Construction Partners, Inc. Acquires Gelder & Associates, Inc.
December 4, 2020
Construction Partners, Inc. (NASDAQ: ROAD) has acquired Gelder & Associates, Inc., an asphalt and paving contractor that operates a hot-mix asphalt plant in Raleigh, North Carolina. The acquisition adds a local hot-mix plant and paving capability to Construction Partners' southeastern operations, strengthening its ability to serve customers in the Raleigh metro area and capture synergies with nearby operations.
- Buyers
- Construction Partners, Inc.
- Targets
- Gelder & Associates, Inc.
- Sellers
- Bob Marsh and the Gelder team
- Industry
- Construction
- Location
- North Carolina, United States
- Transaction Type
- Buyout
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