Construction Partners, Inc. Completes Tennessee Acquisition

Rhea-AI Summary

Construction Partners (NASDAQ: ROAD) announced on April 1, 2026 the acquisition of Four Star Paving, LLC, a commercial asphalt paving contractor serving the Nashville, Tennessee metro area.

The deal integrates Four Star into its Tennessee platform, Pavement Restorations, Inc. (PRI), adding an experienced workforce, existing FOB asphalt customer relationships with three Nashville-area plants, and greater regional construction capacity to support growth in middle Tennessee.

Positive

• Acquisition of Four Star Paving in the Nashville metro
• Strengthens vertical integration via integration into PRI
• Adds experienced workforce to expand construction capacity
• Leverages existing FOB asphalt relationships with three Nashville plants
• Better positioned to pursue growing Nashville-area construction opportunities

Negative

• None.

News Market Reaction – ROAD

-6.21%

-6.21% Session close to close

In the Apr 2 session, ROAD declined 6.21%, reflecting a notable negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Market Context

The stock moved -6.2% in the session following this news. A negative reaction despite an accretive-l...

Analysis

The stock moved -6.2% in the session following this news. A negative reaction despite an accretive-looking acquisition would fit a scenario where investors focus on integration risk, execution bandwidth, or balance sheet usage after a series of large deals. Historical acquisition headlines have usually seen mild gains, so a sharp decline could reflect concerns about capital allocation, deal pacing, or potential future funding actions under the existing shelf registration.

Key Figures

Four Star operating history: more than 20 years Daily price change: 4.87% 52-week range: $64.79–$141.90 +1 more

4 metrics

Four Star operating history more than 20 years Time Four Star has served middle Tennessee customers

Daily price change 4.87% ROAD move on the day of the acquisition announcement

52-week range $64.79–$141.90 ROAD 52-week low and high before this news

Market capitalization $5,988,369,241 Equity value prior to considering acquisition impacts

Previous Acquisition Reports

5 past events · Latest: Feb 02 (Positive)

Same Type Pattern 5 events

Date	Event	Sentiment	24h Move	Catalyst
Feb 02	Texas acquisition	Positive	+3.9%	Closed GMJ Paving deal adding a Baytown hot‑mix asphalt plant.
Oct 20	Florida acquisition	Positive	+2.4%	Acquired P&S Paving, adding two plants and Florida east‑coast footprint.
Oct 09	Suncrete combination	Positive	+1.4%	Announced NYSE listing via business combination and PIPE funding.
Oct 06	Houston expansion	Positive	-1.2%	Acquisition of eight Houston-area plants and equipment for expansion.
Aug 04	Durwood Greene deal	Positive	-0.2%	Bought Durwood Greene and G&S Asphalt with plants and terminal.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

Acquisition headlines for ROAD have typically led to modest positive reactions, with only one clear divergence where shares dipped on otherwise expansionary news.

Recent Company History

Recent history shows Construction Partners using acquisitions to expand across the Sunbelt, including multiple Texas deals and a Florida expansion along the I‑95 corridor. These transactions added numerous hot‑mix asphalt plants, terminals and crews, deepening vertical integration. Past acquisition news has usually produced small positive price moves, averaging about 1.25%, making today’s stronger gain directionally consistent with this strategy.

Key Terms

vertically integrated, llc, fob asphalt

3 terms

vertically integrated technical

"a vertically integrated civil infrastructure company specializing in the construction"

Vertically integrated describes a company that owns and controls multiple steps in making and selling its products or services — for example sourcing raw materials, manufacturing, and distribution. Like a bakery that grows its own wheat, mills the flour, bakes the bread and runs the shops, this setup can lower costs, improve quality and speed to market and protect profit margins, but it also requires more capital and can reduce flexibility.

llc regulatory

"it has acquired Four Star Paving, LLC ("Four Star"), a premier commercial"

A limited liability company (LLC) is a legal business structure that shields owners’ personal assets from the company’s debts and legal claims while letting the business operate with flexible management rules. For investors, an LLC matters because it changes how risk, taxes and ownership transfers work—profits often flow through to owners’ personal tax returns and liability is typically limited, so investing in an LLC is like putting a financial firewall between your personal finances and the business.

fob asphalt financial

"Four Star has been a long-standing FOB asphalt customer of our three"

FOB asphalt means asphalt sold under a shipping term where the seller delivers the product to a specified loading point (commonly a refinery, terminal, or plant) and the buyer takes on the cost, insurance and risk of transport from that point onward. For investors, this affects who pays for shipping, who bears loss or damage in transit, and how costs and inventory are reported—similar to buying a car at the dealer lot versus paying extra to have it delivered to your driveway.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Transaction Enhances Nashville Area Operations

DOTHAN, Ala., April 1, 2026 /PRNewswire/ -- Construction Partners, Inc. (NASDAQ: ROAD) ("CPI" or the "Company"), a vertically integrated civil infrastructure company specializing in the construction and maintenance of roadways in local markets across the Sunbelt, today announced that it has acquired Four Star Paving, LLC ("Four Star"), a premier commercial paving contractor operating throughout the Nashville, Tennessee metro area. For more than 20 years, Four Star has been recognized as a leading provider of asphalt paving and related construction services in middle Tennessee, serving a variety of municipal, industrial, and commercial customers.

