---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-008462"
form_type: "8-K/A"
ticker: "ROAD"
cik: "0001718227"
company_name: "Construction Partners, Inc."
filed_at: "2025-01-17T23:59:59+00:00"
generated_at: "2026-05-27T23:18:33.500360+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-25-008462
- form_type: 8-K/A
- ticker: ROAD
- cik: 0001718227
- company_name: Construction Partners, Inc.
- filed_at: 2025-01-17T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1718227/000119312525008462/0001193125-25-008462-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1718227/000119312525008462/d790445d8ka.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-008462
- JSON: https://secwatch.observer/filing/0001193125-25-008462.json
- Plain text: https://secwatch.observer/filing/0001193125-25-008462.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.