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Construction Partners ( (ROAD) ) just unveiled an update.
SunTx Capital Partners II, L.P. and SunTx Capital Partners II Dutch Investors, L.P. distributed a total of 500,000 shares of Construction Partners, Inc.’s common stock to their partners without any consideration. After the distribution, SunTx Capital Partners and its affiliates continue to hold a significant stake, owning shares that represent approximately 51.2% of the combined voting power, thus maintaining a controlling interest in the company.
More about Construction Partners
YTD Price Performance: 122.31%
Average Trading Volume: 397,302
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $5.41B
For an in-depth examination of ROAD stock, go to TipRanks’ Stock Analysis page.
