M&A
confidence high
sentiment positive
materiality 0.40
Construction Partners completes J.H. Strain asphalt deal, adding two hot-mix plants in Abilene, Texas
Construction Partners, Inc.
- CPI acquired the asphalt manufacturing and construction assets of J.H. Strain & Sons, Inc., headquartered in Tye, Texas; purchase price and terms were not disclosed.
- Transaction adds two hot-mix asphalt plants plus related crews and equipment serving the greater Abilene, Texas area.
- Acquired operations become part of CPI's Texas platform company, Lone Star Paving; more than 125 J.H. Strain employees join Lone Star.
- CEO Fred J. (Jule) Smith III cited Abilene's diversified economy and data center-related development, and welcomed owners Ross and Kent Strain.