Morgan Pavement

What Morgan Pavement does

Morgan Pavement, LLC is a full-service asphalt paving and pavement maintenance contractor founded in 1982 by Todd Morgan and headquartered in Clearfield, Utah, operating as a subsidiary of Morgan Industries. The company provides end-to-end services spanning excavation, grading, earthwork, new construction installation, asphalt milling, resurfacing, and concrete paving, complemented by pavement preservation treatments including proprietary in-house-formulated sealcoating, slurry seal, and Onyx Mastic Seal. It operates eight asphalt maintenance and repair divisions with over 20 field crews and more than 200 employees, serving customers across Utah, Arizona, Nevada, New Mexico, Montana, and Wyoming through two primary operating divisions (Intermountain Division in Clearfield, UT and Southwest Division in Tempe, AZ). The company also performs ADA-compliant asphalt and concrete work, parking lot striping, crack filling/sealing, asphalt patching, and site finishing such as signage and bollard installation.

Morgan Pavement serves a long-tail of customer segments including retail and commercial properties, municipal and government agencies, HOAs and residential communities, healthcare facilities, educational institutions, religious institutions, storage facilities, and property management companies. Revenue is generated through two primary streams: one-time project fees for paving and construction work, and recurring/program-based revenue from scheduled pavement maintenance contracts including sealcoating, slurry seal, onyx mastic seal, crack sealing, and striping. Pricing is custom and project-based, with estimates derived from site evaluation, scope, materials, and labor requirements rather than published tiered pricing. The company differentiates through in-house sealcoating production with proprietary custom-formulated sealants, full vertical integration from excavation through finishing, and a 40+ year regional reputation anchored by founder Todd Morgan's induction into the Utah Asphalt Hall of Fame.

The company distributes exclusively through direct field sales and in-house estimators who perform site evaluations and project scoping, supported by a website with contact forms and a content-marketing blog. No channel partners, resellers, or distributors are used. Leadership is professionalized under CEO Jeremy Nielson, CFO Tres Smith, and VP of Operations Chad Dyer, with divisional General Managers for Utah and Arizona, while founder Todd Morgan continues as Chairman of Morgan Industries.

Name

Morgan Pavement

Legal name

Morgan Pavement, LLC.

Website

https://morganpavement.com

Company type

Private

Founded year

1982

Operating status

Operating

Headcount range

101–250 employees

Short description

Morgan Pavement is a full-service asphalt paving and pavement maintenance contractor serving commercial, municipal, HOA, healthcare, education, and property management customers across six western U.S. states from offices in Utah and Arizona, operating 8 divisions and 20+ crews.

Ownership category

akta.pro rank

Product category

Asphalt Paving and Pavement Maintenance Services

NAICS

Site Preparation Contractors (23891), Poured Concrete Foundation and Structure Contractors (23811)

SIC

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

akta.pro primary industry

Pavement Construction & Rehabilitation (Asphalt, Concrete, Overlays) (IMAFAEAE)

akta.pro secondary industry

Asphalt & Pavement Removal / Milling (IMAFAKAM)

Keywords

• Asphalt paving services
• Pavement maintenance programs
• Commercial paving contractor
• Concrete paving services
• Parking lot maintenance

Headquarters

HQ city

Clearfield

HQ country

United States

HQ region

North America

Offices2 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. Asphalt Paving Services (One-Time Project Fees): Revenue is generated through one-time project fees for asphalt paving, resurfacing, milling, new construction installation, concrete paving, and excavation services. Projects are scoped, quoted, and delivered as discrete engagements with pricing based on project size, scope, and materials required.
2. Pavement Maintenance Services (Recurring/Program-Based): Ongoing pavement maintenance programs generate recurring revenue through sealcoating, slurry seal, onyx mastic seal, crack sealing, and parking lot striping services. These are often delivered as scheduled maintenance contracts or annual programs tailored to property use and surface condition.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels2 records

Core offering

Morgan Pavement is a full-service asphalt and concrete paving and pavement maintenance contractor serving commercial, municipal, HOA, and private property owners. The company manages every phase of work in-house, from excavation, grading, and new construction through resurfacing, sealcoating, and ongoing pavement maintenance programs. It operates eight asphalt maintenance and repair divisions with over 20 crews across Utah, Arizona, Nevada, New Mexico, Montana, and Wyoming.

