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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