Construction Partners completes Lone Star Paving acquisition for $967M; pro forma revenue $2.34B

Construction Partners, Inc.

Total consideration $967M: $654M cash + 3M shares ($236M) + working capital payable $76.7M.
Acquisition funded via $850M Term Loan B; pro forma long-term debt rises to $1.13B.
Preliminary goodwill $395.5M; identifiable intangibles $84.4M including customer relationships and trade name.
Pro forma FY2024 revenue $2.34B, net income $84.8M; EPS $1.54 basic, $1.53 diluted.
Lone Star FY2024 historical revenue $521M, net income $92.7M; acquired Nov 1, 2024.

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