Construction Partners Completes Acquisition of Roads, Inc. of NWF

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Summary · why it matters

Construction Partners, Inc. announced on September 21 that it completed the acquisition of Roads, Inc. of NWF, an asphalt manufacturing and construction business based in Cantonment, Florida. The deal adds an asphalt plant north of Pensacola, related crews and equipment, and more than 150 employees to the company's C.W. Roberts Contracting, Incorporated platform. The acquired business provides asphalt paving, roadway construction and disaster-response debris removal across Florida, Alabama and the southeastern United States. Construction Partners did not disclose the purchase consideration, acquired revenue, or earnings, leaving the acquisition's financial returns unquantified. The transaction followed the fiscal third quarter ended June 30, when Construction Partners reported revenue of $999.4 million, up 28.2% year over year, and operating income of $109.4 million, up from $82.9 million a year earlier.

Impact on assets 5

Industrials▲ · 2 stocks
Construction Partners Inc
ROAD
▲ PositiveCapitalrelevance

Construction Partners completed the acquisition of Roads, Inc. of NWF, adding an asphalt plant, crews, equipment and 150+ employees to its C.W. Roberts platform.

Energy Transition & Power Demand▲ · 1 stocks
Consumer Discretionary▲ · 1 stocks
Critical Materials & Supply Chain▲ · 1 stocks

Off-coverage companies 2

C.W. Roberts Contracting, IncorporatedPrivate± Mixed
relevance

Roads, Inc. of NWFPrivate± Mixed
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