Recent Updates — ROAD

Construction Partners, Inc. has completed its acquisition of S.E. Cline Construction, a commercial site development and underground utility construction company based in Palm Coast, Florida. The transaction adds approximately 60 employees and a rail-served asphalt plant to the company's Florida platform, strengthening its presence along the Interstate 95 corridor. This move complements existing paving operations and supports future vertical integration. Construction Partners is a vertically integrated civil infrastructure company specializing in the construction and maintenance of roadways across Sunbelt states.

Construction Partners completed its acquisition of the asphalt manufacturing and construction assets of J.H. Strain & Sons, Inc., headquartered in Tye, Texas. The transaction adds two hot-mix asphalt plants, related crews, and equipment serving the greater Abilene area to CPI’s Lone Star Paving platform. The deal brings more than 125 new employees to the company as it expands its presence in a growing West Texas market with significant infrastructure investment opportunities. Construction Partners is a vertically integrated civil infrastructure company specializing in the construction and maintenance of roadways across Sunbelt states.

Construction Partners, Inc. completed its acquisition of Roads, Inc., an asphalt manufacturing and construction business based in Cantonment, Florida. The transaction includes a hot-mix asphalt plant located north of Pensacola, along with related crews and equipment. These operations are integrated into the company's existing Florida platform, C.W. Roberts Contracting Incorporated. The deal adds more than 150 employees to the organization and expands Construction Partners' presence in the Florida Panhandle. This strategic move enhances the company's capacity to serve public and private infrastructure customers throughout the growing region. Construction Partners is a vertically integrated civil infrastructure company specializing in the construction, repair, and maintenance of roadways and surface infrastructure across Sunbelt states.

Construction Partners, Inc. completed its acquisition of Asphalt Express Enterprises, LLC on August 31, 2026. The transaction adds liquid asphalt supply and transportation capabilities in Oklahoma and North Texas to the company's operations. Overland Corporation, CPI’s Oklahoma platform, acquired Asphalt Express’s rail-served industrial site in Ardmore, Oklahoma, along with a fleet of trucks and trailers used for transporting liquid asphalt. This acquisition supports Construction Partners' strategy to strengthen vertical integration by securing access to critical raw materials and enhancing transportation flexibility for its asphalt operations in the region. Construction Partners is a vertically integrated civil infrastructure company specializing in the construction and maintenance of roadways across Sunbelt states.

Construction Partners, Inc. reported fiscal third quarter results for the period ended June 30, 2026, announcing revenue of $999.4 million, a 28.2% increase from the prior year. Adjusted net income rose 34% to $60.6 million, and adjusted EBITDA increased 24% to $163.0 million. The company achieved a record project backlog of $3.36 billion and raised its full-year fiscal 2026 outlook, projecting revenue between $3.640 billion and $3.680 billion. Management cited strong demand for public infrastructure and commercial construction, alongside the recent acquisition of Ellsworth Construction in Oklahoma, as drivers for the upward revision. Construction Partners, Inc. is a vertically integrated civil infrastructure company specializing in the construction and maintenance of roadways throughout Sunbelt markets.