O2 Launches Ironcore Paving and Appoints Jared O’Connell as CEO
September 2026
Islandia, New York
O2 Investment Partners (www.o2investment.com) is excited to announce the branding of its commercial paving platform, established in April 2026. Following O2’s initial investment in Atlas Asphalt, this new platform sets the stage for future partnerships with other complementary, premium assets in the space. The platform will operate under the name Ironcore Paving.
Ironcore will be a trusted commercial paving maintenance provider, helping its clients maintain safe and durable properties with strong curb appeal and maximum functionality.
To lead this platform, O2 has appointed Jared O’Connell as Chief Executive Officer (CEO). Jared joins Ironcore Paving from Alpine-backed Leo Facility Management, where he was most recently Chief Operating Officer. At Leo, he and his team built an integrated service platform and commercial organization that improved service outcomes for customers nationally.
As CEO, Jared will oversee all aspects of the Company’s operations, including strategy, M&A, financial delivery, sales execution, operating processes and systems, and the shared services backbone.
“I am honored to partner with O2 and our company founders to begin building out the Ironcore Paving platform,” said Jared. “Our team prides itself on being the best paving partner in our communities, proving to our clients that we execute high-quality work efficiently and safely while minimizing disruption at their sites.”
Shyam Shah of O2 commented, “We are excited to announce the Ironcore Paving brand and even more thrilled to welcome Jared to the team. We are highly encouraged by Jared’s track record of scaling businesses and confident he is the right leader to position the platform for continued success. The new brand and addition of Jared signal our commitment and intention to create a differentiated commercial paving platform centered on the customer experience.”
About Ironcore Paving:
Headquartered in Islandia, New York, Ironcore provides a full suite of commercial paving services including asphalt paving, concrete paving, sealcoating, crack filling, line striping & marking, parking signage, drainage repair, and other maintenance programs. The Company is a trusted partner to large commercial and corporate firms needing reliable paving services, while also serving some residential customers. Ironcore maintains relationships with a mix of larger paving platforms and general contractors throughout the country, giving it greater flexibility to take on jobs across a broader geographic area. By largely self-performing jobs, Ironcore maintains a high level of commitment to speed, dependability, service, and job quality to clients across the Northeast and broader coastal region, serving 20+ states across the country.
About O2 Investment Partners:
O2 Investment Partners is a Midwestern-based private equity firm that seeks to acquire majority interests in lower middle market B2B services, technology, and select industrial companies. The firm invests in businesses with earnings growth potential and a clear path to the creation of shareholder value. O2 invests with a view toward partnering with management to build and grow the business and take it to its next stage of development. This requires not only a clear vision and strategic plan to create shareholder value, but a close partnership and alignment of interest with management.
Additional information is available at www.o2investment.com.