Construction Partners, Inc. Expands Presence in Tennessee with New Acquisition

Construction Partners, Inc. Expands Operations in Tennessee

Construction Partners, Inc., known for its integrated civil infrastructure solutions, continues to strengthen its foothold in the southeastern United States. On May 1, 2025, the company announced its acquisition of PRI of East Tennessee, Inc. and Pavement Restorations, Inc., marking a significant expansion in Tennessee’s promising market. This move is aimed at enhancing its operations and providing innovative pavement solutions throughout the region.

Acquisition Details

Located in Knoxville and Milan, Tennessee, PRI operates a hot-mix asphalt plant and is recognized for its expertise in asphalt manufacturing and construction. The company plays a vital role in providing paving services for a diverse portfolio of both public and private sector projects across northeastern Tennessee. With this acquisition, Construction Partners will now manage a robust team of nearly 300 employees, solidifying its workforce in the region. Fred J. (Jule) Smith, III, President and CEO of Construction Partners, expressed excitement over this acquisition, emphasizing the synergy between PRI and the existing practices in Tennessee, including their three hot-mix asphalt plants situated in the Nashville metro area.

Leadership and Future Prospects

The transition of leadership within the PRI organization is in capable hands. Jon Hargett will serve as President, while Greg Ailshie has been appointed as Senior Vice President. Both individuals bring years of industry experience and local market knowledge that are critical to navigating Tennessee’s infrastructure landscape.

According to Smith, the economic indicators in Tennessee are favorable, presenting ample opportunities for both organic growth and additional acquisitions. The state's ongoing investments in transportation and infrastructure projects provide a solid foundation for the company's expanded capabilities. Smith noted, “With today's transaction, we now stretch the length of the state, from Knoxville in the east to the greater Memphis metro area in the west.” He anticipates that the enhancements brought by this acquisition will allow CPI to meet the growing demand for pavement preservation solutions effectively.

Strategic Advantages

The acquisition not only bolsters Construction Partners’ operational footprint but also enhances its technical capabilities in the competitive market landscape. New specialized crews and paving equipment from PRI are expected to complement existing capabilities, improving overall service delivery in pavement preservation and repair. Smith elaborated on the positive outlook for innovative solutions that extend pavement life, stating that as public and private sectors seek more efficient methods, CPI is well-positioned to lead those efforts.

The implications of this acquisition extend beyond mere expansion; it showcases a commitment to building a strong civil infrastructure that meets the needs of various stakeholders. As Construction Partners integrates PRI’s specialized expertise into its operations, the company reaffirms its dedication to quality and service excellence in construction and maintenance processes.

About Construction Partners, Inc.

Founded to provide exceptional civil infrastructure solutions, Construction Partners is a leader in delivering asphalt-related services throughout the Sunbelt region, including Alabama, Florida, Georgia, and now, Tennessee. Their operations are supported by strategically located hot-mix asphalt plants and aggregate facilities, with a primary focus on servicing public sector projects such as local roadways, bridges, and airport runways. In the private sector, the company undertakes paving and site work for various commercial developments.

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

Forward-Looking Statements

This announcement contains forward-looking statements concerning potential future growth and developments in the company's operations. Such statements are based on management's current views and involve risks and uncertainties which could impact the realization of these projections. As with any business acquisition, outcomes may vary based on market conditions and execution strategies.