Elder Bray & Bankler Supports J.H. Strain & Sons in Asset Sale Transaction

In a significant move within the construction sector, Elder Bray & Bankler, a prominent corporate law firm, has successfully guided J.H. Strain & Sons, Inc. through the sale of its asphalt manufacturing and construction assets. This transaction, which also encompasses the sale of the company's aggregates and quarry operations, aligns with the strategic goals of both the buyer and seller.

Overview of the Transaction

J.H. Strain & Sons is a renowned fourth-generation family-owned road construction company based in Tye, Texas. Since its establishment in 1959, it has built a strong reputation by serving the greater Abilene area and various parts of West Texas. The company has now taken the pivotal step of selling its assets to Construction Partners, Inc. (CPI), marking a new chapter in its operations.

CPI is recognized as a vertically integrated civil infrastructure company that specializes in the construction and maintenance of roadways across the Sunbelt region. The acquisition includes J.H. Strain's two hot-mix asphalt plants, paving crews, and essential equipment, along with a workforce exceeding 125 employees. With this acquisition, these operations will join CPI's Texas platform company, Lone Star Paving, enhancing its capabilities in road construction and material supply.

The Role of Elder Bray & Bankler

Elder Bray & Bankler played a crucial role in this transaction, providing comprehensive legal counsel to J.H. Strain throughout the process. The firm’s involvement included deal structuring, negotiating the terms of the purchase and related agreements, as well as coordinating all aspects of the closing. This collaborative effort was led by Scott Bankler and Jake McCloy, supported by their team members Jake Pylman, Austin Baker Wiese, and Chip Sugg.

The law firm's expertise in corporate transactions, mergers, and acquisitions was instrumental in ensuring a smooth process, highlighting their reputation for a practical, business-minded approach to legal challenges. Elder Bray & Bankler's decades of experience in the field have positioned them as a reliable partner for businesses undergoing significant transitions such as this one.

A Bright Future for J.H. Strain & Sons

As J.H. Strain & Sons embarks on this new phase of its journey, the sale not only reinforces its legacy but also opens up opportunities for further growth. For Construction Partners, the acquisition is a strategic investment that enriches their infrastructure capabilities in Texas, further solidifying their presence in the civil construction market.

Overall, this transaction reflects the dynamic changes occurring in the construction industry as companies adapt to market demands and seek partnerships that enhance their operational strengths. With Elder Bray & Bankler’s support, J.H. Strain & Sons is poised for a future filled with potential and new opportunities in the evolving landscape of construction.

In conclusion, the collaboration between Elder Bray & Bankler and J.H. Strain & Sons showcases the effective union of legal expertise and strategic business planning, ensuring that both parties were set up for success in this significant transaction.