Product overview

Morgan Pavement is a full-service asphalt paving and pavement maintenance company operating as a single integrated service offering rather than a platform-plus-modules architecture. The company's portfolio centers on commercial asphalt paving as the core service, supported by specialized sub-services including parking lot installation and repair, asphalt resurfacing and milling, new construction paving, municipal and private road paving, ADA-compliant concrete and asphalt work, excavation and earthwork, and concrete installation. These services are complemented by proprietary pavement preservation treatments including asphalt sealcoating (using custom in-house formulations), slurry seal, and onyx mastic seal applications. Additional finishing services include parking lot striping, crack filling, crack sealing, asphalt patching, concrete repairs, sign installation, and bollard installation. The company operates eight asphalt maintenance and repair divisions with over 20 crews serving Utah, Arizona, Nevada, New Mexico, Montana, and Wyoming.

Differentiator

Problem solved

Functional benefit

Products and services

• Commercial Asphalt Paving

Quantifiable outcome

• Strategic asphalt maintenance can slash long-term costs by 94.8% while extending pavement life by decades

Segments8 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 indicators5 records

Recent moves5 records

Expansion highlights5 records

Direct peers

• Geneva Rock Products: Utah-based provider of aggregates, ready-mix concrete, asphalt, and paving services serving the same Intermountain West market as Morgan Pavement. Directly comparable as a vertically integrated regional paving and materials competitor with overlapping customer base across commercial, municipal, and private projects.
• Staker Parson Companies (CRH/Oldcastle APG): Intermountain West materials and construction services company (sand & gravel, asphalt, concrete, paving) acquired by CRH/Oldcastle APG. Directly comparable as a regional paving and pavement services competitor with similar geographic footprint across Utah, Idaho, and surrounding states.
• Lakeside Industries: Pacific Northwest asphalt paving, pavement preservation, and construction materials company. Comparable as a regional specialty paving and pavement maintenance provider with similar mix of paving, sealcoating, and crack-sealing services for commercial and public-sector customers.
• Western Rock Products: Utah-based aggregates, asphalt, and paving company serving commercial and government customers across the Intermountain region. Comparable as a vertically integrated regional paving and pavement services competitor with overlapping service portfolio.
• National Pavement Partners: Commercial pavement maintenance and paving services provider with a portfolio of asphalt paving, sealcoating, striping, and concrete work. Comparable as a regional/multi-region specialty pavement services peer with a similar mix of one-time paving and recurring maintenance revenue.

Broad incumbents

• Granite Construction Incorporated: One of the largest U.S. diversified infrastructure companies, with a major asphalt paving and pavement preservation business operating across the western U.S. Highly comparable offering portfolio (paving, milling, sealcoating, rehabilitation) at much larger scale, with overlapping western regional presence.
• Knife River Corporation: Vertically integrated aggregates, asphalt, and paving services company operating across the western and central U.S. Comparable as a multi-state asphalt paving and pavement maintenance provider with similar end markets (commercial, municipal, DOT) and a heavier materials tilt.
• Vulcan Materials Company: Largest U.S. producer of construction aggregates and a major supplier of asphalt mix and paving-related services. Comparable as a large-scale aggregates-and-asphalt incumbent with overlapping downstream paving/milling/maintenance activity across similar end markets.
• Oldcastle APG (CRH): CRH's Americas Products & Solutions group, a national platform in masonry, hardscapes, and concrete/asphalt building products with regional paving and pavement services brands. Comparable as a broad incumbent supplying and installing asphalt and concrete products to similar commercial and municipal end users.

Regional players

• Sunroc Corporation: Utah-based construction materials and services provider (aggregates, ready-mix, asphalt, site work). Comparable as a Utah-headquartered competitor serving overlapping commercial, municipal, and private customers in the same Intermountain West region.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/_morganpavement

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 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 Morgan Pavement