Skip to main content
NewslettersWatchlist

Construction Partners Inc Cl A(ROAD-Q)
NASDAQ

Today's Change
Real-Time Last Update Last Sale Cboe BZX Real-Time

Construction Partners, Inc. Enters Nashville, TN Metro Area

PR Newswire - Mon Nov 21, 2022

Company Acquires 3 Hot-Mix Asphalt Plants

DOTHAN, Ala., Nov. 21, 2022 /PRNewswire/ -- Construction Partners, Inc. (NASDAQ: ROAD) (the "Company" or "CPI"), a vertically integrated civil infrastructure company specializing in the construction and maintenance of roadways across six southeastern states, today announced that it has acquired three hot-mix asphalt plants in the Nashville, Tennessee metro area from Blue Water Industries. These HMA plants and the related construction operations will be integrated as a bolt-on acquisition to CPI's Alabama-based platform company, Wiregrass Construction Company, which maintains operations within close proximity to the Nashville metro area. In connection with the transaction, CPI also received cash and transferred ownership of its Daurity Springs Quarry in North Carolina to Blue Water Industries, while retaining aggregate sourcing rights from the quarry for its hot-mix asphalt plants in the central North Carolina area.

Read more at prnewswire.com

Provided Content: Content provided by PR Newswire. The Globe and Mail was not involved, and material was not reviewed prior to publication.

More from The Globe

inside the market
Before the Bell: What every Canadian investor needs to know today
An overview shows traders work in front of a chart of Germany's share index DAX that is diplayed (in background) at the stock exchange in Frankfurt am Main, western Germany, on June 5, 2024. (Photo by Daniel ROLAND / AFP) (Photo by DANIEL ROLAND/AFP via Getty Images)
energy and resources
Berkshire buys additional 2.57 million shares in Occidental Petroleum, filing shows
FILE PHOTO: The logo for Occidental Petroleum is displayed on a screen on the floor at the New York Stock Exchange (NYSE) in New York, U.S., April 30, 2019. REUTERS/Brendan McDermid/File Photo
market news
The close: TSX falls as bond yields climb after strong U.S. jobs report
Traders work on the floor of the New York Stock Exchange during afternoon trading on June 3.
inside the market
What every Canadian investor needs to know today
NEW YORK, NEW YORK - JUNE 03: Traders work on the floor of the New York Stock Exchange during afternoon trading on June 03, 2024 in New York City. Stocks closed mixed on the first day of trading in June a day that started with a technical issue that was resolved that brought trading to a stop for some of the major stocks and caused Berkshire Hathaway to be down 99.97%. (Photo by Michael M. Santiago/Getty Images)
energy and resources
How Devon Energy missed out on the U.S. oil and gas mega-deal wave
FILE PHOTO: A pump jack operates at a well site leased by Devon Energy Production Company near Guthrie, Oklahoma September 15, 2015. Picture taken September 15, 2015. REUTERS/Nick Oxford/File Photo
market news
The close: Resource shares lift TSX ahead of jobs reports
A specialist trader works at his post on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., June 3.
inside the market
What every Canadian investor needs to know today
Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., June 3, 2024. REUTERS/Brendan McDermid
market news
The close: S&P 500 and Nasdaq hit fresh record highs, TSX advances after BoC rate cut
The Art Deco facade of the original Toronto Stock Exchange building is seen on Bay Street in Toronto in January of 2019.

All market data (will open in new tab) is provided by Barchart Solutions. Copyright ยฉ 2024.

Information is provided 'as is' and solely for informational purposes, not for trading purposes or advice. For exchange delays and terms of use, please read disclaimer (will open in new tab).