Construction Partners, Inc. Enhances Operations with Georgia Acquisition Announcement

Construction Partners, Inc. Expands Through Acquisition of Piedmont Paving

DOTHAN, Ala., Nov. 4, 2026 – Construction Partners, Inc. (NASDAQ: ROAD), a leading civil infrastructure company, has announced its acquisition of Piedmont Paving, Inc. This strategic move aims to bolster the company’s operations along the rapidly developing Interstate 85 corridor connecting Columbus and Atlanta, Georgia.

The newly acquired Piedmont Paving, based in Newnan, specializes in site development and asphalt paving for a diverse range of projects servicing both public and private sectors in the Atlanta metropolitan area. Their operations, which include a hot-mix asphalt plant and a team of over 110 skilled employees, are now affiliated with CPI’s Georgia platform, The Scruggs Company.

Fred J. (Jule) Smith, III, President and CEO of Construction Partners, expressed enthusiasm regarding the integration of the Piedmont Paving team into CPI. He highlighted that the acquisition enhances the company's capacity to address the growing infrastructure demands in a key area of Georgia. With Piedmont’s established reputation for quality and reliability, Scruggs aims to leverage this partnership to strengthen its existing customer relationships while boosting its service offerings.

Piedmont Paving's strategically located hot-mix asphalt facility and experienced workforce position it as a valuable asset to Scruggs, allowing the company to effectively manage customer needs in west-central Georgia. By expanding its portfolio, CPI intends to capitalize on the region's increasing demand for quality infrastructure services, which comprises both public and private projects.

Established in 2000, Construction Partners, Inc. operates under a vertically integrated model, focusing on paving, repair, and maintenance of surface infrastructure throughout various Sunbelt states—including Alabama, Florida, Georgia, North Carolina, Oklahoma, South Carolina, Tennessee, and Texas. A significant portion of their operations is dedicated to public projects such as roadways, airports, and bridges, alongside private ventures in the commercial and residential sectors.

The acquisition is anticipated not only to enhance service delivery but also to allow for further expansion in the civil infrastructure market. The existing operations of Piedmont Paving will seamlessly integrate into the larger CPI framework while upholding their commitment to quality and timely service delivery.

In tandem with this acquisition, Construction Partners remains focused on identifying additional opportunities for growth within the market. They intend to utilize insights from their latest acquisition to enhance operational efficiencies, ensuring that they remain competitive in an evolving industry landscape.

As Construction Partners continues to build on its strengths, customers and stakeholders can look forward to an expanded portfolio of services and improved operational capabilities within crucial regions of Georgia. This strategic maneuver is poised to reaffirm CPI's commitment to quality, dependability, and growth in the civil infrastructure sector.

To learn more about Construction Partners, Inc. and its recent acquisitions, please visit www.constructionpartners.net.

Cautionary Note Regarding Forward-Looking Statements

This announcement contains forward-looking statements that reflect management's current views regarding future events and financial performance. These statements involve risks and uncertainties that could cause actual results to differ materially from current expectations. As such, these views should not be construed as guarantees of future performance. For details regarding these risks, please refer to the company's recent filings with the SEC.