Lone Star Paving FY2023 revenue $410.5M, net income $60.8M in acquisition update

Construction Partners, Inc.

Lone Star Paving audited FY2023 revenue $410.5M, gross profit $85.5M, net income $60.8M.
Total assets $339.1M, equity $200.3M; debt includes $84.4M (current + long-term).
Acquisition to be funded by proposed senior secured Term Loan B; lender presentation furnished.
Financials exclude post-June 2024 restructuring: Burnet Ranch contribution and ACE Aggregates buyout.
Audited FY2021 and FY2022, plus six-month unaudited 2024 statements also provided.

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