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Stock impact report

Construction Partners, Inc. Enters into Definitive Agreement to Acquire Platform Company in Texas

Construction Partners, Inc. (ROAD) 
Last construction partners, inc. earnings: 2/7 07:00 am Check Earnings Report
Company Research Source: PR Newswire
CPI to Acquire Lone Star Paving in Austin, Texas for $654 Million in Cash and 3 Million SharesTransaction to be Immediately Accretive to Earnings upon Closing Expected in Q1FY25Transformational Transaction Expected to Significantly Accelerate CPI's ROAD-Map 2027 GoalsTransaction Adds 10 Hot-Mix Asphalt Plants, Four Aggregate Facilities, and One Liquid Asphalt TerminalCPI to Host Conference Call Today at 9:00 AM Eastern DOTHAN, Ala., Oct. 21, 2024 /PRNewswire/ -- Construction Partners, Inc. (NASDAQ: ROAD) ("CPI"), a vertically integrated civil infrastructure company specializing in the construction and maintenance of roadways across six southeastern states, today announced that it has entered into a definitive agreement to acquire Asphalt Inc., LLC d/b/a Lone Star Paving ("Lone Star"), headquartered in Austin, Texas. Lone Star is a vertically integrated asphalt manufacturing and paving company operating in attractive high-growth markets in central Texas, with 10 hot-mix asphalt plants, Show less Read more
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