Private equity-owned Turtle Southeast buys Cheyenne Associates
September 25, 2019 - Turtle Southeast Holdings in Largo acquired the assets of Cheyenne Associates Inc. in Brooksville. The investment will help Turtle take advantage of growth opportunities in the roadway infrastructure services and maintenance industry throughout Florida, a news release said. Financial terms were not disclosed. Cheyenne, which specializes in roadway maintenance and related work, will operate as a wholly owned subsidiary alongside Turtle’s existing operating business, Turtle Southeast, an asphalt milling services provider. Turtle is a portfolio company of Canopy Capital Partners, a private equity firm in Tampa. Valley National Bank and Assurance Mezzanine Fund supported the transaction and Dan Loiacono & Associates of Overland Park, Kansas acted as financial advisor to Cheyenne.