ROAD - Construction Partners acquires North Carolina contractor Southern Asphalt
Construction Partners (NASDAQ:ROAD) acquired Southern Asphalt, an asphalt paving contractor based in Burgaw, North Carolina, that primarily serves the Wilmington, North Carolina metro area. Terms were not disclosed. "With today's transaction, we have entered a new and dynamic market and added an experienced team of paving professionals. For years, Southern Asphalt has been a leader in the commercial paving market in southeastern North Carolina and particularly in the Wilmington metro area," said ROAD CEO Fred J. Smith, III.
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Construction Partners acquires North Carolina contractor Southern Asphalt