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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