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.

Construction Partners, Inc. announced the completion of an acquisition transaction on July 13, 2026. The company operates in the construction and infrastructure industry.

On June 18, 2026, Construction Partners, Inc. entered into Amendment No. 1 to its Term Loan B Credit Agreement, increasing the aggregate principal amount of term loans from $839.4 million to $1,139.4 million, which includes $300.0 million in incremental term loans. The amendment refinances existing loans to reduce interest rate margins by 0.25% per annum if the consolidated first lien net leverage ratio remains below 2.95-to-1.00. Key changes include a maturity date of November 1, 2031, quarterly amortization payments of 0.25%, and a new annual stock repurchase basket of up to $50.0 million. The company also increased leverage ratio tests for incremental debt and excess cash flow sweeps by 0.25 to 1.00. The company provides commercial concrete and asphalt paving services for the construction industry.

Construction Partners, Inc. entered into a Sixth Amendment to its Third Amended and Restated Credit Agreement, increasing the revolving credit facility from $500.0 million to $700.0 million. The amendment also adjusts financial covenants, increases the material acquisition threshold to $100.0 million, and permits certain restricted payments for stock repurchases up to $50.0 million per fiscal year.