What Asphalt Specialties does

Asphalt Specialties, Inc. is a privately held, family-owned heavy-highway contractor founded in 1991 by Daniel W. Hunt in Henderson, Colorado. The company delivers asphalt paving, patching, milling, earthwork, and overlay services to municipal, state Department of Transportation, commercial, retail, and education customers, while also supplying aggregate, asphalt, and recycled materials to other contractors. Operations are vertically integrated: Asphalt Specialties owns four sand and gravel mining and production operations, three asphalt plants, four asphalt recycling centers in the Denver Metro Area, and over 200 pieces of heavy-highway equipment, supported by a staffed quality control laboratory. The firm is concurrently general contractor on 8-10 major construction projects and has grown from five employees in 1991 to approximately 300 today, with annual revenues approaching $80 million. Its geographic footprint runs along Colorado's Front Range and extends into Wyoming following the 2022 opening of the Lone Tree Creek aggregate plant in Granite. Dan Hunt remains sole principal owner; the company is bootstrapped, with no institutional investors identified, and is led by an experienced management team whose core members hold over 150 years of combined technical service experience. Go-to-market is direct-to-customer via phone, email, and competitive bid on municipal, state, and commercial projects, with no third-party distribution or franchise model.

Name

Asphalt Specialties

Legal name

Asphalt Specialties, Inc.

Website

https://asphaltspecialties.com

Company type

Private

Founded year

1991

Operating status

Operating

Headcount range

51–100 employees

Short description

Asphalt Specialties is a Colorado family-owned heavy-highway contractor (founded 1991) providing vertically integrated asphalt paving, milling, patching, earthwork, and aggregate material sales to municipal, state DOT, commercial, and education customers along the Front Range of Colorado and Wyoming, approaching $80M in annual revenue.

Ownership category

akta.pro rank

Product category

Highway Construction and Asphalt Paving Services

NAICS

Asphalt Paving Mixture and Block Manufacturing (324121), Site Preparation Contractors (23891)

SIC

Asphalt Paving & Roofing Materials (2950), Construction - Special Trade Contractors (1700)

akta.pro primary industry

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

akta.pro secondary industries

Asphalt & Pavement Removal / Milling (IMAFAKAM), Asphalt Aggregates & Specialty Aggregates (Rail Ballast, Riprap, Lightweight) (IMADAAAJ)

Keywords

• Asphalt paving services
• Highway construction contracting
• Aggregate material sales
• Asphalt milling services
• Earthwork site preparation

Headquarters

HQ city

Henderson

HQ country

United States

HQ region

North America

Offices4 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Supply Chain, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. Construction Services: Revenue from asphalt paving, patching, milling services, earthwork, and overlay services as general contractor on 8-10 major construction projects at any given time.
2. Material Sales: Supply of aggregates, asphalt, and recycled concrete and asphalt products through multiple production locations along the Front Range of Colorado.
3. Aggregate Mining Operations: Revenue from four sand and gravel mining and production operations and aggregate quarry in Lone Tree, Wyoming.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels8 records

Core offering

Asphalt Specialties is a Colorado family-owned heavy-highway contractor that delivers asphalt paving, patching, milling, earthwork, and overlay services as a general contractor on municipal, state DOT, commercial, and retail projects. The company vertically integrates these services with its own aggregate mining (four sand and gravel operations), three asphalt plants, and four recycling centers, and also sells aggregates, asphalt, and recycled concrete/asphalt products to material buyers along the Colorado Front Range and into Wyoming.

Product overview

Asphalt Specialties is a Colorado family-owned heavy highway contractor offering a vertically integrated portfolio of asphalt paving and construction services. The company operates its own aggregates, concrete and asphalt products through four sand and gravel mining and production operations, three asphalt plants, and multiple recycling sites. Core services include paving, patching, milling, earthwork, overlays, and material sales (aggregate, asphalt, and recycled products) throughout the Front Range of Colorado. Projects span commercial, retail, heavy highway, and municipal categories.

Differentiator

Problem solved

Functional benefit

Products and services

• Paving Services
• Overlays Services Asphalt overlay services that resolve surface imperfections in existing asphalt and extend the lifespan of pavement that remains in usable condition. Offered to municipal and commercial customers.
• Patching Services Patching services for damaged or deteriorating asphalt to preserve road quality and safe travel. Offered to municipal, commercial, and retail customers.
• Milling Services Swift and economical asphalt milling services tailored for roadway and street reclamation. Offered to municipal, state DOT, and commercial customers.
• Earthwork Services Comprehensive earthwork services including excavation, grading, rock excavation, and site preparation. Offered to commercial, municipal, and heavy highway customers.
• Aggregate Products Wide variety of high-quality aggregates for both functional commercial and residential aesthetic applications, sourced from Asphalt Specialties' own four sand and gravel mining and production operations. Sold to material buyers, contractors, and project sites.
• Asphalt Products High-quality asphalt produced from Asphalt Specialties' own three asphalt plants for commercial and residential uses. Sold to material buyers, contractors, and paving crews.
• Recycled Products (RAP and Recycled Concrete) Recycled concrete and asphalt products (RAP) from four asphalt/concrete recycling sites capable of on- or off-site operation. Sold to construction companies and contractors seeking sustainable and cost-effective material options.

