Construction Partners Acquires Two Hot-Mix Asphalt Plants in Florida

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

February 28, 2019

Construction

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.

Construction Partners Acquires Southern Asphalt, Inc.

March 7, 2022

Construction

Construction Partners, Inc. (NASDAQ: ROAD) has acquired Southern Asphalt, Inc., an asphalt paving contractor based in Burgaw, North Carolina, expanding the company's footprint into the Wilmington, NC metro area. The acquisition adds a local paving team and capabilities to Construction Partners' civil infrastructure platform in the southeastern United States.

Construction Partners, Inc. Acquires King Asphalt, Inc.

October 4, 2021

Construction

Construction Partners, Inc. (NASDAQ: ROAD) acquired King Asphalt, Inc., a Liberty, South Carolina-based hot-mix asphalt and paving company with three plants in the Greenville area. The acquisition gives Construction Partners a South Carolina platform to support future geographic expansion and participation in public, commercial and residential paving projects.

Construction Partners Acquires GAC Contractors' Florida Asphalt and Sitework Assets

March 18, 2022

Construction

Construction Partners, Inc. acquired the asphalt, grading and sitework operational assets of GAC Contractors, Inc., including a hot‑mix asphalt plant in Panama City, Florida. The transaction adds GAC's crews and more than 200 former GAC employees to Construction Partners and expands the company's operational resources in the Florida panhandle.

Construction Partners, Inc. Acquires John G. Walton Construction Company, Inc.

September 10, 2024

Construction

Construction Partners, Inc. (NASDAQ: ROAD) has acquired John G. Walton Construction Company, Inc., a Mobile, Alabama–based contractor that includes a hot‑mix asphalt plant and related crews and equipment. The acquisition expands Construction Partners' hot‑mix asphalt capacity and local presence in the Mobile and southwestern Alabama market, supporting the company's continued geographic growth in Alabama.

Construction Partners Acquires Three Hot‑Mix Asphalt Plants from Blue Water Industries

November 21, 2022

Construction

Construction Partners, Inc. (CPI) acquired three hot‑mix asphalt (HMA) plants and related construction operations in the Nashville, Tennessee metro area from Blue Water Industries. The assets will be integrated as bolt‑on additions to CPI’s Alabama‑based platform Wiregrass Construction Company; the transaction also included a cash consideration and the transfer of CPI’s Daurity Springs Quarry to Blue Water Industries with aggregate sourcing rights retained by CPI.