Powerhouse Holding Corporation, a Dubin Clark portfolio company, announces the recapitalization of Supreme-Metro Corporation
Powerhouse Holding Corporation has completed its first acquisition since partnering with Dubin Clark, acquiring Supreme-Metro Corporation.
Founded in 1988 and headquartered in South Plainfield, New Jersey, Supreme-Metro offers full-service asphalt, concrete, and drainage services to engineers, property managers, management companies, building owners, and developers of office parks, roadways, retail centers, and parking lots throughout New Jersey. Specifically, Supreme-Metro’s services include asphalt paving and milling, seal-coating, crack sealing, concrete installation and repairs, excavation and site work, drainage installation and repair, concrete leveling, and snow and ice management. Supreme-Metro is the market leader in New Jersey and extends services into adjacent metro areas such as Pennsylvania and New York.
“We are truly excited to be working with Jay and his team of top-notch professionals!” said Jack O’Hayre, CEO of Powerhouse. “Through this partnership, we will be able to continue our growth into New Jersey, as we position ourselves for future expansion.”
“I’m excited that we are expanding our company in providing additional locations and services beyond New Jersey,” said Jason Ciavarro, President of Supreme-Metro. “This strategic alliance with Powerhouse builds upon both companies’ core foundations, setting the stage for many years of growth and increased customer service throughout the Northeast.”
“We look forward to partnering with Jay and his team at Supreme-Metro,” said Mike Hompesch, Partner of Dubin Clark. “The combined business is well-positioned to achieve substantial growth by providing high-quality services within an expanded geographic footprint.”
Powerhouse Holding Corp., founded in 1963 and headquartered in Islip, New York, is comprised of two businesses: Powerhouse Maintenance, LLC (comprised of Powerhouse Paving, PAM Sweeping, and Orange Industries) and Supreme-Metro, LLC, and specializes in the maintenance and repair of commercial parking lots and related areas for property managers/owners of predominantly commercial and industrial facilities, apartment complexes, strip malls and retail shopping centers. Services include asphalt paving, sealcoating, drain installation and repair, concrete installation and repair, sweeping and debris removal, power washing, and storm drain management.