Quantifiable outcome

• Over 97 million tons of RAP recycled industry-wide, saving enough landfill space to fill the US Capitol dome 1,223 times
• +1 more outcomes

Named customers7 records

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Two partnerships are on record, tiered minor and core.

• New Civil Liberties Alliance (NCLA)minorOthers · 2 February 2021NCLA is a nonpartisan, nonprofit civil rights group that represented Asphalt Specialties Co., Inc. in a Wyoming Supreme Court case (Asphalt Specialties Co., Inc. v. Laramie County Planning Commission). NCLA helped secure a victory reinforcing that regulators cannot restrict people's conduct based on nonbinding guidance documents. Dan Hunt, President of Asphalt Specialties, thanked NCLA and Harriet Hageman for taking up the case to protect property rights.
• Adolphson & Peterson ConstructioncoreStrategic or Co-development PartnerGeneral contractor partner on multiple projects with Adams 12 School District. Asphalt Specialties partnered with Adolphson & Peterson Construction to deliver the North Stadium Complex running track project on time and within budget. The companies have been awarded several contracts together to pave parking lots and running tracks at new facilities within the district.

Scale indicators8 records

Recent moves8 records

Expansion highlights3 records

Direct peers

• Brannan Companies (Brannan Sand & Gravel): Denver-based integrated aggregate and asphalt producer serving Colorado's Front Range. Directly comparable to ASCI because it operates aggregate plants, asphalt plants, and ready-mix concrete in the same geography and serves the same municipal, DOT, and commercial customers.
• Knife River Corporation: Vertically integrated aggregates and asphalt producer and heavy-highway contractor operating across the Western and Midwest U.S. Closely comparable business model — owning aggregate reserves, asphalt plants, and paving crews — with a regional/multi-state footprint similar to ASCI's Colorado–Wyoming corridor.
• Granite Construction Incorporated: Public heavy-civil and highway contractor with vertically integrated materials operations. Comparable to ASCI because it performs asphalt paving, milling, and grading work for state DOTs and municipalities while also operating aggregate and asphalt production facilities.
• Summit Materials: Vertically integrated construction materials company combining aggregates, cement, and ready-mix with paving operations across the U.S. Comparable to ASCI's vertically integrated aggregates-plus-paving model, particularly in Western markets, and competes for similar DOT and commercial work.
• United Companies (United Rock Products / United Asphalt): Mid-sized Colorado-based aggregate and asphalt producer serving the Front Range. Directly comparable to ASCI in scale, geography, and vertically integrated mining-to-paving model, competing for the same municipal, DOT, and commercial work in the Denver Metro.

Broad incumbents

• Martin Marietta Materials: Large-cap public aggregates and asphalt producer with national U.S. footprint. Comparable as a competitive aggregator that supplies the same municipal and DOT end markets; less specialized than ASCI but represents the kind of scale buyer/competitor ASCI would encounter on larger bids.
• Vulcan Materials Company: Largest U.S. producer of construction aggregates, with extensive asphalt and paving operations. Comparable to ASCI in aggregate and asphalt production, though Vulcan operates at national scale and competes for larger municipal, DOT, and private development projects throughout the West.
• CRH / Oldcastle Materials: Global building-materials group with a large U.S. aggregates, asphalt, and paving platform through Oldcastle. Comparable to ASCI in aggregates, asphalt mix production, and highway construction services; operates as a broad incumbent that can bid for the same Colorado/Wyoming DOT work.
• CEMEX (Cemex U.S. Operations): Global building-materials company with U.S. aggregates, ready-mix, and asphalt operations. Comparable to ASCI's vertically integrated construction materials model and competes for similar large infrastructure and commercial projects across the Western U.S.
• Holcim US (Aggregate Industries): Holcim's U.S. arm operates aggregates, asphalt, and paving operations across multiple regions. Comparable to ASCI as a vertically integrated aggregates-plus-paving incumbent with the scale to underbid regional contractors on larger municipal and DOT projects.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/asphaltspecial4
• Facebookfacebook.com/asphaltspecialtiesco
• LinkedInlinkedin.com/company/asphalt-specialties-co
• Instagraminstagram.com/asphaltspecialtiesco

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

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 Asphalt Specialties