Vasco Expands Sports Surfaces Platform

The Vasco Group, a sports surfaces company and a portfolio company of Monogram Capital and Halmos Capital since April 2025, has acquired Howard B. Jones & Son and Court Surfaces of Florida.
The Vasco Group is a provider of sports surfacing services, including construction, resurfacing and maintenance of athletic fields and courts used by K–12 schools, universities, municipalities, homeowner associations and professional athletic organizations. The company’s capabilities include asphalt and synthetic turf surfacing, track and tennis court installations, and maintenance. Vasco also provides related services such as fencing and lighting, with projects ranging from smaller community courts to larger athletic complexes. In addition to its own employees, Vasco also utilizes American Sports Builders Association-certified builders.

Vasco was founded in 1967 and is headquartered south of Akron in Massillon, Ohio, with an additional facility in Florida where it operates under the Nidy Sports Construction brand.
South Carolina-based Howard B. Jones & Son, founded more than 50 years ago, provides tennis court design, repair and maintenance services across several Southeastern states. The business specializes in Har-Tru and Hydro Court clay systems, along with acrylic hard court construction and resurfacing, and also provides pickleball and basketball surface services.
Jacksonville-headquartered Court Surfaces of Florida provides new court construction, resurfacing and repair services for tennis, pickleball and basketball facilities, and running tracks. The company services municipalities, schools and private organizations across the Jacksonville/St. Augustine metropolitan area.
Matt Savage
“Howard B. Jones and Court Surfaces are exactly the kind of founder-led, reputation-driven businesses we look to partner with. Both bring strong regional coverage, deep technical expertise, and a real cultural fit with how we operate at Vasco,” said Matt Savage, CEO of Vasco Group. “These acquisitions are the result of deliberate work, scouting the country for well-established businesses that strengthen our existing footprint while opening doors in new markets. They reflect the momentum we built in 2025 and keep us firmly on track toward building the most comprehensive sports surfacing platform in the country.”
The sports surfacing sector has seen steady demand driven by growth in tennis and pickleball, along with ongoing upgrade and maintenance needs. Municipal spending and outsourcing trends continue to support activity, while aging courts require regular replacement to meet usage and safety standards.

Several major investment banks that cover the sector point to a recurring, cycle-driven model underpinning the sector. Resurfacing typically occurs every four to eight years, creating consistent demand tied to usage rather than new construction. At the same time, rising pickleball participation is driving court conversions, and the fragmented contractor base continues to present consolidation opportunities for scaled platforms.
Halmos Capital invests in North American lower middle market businesses that have revenues of $10 million to $100 million and EBITDA of $2 million to $30 million. The firm was founded by Andrew Cohan in 2010 and is headquartered in Coral Gables, Florida.
Monogram Capital invests up to $75 million of equity in companies with revenues of $5 million to $250 million. Sectors of interest include food and beverage, beauty and personal care, pet products, manufacturing and multi-location businesses. Monogram was founded in 2014 and is headquartered in Beverly Hills, California.