Construction Partners Acquires Florida Asphalt Terminal and Okeechobee Ready‑Mix Business

February 28, 2019

Construction Partners, Inc. (NASDAQ: ROAD) completed two Florida acquisitions for an aggregate purchase price of approximately $19 million, acquiring a liquid asphalt terminal in Panama City, FL and a hot mix asphalt / ready‑mixed concrete business in Okeechobee, FL. The deals support CPI's vertical integration strategy and expand the company’s geographic presence and materials supply capabilities in Florida.

Buyers
Construction Partners, Inc.
Targets
Liquid asphalt terminal (Panama City, Florida), Hot mix asphalt and ready‑mixed concrete business (Okeechobee, Florida)
Industry
Construction
Location
Florida, United States
Transaction Type
Buyout

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