Construction Partners, Inc. Acquires Lone Star Paving (Asphalt Inc., LLC)
November 4, 2024
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.
- Buyers
- Construction Partners, Inc.
- Targets
- Asphalt Inc., LLC d/b/a Lone Star Paving
- Industry
- Construction
- Location
- Texas, United States
- Transaction Type
- Buyout
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