ROAD - Construction Partners Acquires 2 Asphalt Firms For Florida Expansion

Quick Take

Construction Partners (ROAD) announced it has acquired two Florida-based businesses for $19 million.

The businesses operate a liquid asphalt terminal and provide asphalt and ready-mixed concrete products and services.

With the two deals, ROAD is expanding its operations in Florida as the state is one of the fastest-growing states for infrastructure needs from a combination of population growth, deteriorating infrastructure, and growing public and private spending.

Target Companies

Construction Partners acquired a liquid asphalt terminal located in Panama City, Fla. The terminal receives, stores, and processes liquid asphalt that is then