Construction Partners Acquires Ferebee Corporation

December 2, 2022

Construction Partners, Inc. (CPI) has acquired Ferebee Corporation, a Charlotte-based full-service hot‑mix asphalt and paving company with three hot‑mix asphalt plants in the greater Charlotte/Rock Hill area. The acquisition is a platform move that expands CPI's geographic footprint into western North Carolina and the Charlotte metro, and is expected to be accretive to earnings while maintaining the company's 2022 fiscal year-end leverage ratio.

Buyers
Construction Partners, Inc.
Targets
Ferebee Corporation
Platforms
Ferebee Corporation
Industry
Construction
Location
North Carolina, United States
Transaction Type
Buyout

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