Construction Partners, Inc. Completes Texas Acquisition

Construction Partners (NASDAQ: ROAD) completed the acquisition of GMJ Paving Company, LLC, adding a hot-mix asphalt plant in Baytown east of Houston.

Rhea-AI Summary

Construction Partners (NASDAQ: ROAD) completed the acquisition of GMJ Paving Company, LLC, adding a hot-mix asphalt plant in Baytown east of Houston.

The Baytown plant is CPI's twelfth plant in the Houston metro area, complements CPI's footprint and increases throughput opportunity at its nearby liquid asphalt terminal. The GMJ team will operate under Durwood Greene Construction Co.

Positive

• Baytown hot-mix plant added as CPI's 12th Houston-metro facility
• Increased throughput opportunity at nearby liquid asphalt terminal
• Local expertise retained by welcoming GMJ leadership into Durwood Greene

Negative

• None.

Argus Feb 2 session

+3.93% close to close Open Argus

Details

News Market Reaction – ROAD

On Feb 2, the day this news came out, ROAD closed 3.93% above the previous close.

Data tracked by StockTitan Argus for the Feb 2 session.

Key Figures

Houston HMA plants: 12 plants Acquisition announcement date: February 2, 2026

Houston HMA plants

12 plants

Twelfth hot-mix asphalt plant in the Houston metro area after GMJ acquisition

Acquisition announcement date

February 2, 2026

Date ROAD announced acquisition of GMJ Paving Company, LLC

Previous Acquisition Reports

5 past events · Latest: Oct 20

Same Type 5 events

1. Oct 20

   Florida acquisition

   24h Move

   +2.4%

   Acquisition of P&S Paving adds two HMA plants and Florida I-95 presence.

2. Oct 09

   Concrete platform deal

   24h Move

   +1.4%

   Suncrete business combination to fund acquisitions and expand Sunbelt footprint.

3. Oct 06

   Texas capacity add

   24h Move

   -1.2%

   Eight Houston-area HMA plants from Vulcan to grow Durwood Greene operations.

4. Aug 04

   Texas platform buy

   24h Move

   -0.2%

   Acquisition of Durwood Greene and American Materials with plants and aggregates.

5. May 01

   Tennessee platform buy

   24h Move

   +3.1%

   PRI acquisition adds Knoxville HMA plant and pavement preservation services.

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

Key Terms

hot-mix asphalt plant, liquid asphalt terminal

2 terms

hot-mix asphalt plant technical

"Company Adds Hot-Mix Asphalt Plant in Houston Metro Area"

A hot-mix asphalt plant is a facility that heats and blends crude oil–based binder with sand and gravel to produce the hot pavement material used for roads, parking lots and repairs. Think of it as a bakery that mixes raw ingredients into a finished product for construction; for investors, the plant’s output, operating costs (especially energy and oil), permitting and location influence revenue, project timelines and exposure to infrastructure cycles and environmental rules.

liquid asphalt terminal technical

"providing additional throughput opportunity at CPI's nearby liquid asphalt terminal."

A liquid asphalt terminal is a storage and distribution facility where heated asphalt binders are kept, blended, and loaded onto trucks or railcars for delivery to paving and roofing customers. Think of it as a gas station and mixing yard for road tar: it keeps the material at the right temperature, ensures product consistency, and routes supply to projects. For investors, terminals are critical infrastructure that generate steady fee or margin income, affect supply reliability, and expose owners to demand swings from construction activity and fuel or heating costs.

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Company Adds Hot-Mix Asphalt Plant in Houston Metro Area

DOTHAN, Ala., Feb. 2, 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 GMJ Paving Company, LLC ("GMJ"), a leading asphalt paving contractor for public infrastructure projects operating throughout the Houston, Texas metro area. GMJ's hot-mix asphalt plant located in Baytown, east of Houston, represents CPI's twelfth plant in the Houston metro area, complementing CPI's existing geographic footprint and providing additional throughput opportunity at CPI's nearby liquid asphalt terminal.

Fred J. (Jule) Smith, III, the Company's President and Chief Executive Officer, said, "A core component of our growth strategy is to enter the right markets with the right partners. We entered Houston last August with our acquisition of Durwood Greene Construction Co. and grew our operations significantly in October with our acquisition of the Houston-area construction assets of Vulcan Materials Company. With the acquisition of GMJ, we are further expanding our market share and adding to our team of skilled and experienced operators with extensive local market knowledge and deep customer relationships that is well-positioned to serve one of the most dynamic and rapidly growing markets in the country. We welcome Lupe Munoz and his team to our family of companies as part of Durwood Greene Construction Co. and look forward to our future in Houston."

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-texas-acquisition-302676045.html

SOURCE Construction Partners, Inc.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Construction Partners (ROAD) acquire on February 2, 2026?

Construction Partners acquired GMJ Paving Company, LLC, including a Baytown hot-mix asphalt plant. According to the company, the plant becomes CPI's twelfth facility in the Houston metro area and will operate under Durwood Greene Construction Co.

How does the GMJ acquisition affect CPI's Houston footprint (ROAD)?

The acquisition expands CPI's Houston footprint by adding a twelfth plant in the metro area. According to the company, the Baytown plant complements existing operations and provides added throughput at CPI's nearby liquid asphalt terminal.

Will GMJ management join Construction Partners (ROAD)?

Yes, GMJ's leadership will join CPI's team under Durwood Greene Construction Co. According to the company, Lupe Munoz and his team were welcomed to maintain local market relationships and operational continuity.

Why is the Baytown plant strategically important for Construction Partners (ROAD)?

The Baytown plant increases local production capacity and logistics efficiency in the Houston area. According to the company, it complements CPI's nearby liquid asphalt terminal and supports growth in a rapidly expanding market.