# Fort Point Capital Completes Gulf Pride Paving Recapitalization With CEO and Founder

> Fort Point Capital completed a recapitalization of Gulf Pride Paving with CEO Michael Jenner and founder BJ Sellers.

- Published: 2026-11-03T15:30:51+00:00
- Section: Mergers & Acquisitions
- Author: News Desk
- URL: https://newsforagent.com/news/2026-11-03/fort-point-capital-gulf-pride-paving-recapitalization
- Source: [PR Newswire](https://www.prnewswire.com/news-releases/fort-point-capital-invests-in-gulf-pride-paving-302926930.html)

## Key takeaways

- Fort Point Capital completed a recapitalization of Gulf Pride Paving in partnership with CEO Michael Jenner and founder BJ Sellers.
- Avante Capital Partners provided debt financing for the transaction, and The Enginuity Group served as financial advisor to Gulf Pride.
- Gulf Pride, headquartered in Gulfport, Mississippi, serves customers across Mississippi, Alabama and Louisiana and has operated since 2003.

Fort Point Capital completed a recapitalization of Gulf Pride Paving in partnership with CEO Michael Jenner and founder BJ Sellers, the private equity firm announced on November 3, 2026. [PR Newswire](https://www.prnewswire.com/news-releases/fort-point-capital-invests-in-gulf-pride-paving-302926930.html) carried the announcement. Fort Point Capital is a Boston-based private equity firm founded in 2011 that targets fragmented sectors of the business services industry. [Gulf Pride](https://akta.pro/company-profiles/004jgby/gulf-pride-companies) is a Gulfport, Mississippi-based paving and civil construction company serving Mississippi, Alabama and Louisiana since 2003.

## Fort Point Capital's Gulf Pride Recapitalization

Fort Point Capital said it completed the recapitalization with Michael Jenner and BJ Sellers. Gulf Pride provides paving, civil construction, soil stabilization and concrete work, and self-performs entire projects from civil work and soil stabilization through paving and concrete finishing. The company serves general contractors, property owners, and commercial, government and industrial customers across the three states.

Brooke Ablon, Partner at Fort Point Capital, said: "Gulf Pride's ability to self-perform projects in-house, combined with its strong customer relationships, has made it a trusted partner across the Gulf Coast for building and maintaining critical infrastructure for its clients."

Jenner said the partnership will allow Gulf Pride to accelerate momentum built over several years of expanding its team, fleet and geographic footprint. David Gagliardi, Principal at Fort Point Capital, said the firm will invest behind the foundation built by Jenner and Sellers and help the company expand its capabilities and geographic reach across the Gulf Coast.

[Avante Capital Partners](https://akta.pro/company-profiles/0006w6p/avante-capital-partners) provided debt financing for the transaction. The Enginuity Group served as financial advisor and Nichols Wrigley provided legal counsel to Gulf Pride. Fort Point Capital said it is currently investing from FPC Small Cap Fund III and has completed over 60 acquisitions since its inception. Gulf Pride's services are described on [its website](https://gulf-pride.com).

## Companies in this story

- Fort Point Capital · website: http://fortpointcapital.com
- [Avante Capital Partners company profile](https://akta.pro/company-profiles/0006w6p/avante-capital-partners) · website: https://www.avantecap.com
- [Gulf Pride Companies company profile](https://akta.pro/company-profiles/004jgby/gulf-pride-companies) · website: https://gulf-pride.com

---
News for Agent · https://newsforagent.com/llms.txt