Asphalt Materials

What Asphalt Materials does

Asphalt Materials, Inc. is a private Indianapolis-based manufacturer and supplier of asphalt emulsions, polymer-modified binders, pavement preservation treatments, and cold recycling technologies serving road construction and maintenance customers across the U.S. Midwest. Founded in 1957 as part of The Heritage Group conglomerate, the company operates through multiple wholly-owned subsidiaries — Tri-State Asphalt, Emulsicoat (six Illinois plants), Henry G. Meigs (three Wisconsin terminals), Bituminous Materials & Supply (Iowa), ProTack, and Pavement Maintenance Systems — alongside in-house R&D from Heritage Research Group.

The product portfolio is organized into trademarked lines: AMIBOND (prime/tack coats), AMIBIND (polymer modified asphalts), AMISEAL (chip seal, fog seal, micro surfacing, slurry seal, cape seal, scrub seal, sandwich seal, crack seal), AMICYCLE (cold in-place recycling, full depth reclamation, cold central plant recycling), AMIGUARD (rapid penetrating emulsions and bio-based rejuvenators), CCAP (cold constructed asphalt pavement), and the proprietary J-Band Void Reducing Asphalt Membrane, which extends longitudinal joint life from 4-5 years to over 15 years. eFlex, launched in 2022, is a highly modified micro surfacing with 2x polymer content for harsh climate durability.

The company makes money through one-time project-based sales of customized asphalt materials to four primary customer segments: city and county highway departments, state and federal transportation agencies, private road contractors, and consulting engineers. Distribution is direct from manufacturing facilities via an enterprise field sales motion, with regional sales representatives supporting project specification, mix design, and technical training. Pricing is quote-based and project-specific, tied to DOT specifications and customer budgets, and revenue is tied to government infrastructure spending cycles.

Name

Asphalt Materials

Legal name

Asphalt Materials, Inc.

Website

https://asphalt-materials.com

Company type

Private

Founded year

1957

Operating status

Operating

Headcount range

251–500 employees

Short description

Asphalt Materials, Inc. is a private Midwest-based manufacturer of asphalt emulsions, polymer-modified binders, pavement preservation treatments, and cold recycling technologies, serving city, county, state, and federal transportation agencies as well as road contractors through wholly-owned subsidiaries including Tri-State, Emulsicoat, and H.G. Meigs.

Ownership category

akta.pro rank

Product category

Asphalt Emulsions & Pavement Materials

NAICS

Asphalt Paving, Roofing, and Saturated Materials Manufacturing (32412)

SIC

Asphalt Paving & Roofing Materials (2950)

akta.pro primary industry

Asphalt Emulsions (Cationic/Anionic, CRS/SS, Specialty Emulsions) (EUALAKAB)

akta.pro secondary industries

Polymer-Modified Asphalt (PMB) & Modified Binders (SBS/Crumb Rubber/Plastomers) (EUALAKAD), Asphalt Additives & Performance Enhancers (Anti-strip, Warm-mix, Fibers, Rejuvenators) (EUALAKAH), Paving-Grade Asphalt Binder (PG/Performance-Graded) (EUALAKAA)

Keywords

• Asphalt emulsions
• Pavement preservation
• Cold pavement recycling
• Polymer modified asphalt
• Asphalt binders

Headquarters

HQ city

Indianapolis

HQ country

United States

HQ region

North America

Offices16 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Revenue model

1. Asphalt Emulsion Products: Sale of asphalt emulsions including prime coat, tack coat, chip seal, fog seal, and micro surfacing products to road construction and maintenance contractors and government agencies.
2. Polymer Modified Asphalt: Production and sale of polymer modified asphalts (PG grades) for various performance requirements including PG 52-34 through PG 82-22.
3. Pavement Preservation Services: Specialized products and technical support for pavement preservation treatments including chip seals, slurry seals, cape seals, and crack sealing.
4. Recycling Technologies: Cold recycling products and engineered emulsions for CIR, FDR, and CCPR projects that reduce project costs by up to 40% versus conventional methods.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels8 records

Core offering

Asphalt Materials, Inc. manufactures and supplies asphalt emulsions, polymer modified asphalt binders, pavement preservation treatments, and cold pavement recycling technologies for road construction and maintenance. The company sells directly to government transportation departments, road contractors, and consulting engineers across the Midwest United States through its network of regional plant locations and subsidiary brands.

