Construction Partners, Inc. Expands Operations with Texas Acquisition of Durwood Greene

Construction Partners, Inc. Completes Texas Acquisition

In a significant development for the civil infrastructure sector, Construction Partners, Inc. (NASDAQ: ROAD) has announced the acquisition of Durwood Greene Construction Co. and GS Asphalt, Inc., located in Stafford, Texas. This strategic move marks a pivotal expansion into the Houston metro area, recognized as one of the fastest-growing regions in the United States.

New Assets and Capabilities

The acquisition adds three operational hot-mix asphalt plants to Construction Partners’ portfolio, further elevating its production capabilities. Durwood Greene, a family-run business, has been a trusted name in the Houston area, offering extensive construction and paving services for both public and private projects. With Durwood Greene's nearly 200 employees coming on board, Construction Partners is well-positioned to enhance its operational reach and effectiveness in the marketplace.

Fred J. (Jule) Smith, III, President and CEO of Construction Partners, expressed his enthusiasm regarding the acquisition: "We are pleased to welcome Durwood Greene and its nearly 200 employees to Construction Partners. As a third-generation family business, Durwood Greene has earned its reputation as a well-respected market leader in Houston."

The organization of Durwood Greene's leadership is robust, featuring industry stalwarts like Brad, Jonathan, and Daniel Greene, who have garnered respect and knowledge in the construction sphere. Their continuity in management is expected to ensure that the high standards of operational excellence maintained by Durwood Greene are preserved.

Strategic Integration and Growth Potential

The integration of Durwood Greene into Construction Partners is set against a backdrop of strategic planning and vertical integration opportunities. One significant benefit includes the ability to procure liquid asphalt from the existing terminal of Lone Star Paving, an entity that Construction Partners acquired last year. By increasing operational throughput at this facility, Construction Partners aims to streamline its supply chain further.

Dean Lundquist, the President of Lone Star Paving, and his accomplished team of construction professionals in Texas will oversee this integration. Their mission underscores a commitment to execution of Construction Partners’ strategy across three of Texas' four largest metropolitan areas, aiming to capitalize on the state’s robust economic environment and transportation program.

Optimistic Outlook for Texas Market

The optimism for growth in Texas is palpable, considering the favorable demographic trends and robust transportation funding. Construction Partners expects to leverage both organic growth and continuous acquisitions as it adapts to the evolving market landscape. With a focus on public infrastructure projects like roadways, highways, and airport runways, the company’s model allows for diverse revenue streams.

As Construction Partners integrates Durwood Greene into its operations, the potential for collaborative projects and resource sharing indicates a forward-thinking approach to sustainability in the infrastructure sector. The years to come will undoubtedly shed light on how this expansiveness translates into enhanced service capabilities and community impact.

To learn more about Construction Partners, Inc. and its avant-garde approach towards civil infrastructure, visit Construction Partners Website.

Conclusion

The acquisition of Durwood Greene not only reflects Construction Partners' commitment to growth and excellence but also signifies a strong narrative of family business heritage and market leadership. As the company consolidates its position in Texas, it sets a benchmark for innovation and service delivery in the infrastructure industry.