headcount range

251–500 employees

Short description

Lone Star Paving is a vertically integrated asphalt and concrete paving contractor serving commercial, municipal, and residential customers across Central Texas. It sources and mixes its own paving materials through multiple asphalt plants and now operates as a subsidiary of Construction Partners, Inc.

Ownership category

akta.pro rank

Product category

Asphalt and Concrete Paving Services

NAICS

Asphalt Paving Mixture and Block Manufacturing (324121)

SIC

Heavy Construction Other Than Bldg Const - Contractors (1600), Asphalt Paving & Roofing Materials (2950)

akta.pro primary industry

Asphalt Mixing & Paving Materials (Hot/Warm/Cold Mix, RAP/RAS Blends) (EUALAKAG)

akta.pro secondary industry

Asphalt & Pavement Removal / Milling (IMAFAKAM)

Keywords

• Asphalt paving services
• Concrete paving solutions
• Parking lot maintenance
• Asphalt material sales
• Commercial pavement construction

Headquarters

HQ city

Austin

HQ country

United States

HQ region

North America

Offices7 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Supply Chain, Operations, Infrastructure, Marketing or Sales

Revenue model

1. Asphalt Paving Services: Project-based revenue from commercial and residential asphalt paving services. Services include new installation, repairs, replacements, and overlays. Revenue is earned through one-time project fees based on scope, materials, and labor.
2. Concrete Paving and Flatwork: Revenue from concrete paving services including driveways, parking lots, sidewalks, ADA ramps, and commercial flatwork. Project-based pricing.
3. Asphalt Sales: Direct sales of asphalt materials from company-owned plants. Customers include contractors and property owners purchasing bulk asphalt for their own projects.
4. Maintenance Services: Ongoing maintenance contracts including sealcoating, crack sealing, striping, and repairs. Can be recurring revenue from existing clients.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

Lone Star Paving is a full-service asphalt and concrete paving contractor that delivers installation, repair, maintenance, and striping services for roads, parking lots, driveways, runways, and commercial flatwork across Central Texas. The company also produces and sells bulk asphalt mixes (TXDOT, RAP, HMA, CMA, HMAC) from its own asphalt plants, enabling vertical integration of material supply and paving operations.

Product overview

Lone Star Paving is a full-service asphalt and concrete paving company offering a comprehensive portfolio of paving services for commercial, municipal, and residential clients in Central Texas. The company's service offering consists of nine core offerings: Asphalt Paving Services (new installation, repairs, and replacements for roads, parking lots, driveways, and runways), Asphalt and Concrete Repairs (pothole repair, crack sealing, resurfacing, overlay, patching, milling, and replacement), Sealcoating (protective coating for asphalt surfaces), Striping and Signage (road and parking lot striping including ADA compliance), Asphalt Sales (production and bulk sale of various asphalt mix types including DOT, RAP, HMA, CMA, and HMAC), Concrete Paving and Flatwork (roads, parking lots, sidewalks, ADA ramps, and various flatwork applications), Parking Lot Repair and Maintenance, Driveway Resurfacing, and Landing Strip and Runway Paving (FAA-compliant airport runway and helipad services). The company operates its own asphalt plants and employs over 400 workers with 13 large paving crews and 3 smaller maintenance crews across Austin, Temple, San Antonio, and surrounding areas.

Differentiator

Problem solved

Functional benefit

Products and services

• Asphalt Paving Services

Quantifiable outcome

• One-year warranty on all work
• +2 more outcomes

Named customers8 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Scale indicators6 records

Recent moves4 records

Expansion highlights4 records

Broad incumbents

• Construction Partners, Inc. Lone Star's publicly-traded parent company (NASDAQ: ROAD), specializing in civil infrastructure services including asphalt paving and manufacturing. Operates across seven states with similar vertically integrated plant-and-crew model, making it the most direct comparable at scale.
• Vulcan Materials Company: Largest U.S. producer of construction aggregates, including crushed stone, sand, and gravel used in asphalt production. While not a direct paving contractor, Vulcan's aggregate business overlaps with Lone Star's quarry operations and serves as a benchmark for vertical-integration economics.
• Martin Marietta Materials, Inc. Major U.S. supplier of aggregates and heavy building materials, including stone, sand, and gravel for asphalt and concrete. Comparable on the upstream materials side of Lone Star's vertically integrated model, though it does not directly perform paving services.
• Oldcastle Materials (CRH plc): CRH's Americas materials division, the largest asphalt and aggregate producer in North America. Acquired APAC (which had earlier bought founder Jack Wheeler's Wheeler Coatings) and is a logical peer for both upstream materials supply and downstream paving services in Texas.
• Tutor Perini Corporation: Publicly traded (NYSE: TPC) large-scale civil and building construction company with civil segment covering highways, bridges, and mass transit paving. While larger and more diversified, it competes for large public infrastructure paving projects similar to those Lone Star performs.

Direct peers

• Knife River Corporation: Publicly traded (NYSE: KNF) aggregates and asphalt producer with vertically integrated operations including hot-mix asphalt plants, aggregate reserves, and paving crews. One of the most direct pure-play comparables to Lone Star's vertically integrated asphalt model.
• Granite Construction Incorporated: NYSE-listed heavy civil contractor with significant asphalt paving and aggregate production across the western U.S. Operates similar asphalt plants and paving crews with overlapping customer base in commercial and public infrastructure.
• Sterling Infrastructure, Inc. Publicly traded (NASDAQ: STRL) infrastructure services company with e-infrastructure, transportation, and building solutions segments. Performs asphalt and concrete paving for transportation and commercial projects, comparable in scope and customer mix to Lone Star.
• Webber (Ferrovial): Texas-based heavy civil contractor owned by Ferrovial, specializing in transportation infrastructure including highways, bridges, and asphalt paving. Competes with Lone Star for the same Texas DOT and municipal infrastructure contracts in the Central Texas market.

Regional players

• Zachry Group: San Antonio-headquartered heavy civil and infrastructure construction firm. Operates in the same Central Texas geography as Lone Star and competes for public infrastructure paving, concrete flatwork, and site development projects.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/austinpaving
• Facebookfacebook.com/lonestarpaving
• LinkedInlinkedin.com/company/lone-star-paving

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Lone Star Paving