Fort Point Capital completes recapitalization of Gulf Pride Paving
Gulfport, Mississippi-based paving and civil construction firm serving the Gulf Coast, founded in 2003, with founders and management partnering on the deal.
Fort Point Capital has completed a recapitalization of Gulf Pride Paving, LLC, in partnership with CEO Michael Jenner and founder BJ Sellers. The deal was announced on November 3, 2026.
Gulf Pride Paving, headquartered in Gulfport, Mississippi and serving the Gulf Coast since 2003, provides paving, civil construction, soil stabilization and concrete work for general contractors, property owners, and commercial, government and industrial customers in Mississippi, Alabama and Louisiana. Fort Point said the company self-performs projects in-house.
Avante Capital Partners provided debt financing. The Enginuity Group served as financial adviser and Nichols Wrigley as legal counsel to Gulf Pride Paving.
Deal facts
- Target
- Gulf Pride Paving
- Business
- Paving, civil construction, soil stabilization and concrete contractor serving Mississippi, Alabama and Louisiana
- Investor
- Fort Point Capital
- Sponsor
- Fort Point Capital
- Deal type
- Recap
- Headquarters
- Gulfport, Mississippi
- Advisers
- The Enginuity Group financial adviser to Gulf Pride Paving
- Nichols Wrigley legal counsel to Gulf Pride Paving
- Status
- Completed
- Announced
- Tuesday, November 3, 2026
Sources
- PR NewswireNov 3, 2026
Written by Buyout Desk from the sources above. Spotted an error? Email corrections@buyoutdesk.com.