Construction Partners, Inc. Expands Operations with New Acquisition in Florida

Construction Partners, Inc. Expands with New Acquisition in Florida

Construction Partners, Inc. (CPI), a prominent player in the civil infrastructure sector, has recently finalized its acquisition of Roads, Inc. of NWF, based in Cantonment, Florida. This strategic move is set to bolster CPI’s presence and operational capacity in the Florida Panhandle, a region crucial for both public and private infrastructure projects.

Strengthening Infrastructure Services

CPI, traded on NASDAQ as ROAD, specializes in a variety of infrastructure applications, particularly focusing on the construction and maintenance of roadways across the Sunbelt area. The acquisition not only expands its operational territory but also significantly enhances its construction capabilities. Roads, Inc. is known for its proficiency in asphalt manufacturing, roadway construction, and disaster response debris removal services, extending its influence throughout Florida, Alabama, and the Southeastern United States.

The newly acquired assets include a hot-mix asphalt plant situated strategically north of Pensacola, along with the necessary crews and construction equipment. This facility will integrate into CPI's existing Florida operations under C.W. Roberts Contracting, Incorporated (CWR), which will now leverage Roads, Inc.'s established local relationships and workforce expertise.

Remarks from CPI Leadership

Fred J. (Jule) Smith, III, the President and CEO of Construction Partners, expressed enthusiasm about the acquisition. He stated, "We are thrilled to welcome the Roads, Inc. team into the CPI family. This acquisition not only enhances CWR’s operations in the Florida Panhandle but also positions us to better serve our public and private infrastructure customers. The combination of Roads, Inc.'s strategically located hot-mix asphalt plant and its skilled workforce will complement our existing operations, making us more competitive in this growing market."

With this move, CPI anticipates welcoming over 150 new employees into the CWR team, reinforcing its commitment to quality service and community engagement. Smith emphasized the importance of merging Roads, Inc.'s well-established reputation for quality work with CPI's extensive experience to enhance service delivery across the Panhandle region and beyond.

About Construction Partners, Inc.

Founded as a vertically integrated civil infrastructure entity, Construction Partners, Inc. operates in key markets throughout the Sunbelt, which includes states such as Alabama, Florida, Georgia, North Carolina, Oklahoma, South Carolina, Tennessee, and Texas. The company’s operational portfolio primarily focuses on the construction, repair, and maintenance of surface infrastructure, effectively addressing both public and private sector needs.

CPI's multi-faceted approach incorporates public projects such as local and state roadways, interstate highways, airport runways, and bridges. In addition, it plays a vital role in handling private sector projects that involve paving and site work for residential developments, shopping centers, and office parks.

This acquisition signifies a positive trajectory for Construction Partners, further consolidating its position in the region's infrastructure market despite challenges posed by industry variables. The impact of this acquisition will unfold as CPI integrates Roads, Inc.’s operations and works towards fulfilling its growth objectives.

For further details and updates about Construction Partners, visit www.constructionpartners.net.

Future Prospects

Looking ahead, Construction Partners, Inc. is cautiously optimistic about the benefits from this acquisition and other similar initiatives. They indicate that continued growth will demand ongoing investments in people, technology, and infrastructure solutions adaptable to the changing economic landscape. As this acquisition illustrates, CPI is paving the way for future innovations and improvements in civil infrastructure throughout its operational territories, truly living up to its mission to enhance community mobility and safety through quality construction projects.