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Pavement Preservation Group appoints Barnes Barton as Chief Executive Officer. Sep 03, 2026, 09:30 ET NASHVILLE, Tenn., Sept. 3, 2026 /PRNewswire/ - Pavement Preservation Group, Inc. ("PPG"), a portfolio company of The Sterling Group ("Sterling"), today announced the appointment of Barnes Barton as Chief Executive Officer following Darin Matson's planned retirement effective September 1, 2026. Mr. Barton brings more than two decades of executive leadership experience to the PPG platform, including sixteen years in the construction materials sector at CRH. He most recently served as President of the South Division, CRH Americas Materials and previously held various business leadership roles at the company. Additionally, Mr. Barton served on the board of Sterling's Frontline Road Safety investment from 2023 through Sterling's sale of the company to Bain Capital in 2025, and, since 2024, serves on the board of the National Asphalt Pavement Association. "We're excited to partner with Barnes again as PPG enters its next chapter of growth. His operating track record and experience leading regional platforms - combined with the trust we built working together at Frontline - give us confidence in PPG's continued strong trajectory," said Brad Staller, Partner at The Sterling Group. "And as we welcome Barnes, we say 'thank you' to Darin, who came out of retirement nearly two years ago to lead the newly-established PPG platform. We are deeply grateful for his leadership over this formative period and wish him and his family all the best moving forward." "I am thrilled to join PPG at such an exciting moment in the company's evolution. I look forward to working alongside PPG's talented team to build on the strong foundation already in place and deliver even greater value to our customers and partners," said Barnes Barton, Chief Executive Officer of PPG. PPG provides specialized pavement preservation products and services that help extend the useful life of asphalt infrastructure through cost-effective solutions. Through continued organic growth and disciplined acquisitions, Sterling and PPG intend to further scale the platform, deliver even greater value to customers, and strengthen PPG's position as a leading national provider of pavement preservation solutions with strong local execution capabilities. About The Sterling Group Founded in 1982, The Sterling Group is a private equity and private credit investment firm that targets investments in basic manufacturing, distribution, and industrial services companies. Typical enterprise values of these companies at initial formation range from $100 million to $1 billion. Sterling has sponsored the buyout of 78 platform companies and numerous add-on acquisitions for a total transaction value of over $25 billion. Sterling currently has approximately $9.0 billion of assets under management. For further information, please visit www.sterling-group.com. Past performance is no guarantee of future results and all investments are subject to loss. Forward-looking statements reflect current intentions only and are subject to change without notice. No assurance can be given that the objectives or results described herein will be achieved. SOURCE Pavement Preservation Group

Pavement Preservation Group, a portfolio company of The Sterling Group, announces the acquisition of Asphalt Paving Systems. Pavement Preservation Group, Inc. ("PPG"), a portfolio company of The Sterling Group ("Sterling"), today announced the acquisition of Asphalt Paving Systems, Inc. and its related pavement preservation affiliates (collectively "APS"), a leading vertically integrated pavement preservation contractor and manufacturer of asphalt and emulsion products. PPG provides specialized pavement preservation products and services that help extend the useful life of asphalt infrastructure through cost-effective solutions. The addition of APS marks PPG's fifth acquisition since the platform was formed in partnership with Sterling in 2024 and represents a transformational step forward in PPG's journey towards building a leading national pavement preservation platform. Founded in 1985 and headquartered in Hammonton, New Jersey, APS is a pavement preservation contractor serving state, county, and municipal customers across the Eastern and Southeastern United States. The company provides a range of services, including microsurfacing, chip seal, paving, and related solutions, and manufactures asphalt and emulsion products. "Joining PPG achieves our vision of positioning APS with a national platform in the pavement preservation space," said Bob Capoferri, Founder and CEO of APS, and Ken Messina, President of APS. "We are proud of what our team has accomplished over the last four decades and are excited about our future with PPG. Together, we intend to continue delivering top-notch pavement preservation solutions to our existing customers, while bringing that same high-quality level of service to new markets." "APS is a highly-respected provider in the pavement preservation industry with an exceptional track record of growth, operational excellence, and customer service," said Darin Matson, CEO of PPG. "We are excited to partner with the APS team as we continue building a leading national pavement preservation platform comprised of operationally excellent companies." Sterling has a long history of partnering with entrepreneurs and management teams to build market-leading businesses. Through continued organic growth and disciplined acquisitions, Sterling and PPG intend to further scale the platform, deliver even greater value to customers, and strengthen PPG's position as a leading national provider of pavement preservation solutions with strong local execution capabilities. About The Sterling Group Founded in 1982, The Sterling Group is a private equity and private credit investment firm that targets investments in basic manufacturing, distribution, and industrial services companies. Typical enterprise values of these companies at initial formation range from $100 million to $1 billion. Sterling has sponsored the buyout of 78 platform companies and numerous add-on acquisitions for a total transaction value of over $25 billion. Sterling currently has approximately $9.0 billion of assets under management. For further information, please visit www.sterling-group.com. Past performance is no guarantee of future results and all investments are subject to loss. Forward-looking statements reflect current intentions only and are subject to change without notice. No assurance can be given that the objectives or results described herein will be achieved. Press releases and articles published prior to November 4, 2022 are being provided for informational purposes only and are not intended as advertising.