Construction Partners ( (ROAD) ) has shared an announcement.
On February 3, 2025, Construction Partners, Inc. announced the completion of its acquisition of Mobile Asphalt Company LLC, adding five hot-mix asphalt plants and associated crews and equipment in the Mobile and southwestern Alabama market areas. This acquisition marks a significant expansion of Construction Partners’ operations in the region, enhancing its presence and aligning with economic growth driven by the Port of Mobile and coastal development. The acquired business will operate as a new branded division under Wiregrass Construction Company while maintaining the Mobile Asphalt Company name.
More about Construction Partners
Construction Partners, Inc. is a vertically integrated civil infrastructure company operating in local markets throughout the Sunbelt, including Alabama, Florida, Georgia, North Carolina, Oklahoma, South Carolina, Tennessee, and Texas. The company focuses on the construction, repair, and maintenance of surface infrastructure, primarily through publicly funded projects such as local and state roadways, interstate highways, airport runways, and bridges, while also engaging in private sector projects.
YTD Price Performance: -8.45%
Average Trading Volume: 492,767
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $4.51B
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