Smith, Gambrell & Russell, LLP Advises Colas on $480 Million Acquisition of Suit-Kote Corporation

Firm News

October 28, 2026

ATLANTA, GA (October 28, 2026) – Smith, Gambrell & Russell, LLP (“SGR”) advised Colas Inc., the U.S. subsidiary of global transport infrastructure company Colas, a Bouygues Group company, in its acquisition of 100% of the shares of Suit-Kote Corporation from the Suits family, based on an enterprise value of approximately US$480 million. The transaction closed on October 20, 2026, following pre-closing notification required by the Hart-Scott-Rodino Antitrust Improvements Act, investigations by the Department of Justice and New York and Pennsylvania Attorneys General, early termination granted by the Department of Justice, and remedies agreed to with New York and Pennsylvania Attorneys General and approved by the United States District Court for the Western District of Pennsylvania.

Suit-Kote, a 105-year-old family business, specializes in the distribution of liquid asphalt, the production of emulsion blends, and pavement construction and preservation services across several northeastern U.S. states. According to Colas, the acquisition strengthens its industrial footprint in North America and enhances its position in the region’s asphalt distribution market.

“This was a complex, multi-year transaction that required close coordination among our corporate, antitrust, real estate, employee benefits, environmental, tax, and litigation lawyers,” said Robert C. Hussle, the SGR partner who led the transaction. “We are proud to have helped our longtime client Colas reach the closing table and look forward to supporting its continued growth in the United States.”

The SGR team was led by Robert C. Hussle (Atlanta), Partner in the Corporate Practice Group. Core members of the team included Thomas M. Duffy (New York), Associate in the Corporate Practice Group; Wm. Parker Sanders (Atlanta), Partner and Head of the Antitrust & Trade Regulation Practice and Co-Head of the Manufacturing Practice; Alexander S. Clay (Atlanta), Partner in the Real Estate Practice Group; and Eli Awbrey (Atlanta), Associate in the Real Estate Practice Group.

The interdisciplinary team also included David G. Thunhorst (Atlanta), Partner and Head of the Corporate Practice; Heiko Gruenwald (Atlanta), Partner and Co-Head of the Manufacturing Practice; Audria Crain (Atlanta), Partner in the Corporate Practice Group; Buck Dixon (Atlanta), Counsel in the Environmental Practice Group; William M. Joseph (Atlanta), Counsel in the Tax Practice Group; Daniel J. Rodriguez (Atlanta), Associate in the Corporate Practice Group; Madeline T. Wakim (Atlanta), Associate in the Corporate Practice Group; Laura Jimenez Garcia (Atlanta), Associate in the Litigation Practice Group; Audrey D. Smith (Atlanta), Associate in the Litigation Practice Group; Ian M. Jones (Jacksonville), Counsel in the Litigation and Labor & Employment Practice Groups; Eliot H. Zuckerman (New York), Partner in the Real Estate Practice Group; Tyler Cunningham (Atlanta), Partner in the Real Estate Practice Group; Amanda Attenasio (New York), Senior Associate in the Real Estate Practice Group; Brantley B. Swindell (Atlanta), Associate in the Real Estate Practice Group; Teri King (Atlanta), Partner and Head of the Employee Benefits, Executive Compensation and ERISA Litigation Practice; J. David Putnal (Atlanta), Partner in the Employee Benefits, Executive Compensation and ERISA Litigation Practice Group; Angela Roberts (Atlanta), Partner in the Employee Benefits, Executive Compensation and ERISA Litigation Practice Group; Jordan A. Harcombe (Jacksonville), Associate in the Employee Benefits, Executive Compensation and ERISA Litigation Practice Group; and Adam B. Snyder (Atlanta), Associate in the Employee Benefits, Executive Compensation and ERISA Litigation Practice Group.

SGR’s Corporate Practice lawyers represent private and public companies, as well as entrepreneurs and investors, in sophisticated business transactions, including domestic and cross-border mergers, acquisitions, divestitures, equity and debt financings, leveraged buyouts, strategic alliances, joint ventures, and going-private transactions. Clients appreciate that we get deals done practically and efficiently, while helping them manage risks and achieve their business objectives. Learn more about our capabilities: https://www.sgrlaw.com/capabilities/corporate

About Colas Inc.
Colas Inc. is the U.S. subsidiary of Colas, a Bouygues Group company that designs, builds, and maintains mobility infrastructure and sustainable development projects around the world. Colas has operated in North America for more than 60 years. Learn more: https://www.colas.com/en

About Smith, Gambrell & Russell, LLP
Smith, Gambrell & Russell, LLP is a full-service, international law firm that advises regional, national, and global businesses on a wide range of legal matters. The Firm’s more than 400 professionals provide legal counsel in nearly 100 specialized practice areas, including corporate transactions, litigation, intellectual property, aviation, banking, real estate, insurance/reinsurance, construction, employment law, international, and employee benefits and executive compensation. Founded in 1893, SGR has 15 domestic and international offices, including Atlanta, Austin, Charlotte, Chicago, Houston, Jacksonville, London, Los Angeles, Miami, Milan, Munich, New York, Southampton, Tampa, and Washington, D.C.