DiPonio Contracting Acquires Lodestar Construction

Construction Partners, Inc. Acquires Lone Star Paving (Asphalt Inc., LLC)

November 4, 2024

Construction

Construction Partners, Inc. (NASDAQ: ROAD) completed the acquisition of Asphalt Inc., LLC d/b/a Lone Star Paving, a vertically integrated asphalt manufacturing and paving company operating in central Texas. The deal expands CPI's vertical integration and presence in high-growth Texas markets and led CPI to raise its fiscal 2025 guidance to reflect Lone Star's expected contribution.

Evolution Strategy Partners Recapitalizes DiPonio Contracting

July 26, 2023

Industrial Services

Evolution Strategy Partners completed the recapitalization of its portfolio company DiPonio Contracting, bringing new equity and debt capital into the partnership. The additional financing is intended to support DiPonio’s organic growth, investment in its team and equipment, and expansion across Michigan and the upper Midwest via strategic acquisitions.

Penske Truck Leasing Acquires Star Truck Rentals, Inc.

April 26, 2023

Trucking & Fleet

Penske Truck Leasing agreed to acquire Star Truck Rentals, Inc., a Michigan-based transportation services company that offers full-service leasing, commercial truck rental, contract maintenance and used truck sales. The acquisition adds Star’s ~1,900 vehicles and 18 locations across Michigan and Indiana to Penske’s network; financial terms were not disclosed and the transaction was expected to close in Q2 2023 subject to customary approvals.

Lithko Contracting Acquires Frontline Concrete

January 6, 2022

Construction

Lithko Contracting, together with equity partners The Pritzker Organization and DNS Capital, acquired the assets of Frontline Concrete, Inc., a Salt Lake City-based concrete contractor. The transaction expands Lithko's presence in the Wasatch Valley and adds Frontline's tilt-up, foundations, slab, and sitework capabilities to Lithko's regional operations.

Lithko Contracting Acquires Assets of Pikus Concrete & Construction

February 9, 2021

Construction

Lithko Contracting, alongside equity partners The Pritzker Organization and DNS Capital, acquired the assets of Pikus Concrete & Construction on December 31, 2020. The deal gives Lithko a presence in the Salt Lake / Wasatch Valley market and adds Pikus’s cast-in-place commercial and industrial concrete capabilities and ~200 coworkers to its platform.

Union Partners I LLC Acquires Contractors Steel Company

May 25, 2018

Industrial Services

Union Partners I LLC has acquired Contractors Steel Company, a Livonia, Michigan-based carbon steel service center with multiple Midwest locations. The acquisition brings Contractors Steel into Union Partners' family of metals and logistics companies to expand capabilities and continue the company's legacy under new leadership.