Construction Partners, Inc. Completes Texas Acquisition

Rhea-AI Summary

Construction Partners (NASDAQ: ROAD) completed an acquisition announced Oct. 6, 2025 that adds eight hot-mix asphalt plants plus related crews and equipment operating in the Houston, Texas metro area. The assets were acquired from affiliates of Vulcan Materials Company and will be integrated into Durwood Greene Construction Co., which Construction Partners acquired in August 2025.

The company says the transaction expands its Houston production capacity, broadens geographic reach in Texas, and brings experienced crews and equipment to Durwood Greene to support increased project execution and customer service in the high-growth Houston market.

Positive

• 8 hot-mix asphalt plants added in Houston metro
• Assets integrated into Durwood Greene (acquired Aug 2025)
• Adds crews and equipment to increase production capacity
• Strengthens CPI's geographic footprint in Texas

Negative

• None.

News Market Reaction

-1.20%

1 alert

-1.20% News Effect

On the day this news was published, ROAD declined 1.20%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Company Adds Eight Hot-Mix Asphalt Plants in Houston Metro Area 

DOTHAN, Ala., Oct. 6, 2025 /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 eight hot-mix asphalt plants and related crews and equipment operating throughout the Houston, Texas metro area from certain affiliates of Vulcan Materials Company (NYSE: VMC). The acquired operations will be part of Durwood Greene Construction Co., acquired by CPI in August 2025, further strengthening CPI's presence and capacity in the Houston asphalt market.

Fred J. (Jule) Smith, III, the Company's President and Chief Executive Officer, said, "Today's acquisition significantly expands our operations in the fast-growing Houston area while reinforcing CPI's strategy of building better markets and  strategically growing our geographic footprint in Texas. With today's transaction, we gain not only asphalt production assets but talented builders who share our commitment to safety, quality, and customer satisfaction. The addition of these eight hot-mix asphalt plants, together with their associated crews and equipment, provides our talented and experienced management team at Durwood Greene with powerful tools to increase production and better serve new and existing customers with greater geographic breadth and efficient project execution. We are excited to welcome our new crews into Durwood Greene and the CPI family of companies. The capabilities and local relationships they bring will deepen our reach, improve our flexibility, and help us better support our customers and communities throughout the high-growth Houston area."

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-302575417.html

SOURCE Construction Partners, Inc.

FAQ

What did Construction Partners (ROAD) announce on October 6, 2025?

Construction Partners announced it acquired eight hot-mix asphalt plants and related crews and equipment in the Houston metro area.

Who did Construction Partners buy the Houston assets from in the ROAD Oct. 6, 2025 announcement?

The assets were acquired from affiliates of Vulcan Materials Company.

How will the newly acquired asphalt plants be organized under ROAD?

The operations will be integrated into Durwood Greene Construction Co., which Construction Partners acquired in August 2025.

When did Construction Partners acquire Durwood Greene relevant to the ROAD transaction?

Durwood Greene was acquired by Construction Partners in August 2025.

What strategic benefit did ROAD cite for the Houston acquisition?

The company said the deal expands Houston operations, increases production capacity, and deepens local relationships.

Does the ROAD announcement specify financial terms for the Houston acquisition?

No. The announcement does not disclose any financial terms for the transaction.