Clark Hill Advises Russell Standard in Sale to Ergon Asphalt

Clark Hill’s Corporate team, led by Co-Chair of Clark Hill’s Corporate practice group, Jarrod Duffy, with key contributions from Lauren Perez and Matthew Forslund, successfully advised Russell Standard Corporation’s ownership and management teams in the sale of Russell Standard Corporation to Ergon Asphalt & Emulsions, Inc.

The transaction represents a significant consolidation in the asphalt, emulsions, and pavement preservation sector and reflects strong market confidence in long-term industry fundamentals. The deal involved the sale of a premier supplier and service provider with a long heritage in liquid asphalt and related materials operations across multiple states. As part of the transaction, the buyer will integrate the seller’s operational footprint into its broader platform, enhancing scale and geographic reach.

Clark Hill’s role encompassed comprehensive corporate advisory work, including transaction structuring, negotiation support, due diligence coordination, and closing execution. The team’s efforts helped facilitate a smooth sell-side process and align outcomes with the client’s strategic and financial objectives, demonstrating Clark Hill’s strength in guiding middle-market businesses through high-value acquisitions.