Soundcore borrows $44 million for asphalt acquisitions from O2 Sponsor

Chicago, March 21 – Soundcore Capital Partners borrowed $44 million in senior secured credit facilities for its acquisitions of ACI Asphalt & Concrete, LLC and ACS Asphalt Concrete Solutions, according to a press release.

O2 Sponsor Finance, a division of Old Second National Bank, provided the financing.

Soundcore formed ACI Holdings Group as part of its acquisition of ACI in July 2022. Soundcore then acquired ACS through its ACI Holdings Group platform company in January 2023.

Co-lender senior financing was also provided by Old National Bank. Northstar Capital provided subordinated debt financing.

New York-based Soundcore specializes in North America-based buy-and-hold investments in the lower middle market.

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