Product overview

Asphalt Materials, Inc. is a manufacturer and supplier of asphalt materials and pavement solutions operating as part of The Heritage Construction + Materials family of companies. The company offers a comprehensive portfolio of products organized into distinct lines: AMIBOND (prime and tack coats), AMIBIND (polymer modified and unmodified asphalts), AMISEAL (pavement preservation treatments including chip seal, fog seal, micro surfacing, slurry seal, cape seal, scrub seal, sandwich seal, and crack seal), AMICYCLE (cold recycling solutions including CIR, FDR, and CCPR), AMIGUARD (rapid penetrating emulsions and rejuvenators), and specialized products like J-Band VRAM and eFlex highly modified micro surfacing. The company also operates through subsidiary brands including Henry G. Meigs (Wisconsin), Emulsicoat (Illinois), Bituminous Materials & Supply (Iowa), Tri-State Asphalt (Midwest), ProTack (asphalt spraying), and Pavement Maintenance Systems. Founded in 1956 (Wisconsin operations since 1935), the company serves customers across the Midwest through multiple plant locations.

Differentiator

Problem solved

Functional benefit

Brands

• J-Band: Void Reducing Asphalt Membrane (VRAM) that significantly reduces air voids in longitudinal joints, extending joint life to over 15 years.
• eFlex
• AMICYCLE
• AMIBOND
• AMIBIND
• AMISEAL
• AMIGUARD

Products and services

• AMIBOND (Prime Coat and Tack Coat)

Quantifiable outcome

• J-Band extends joint life from 4-5 years to over 15 years
• +4 more outcomes

Named customers4 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

Feature5 records

Partnerships

One partnership is on record.

• US AggregatesminorStrategic or Co-development Partner · 20 March 2024Heritage Construction + Materials companies Asphalt Materials, Inc. and US Aggregates have joined together in a pallet reusing initiative. This program finds new ways to reuse AMI's pallets at US Aggregates' locations, keeping AMI from recycling pallets through third-party vendors while increasing efficiency amongst US Aggregates.

Scale indicators5 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Ergon Asphalt & Emulsions: A leading North American manufacturer of asphalt emulsions, polymer-modified binders, and pavement preservation products. Direct overlap with AMI's AMIBIND, AMISEAL, and AMIGUARD lines serving DOTs and contractors.
• Suit-Kote Corporation: Northeast US asphalt emulsion manufacturer and pavement preservation contractor with a vertically integrated emulsion plant network. Directly comparable in product mix (emulsions, PMBs, preservation treatments) and customer base (DOTs and contractors).
• Western Emulsions: Specialty asphalt emulsion producer focused on pavement preservation and recycling applications. Comparable to AMI's AMISEAL and AMICYCLE product positioning and DOT/agency customer model.
• McAsphalt Industries: Canadian-headquartered manufacturer of asphalt cements, cutbacks, emulsions, and PMBs. Comparable product breadth (emulsions, PMBs, preservation) though serving Canadian and select US markets.

Emerging players

• Asphalt Plus LLC: Specialty producer of polymer-modified asphalt and engineered binders. Comparable niche overlap with AMI's AMIBIND PMB portfolio, though smaller and more focused on binder chemistry than full preservation suite.

Regional players

• All States Construction: Provides asphalt emulsions and pavement preservation products in the Western US. Comparable product mix but with no Midwest presence, so regional rather than direct overlap with AMI.

Broad incumbents

• CRH plc (Oldcastle): Global building materials leader with US asphalt paving, emulsion, and aggregate operations. Competes with AMI on large DOT projects and has broader geographic reach and integrated aggregate supply.
• Martin Marietta Materials: Major US aggregates and asphalt producer with national footprint. Competitively comparable on the aggregates and hot-mix asphalt side; larger and broader than AMI's emulsion focus.
• Vulcan Materials Company: Largest US producer of construction aggregates and a major asphalt mix supplier. Comparable in end-market (DOTs and contractors) but operates at much larger scale and broader geography than AMI.
• Colas SA: French-based global road construction and materials group with US subsidiaries active in asphalt emulsions and pavement preservation. Comparable product portfolio; broader geographic and capital reach than AMI.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/channel/UCfiJ8mRha6CpvI2yttJw9fA
• Facebookfacebook.com/asphaltmaterials
• LinkedInlinkedin.com/company/asphalt-materials-inc
• Instagraminstagram.com/asphaltmaterials
• Xx.com/ami_asphalt

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Subsidiaries14 records

Funding overview

Funding rounds

Investors

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

M&A1 record

Investments

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

Frequently asked questions about Asphalt Materials