Construction Partners, Inc. Expands Footprint in Alabama with Mobile Asphalt Acquisition

Construction Partners, Inc. Expands in Alabama



In a recent strategic move, Construction Partners, Inc. (NASDAQ: ROAD), a key player in civil infrastructure, has announced its acquisition of Mobile Asphalt Company, an established asphalt manufacturing and paving firm situated near Mobile, Alabama. This acquisition marks a significant milestone for the company, as it enhances its operational capacity in a region poised for growth.

The transaction enables Construction Partners to add five hot-mix asphalt plants along with the essential crews and equipment necessary for effective operation in the greater Mobile and southwestern Alabama markets. CEO Fred J. (Jule) Smith, III, emphasized the importance of this acquisition, stating, "Today's transaction represents a significant expansion of our presence in the Mobile metro area and the surrounding southwestern Alabama markets."

Prior to this acquisition, Construction Partners made its entry into the Mobile market last September with the purchase of John G. Walton Construction Company, thus laying the groundwork for this expansion. The Mobile Asphalt Company’s plants are strategically positioned to meet the rising demand driven by the economic activity associated with the Port of Mobile and the flourishing developments along Alabama's Gulf Coast, one of the state's fastest-growing regions.

Smith further explained, "We believe that Mobile Asphalt Company's strategically located plants and experienced crews will complement our existing operations in the area while benefiting from the heightened economic activity. We expect this business to continue operating as a new branded division of our Alabama platform company, Wiregrass Construction Company, under its Mobile Asphalt Company name. This honors the legacy of quality workmanship that the Mobile Asphalt Company name has come to represent."

About Construction Partners, Inc.


Construction Partners operates predominantly within the Sunbelt region, extending its operations across key states including Alabama, Florida, Georgia, North Carolina, Oklahoma, South Carolina, Tennessee, and Texas. The company's infrastructure services are underpinned by its hot-mix asphalt plants and aggregate facilities, allowing it to focus on the construction, repair, and maintenance of various surface infrastructures.

A significant share of Construction Partners' initiatives involves public sector projects. These encompass the development of local and state roadways, airport runways, and essential infrastructure such as bridges. Besides public sector engagements, the company also takes on numerous private sector projects that include paving and site work for various types of commercial sites including office buildings, shopping centers, and residential developments.

In conclusion, this acquisition is more than just a business deal; it's a step toward solidifying Construction Partners’ presence in a burgeoning market. With Mobile Asphalt Company becoming a key part of their operational framework, the company is well-positioned to capitalize on the ongoing economic growth in Alabama. For more information on Construction Partners and their projects, potential clients are encouraged to visit Construction Partners' official website.

Topics Heavy Industry & Manufacturing)

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