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An announcement from Construction Partners ( (ROAD) ) is now available.
Construction Partners, Inc. has announced the acquisition of Overland Corporation, an asphalt manufacturing and paving company based in Ardmore, Oklahoma. This strategic move allows Construction Partners to enter its eighth state, expand its market presence in Oklahoma and northern Texas, and benefit from the growing asphalt demand as the Dallas metro area expands. The acquisition is expected to support sustained, profitable growth and aligns with the company’s strategy to reduce its leverage ratio over the next four to six quarters.
More about Construction Partners
Construction Partners, Inc. is a vertically integrated civil infrastructure company that operates 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 such as roadways, highways, runways, and bridges, supported by its hot-mix asphalt plants, aggregate facilities, and liquid asphalt terminals. Publicly funded projects are the majority of its business, with private sector projects also included.
YTD Price Performance: 0.0%
Average Trading Volume: 413,901
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $4.91B
See more data about ROAD stock on TipRanks’ Stock Analysis page.