Fred J. (Jule) Smith, III, the Company's President and Chief Executive Officer, said, "We are pleased to announce the addition of Four Star to our Tennessee platform company, Pavement Restorations, Inc. ("PRI"). This transaction strengthens our vertical integration of services and enhances our capabilities and scale across the region. Four Star has been a long-standing FOB asphalt customer of our three Nashville-area plants. With the integration of Four Star's talented workforce into PRI, we are enhancing our construction capacity to support continued growth in middle Tennessee. As the Nashville metro area continues to rapidly grow, we are now better positioned than ever to participate in the resulting construction projects and opportunities. We welcome Robert Loudermilk, Brock Lodge, Clint Hensley and the entire Four Star team to our family of companies and look forward to our shared future together."  

About Construction Partners, Inc.

Construction Partners, Inc. is a vertically integrated civil infrastructure company operating in local markets throughout the Sunbelt in Alabama, Florida, Georgia, North Carolina, Oklahoma, South Carolina, Tennessee and Texas. Supported by its hot-mix asphalt plants, aggregate facilities and liquid asphalt terminals, CPI focuses on the construction, repair and maintenance of surface infrastructure. Publicly funded projects make up the majority of its business and include local and state roadways, interstate highways, airport runways and bridges. The company also performs private sector projects that include paving and sitework for office and industrial parks, shopping centers, local businesses and residential developments. To learn more, visit www.constructionpartners.net.

Cautionary Note Regarding Forward-Looking Statements

Certain statements contained herein that are not statements of historical or current fact constitute "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and 21E of the Securities Exchange Act of 1934. These statements may be identified by the use of words such as "seek" "continue," "estimate," "predict," "potential," "targeting," "could," "might," "may," "will," "expect," "should," "anticipate," "intend," "project," "outlook," "believe," "plan" and similar expressions or their negative. The forward-looking statements contained in this press release include, without limitation, statements relating to the benefits of a business acquisition and the expected results of the acquired business. These and other forward-looking statements are based on management's current views and assumptions and involve risks and uncertainties that could significantly affect expected results. Important factors that could cause actual results to differ materially from those expressed in the forward-looking statements are set forth in the Company's most recent Annual Report on Form 10-K, its subsequent Quarterly Reports on Form 10-Q, its Current Reports on Form 8-K and other reports the Company files with the SEC. Forward-looking statements speak only as of the date they are made. The Company assumes no obligation to update forward-looking statements to reflect actual results, subsequent events, or circumstances or other changes affecting such statements except to the extent required by applicable law.

Contact:

Rick Black / Ken Dennard
Dennard Lascar Investor Relations
ROAD@DennardLascar.com
(713) 529-6600

View original content:https://www.prnewswire.com/news-releases/construction-partners-inc-completes-tennessee-acquisition-302731662.html

SOURCE Construction Partners, Inc.

FAQ

What did Construction Partners (ROAD) announce on April 1, 2026 about Four Star Paving?

They announced the acquisition of Four Star Paving, a Nashville-area commercial asphalt contractor. According to the company, Four Star will be integrated into Pavement Restorations, Inc. (PRI) to expand regional capabilities and workforce in middle Tennessee.

How will the Four Star Paving acquisition affect ROAD's operations in Tennessee?

The acquisition increases ROAD's construction capacity and scale in middle Tennessee. According to the company, integrating Four Star into PRI adds operations expertise and strengthens vertical integration with local asphalt supply.

Who joins Construction Partners after the Four Star Paving acquisition announced April 1, 2026?

The company welcomed Robert Loudermilk, Brock Lodge, Clint Hensley and the Four Star team. According to the company, these additions bring local paving experience and will join PRI's Tennessee platform.

Why does Construction Partners say the Four Star deal matters for Nashville-area growth?

It enhances the company's ability to participate in Nashville metro construction projects as the region grows. According to the company, the deal strengthens service integration and regional capacity to support increased demand.

Does the April 1, 2026 announcement mention operational ties to ROAD's Nashville plants?

Yes, the announcement notes Four Star was a long-standing FOB asphalt customer of three Nashville-area plants. According to the company, this existing relationship supports operational continuity and supply integration.