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Ares Commercial Finance Provides $15.5MM Credit Facility to Colorado Asphalt Services, Inc.

September 20, 2017, 07:12 AM
Filed Under: Building Supplies

Ares Commercial Finance announced that it has provided a $15.5 million senior secured credit facility to Colorado Asphalt Services, Inc. The company, headquartered in Commerce City, Colorado, is a full-service asphalt paving and concrete flat-work company. Proceeds of the financing were used to support West Edge Energy’s acquisition of Colorado Asphalt Services, Inc. through its holding company West Edge Energy, LLC.

Colorado Asphalt Services, Inc. (CASI) is a locally owned and operated, full-service asphalt and concrete company. It has provided outstanding installation, paving, and maintenance services to the Denver metro and Front Range area for more than 30 years.  Its state-of-the-art plant in Commerce City, CO, includes the latest double-drum technology and the capacity to service the Front Range. CASI also recycles its own asphalt and accepts asphalt for recycling.  CASI is recognized as a premier asphalt and concrete contractor for its uncompromising quality product and services. 

West Edge Energy is pursuing operations in multiple business segments. The acquisition of CASI represents West Edge’s entry into the refined petroleum products segment.  West Edge also has plans to acquire and build operations in midstream crude oil, midstream natural gas and natural gas liquids, and water solutions.  

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