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Ace Asphalt Receives 2007 ACE Award for Top Private Companies


Phoenix, AZ – Ace Asphalt was honored as one of the top 50 private companies in the state by Arizona Corporate Excellence during the 2007 ACE Awards Banquet held earlier this month.

In its 13th year, the ACE Awards recognize the top privately-owned, for-profit companies headquartered in Arizona that consistently make an impact on the state’s economy and in the community.  The ACE Awards, originally called AzTech 50 Awards, began as a program to honor the 50 fastest-growing, high-technology companies in the state.  Due to a downturn in the technology industry, Arizona Corporate Excellence changed the name and focus of the awards in 2002.

“These Top 50 companies generated $20.1 billion in 2006 and $17.8 billion in 2005,” commented Mike Holt, director of Jefferson Wells International.  “This represents nearly 13 percent growth in one year – a very impressive feat for companies with no access to public capital markets, many of which grew completely from debt and internal financing.”

Ace Asphalt started as a small Wisconsin striping company in 1966 called Parking Stripes Inc.  With growing sales and opportunities, John Drexler brought his company to Arizona and in 1981, Ace Asphalt of Arizona was formed.  Today, Ace Asphalt is setting the standard in the Arizona construction industry for quality customer service through its reliability, responsiveness, and results.  As the largest private grading, paving, and pavement maintenance company in the state, Ace Asphalt paves or resurfaces over 180 million square feet per year.

“We are very appreciative to be recognized as one of the top private companies in our state,” stated Tim Drexler, President and CEO of Ace Asphalt.  “A strong economy alone doesn’t cause a business to grow.  You have to be poised for it, which we were.  The market conditions were right, and we had the right people and systems in place to take advantage of it.”

About Ace Asphalt
Ace Asphalt has served thousands of business customers and has completed over 50,000 projects in over 40 years of business.  Ace Asphalt is a member of the Inc. 5000 and has been ranked by its customers among the Top 5 Heavy Construction Companies in Arizona for the past 7 years.  For more information, contact us at 602-243-4100.

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2016 Top Contractor Four Years in a row.
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I am very pleased with the final product Ace Asphalt puts out and how well they handle everything – from schedule to barricades.

Ken K., PING