m_and_a
confidence high
sentiment positive
materiality 0.70
Construction Partners acquires Durwood Greene, adding 3 asphalt plants in Houston metro area
Construction Partners, Inc.
- Acquired Durwood Greene Construction Co. and G&S Asphalt (American Materials) for undisclosed terms.
- Adds three hot-mix asphalt plants and a rail-serviced aggregates terminal in the Houston metro area.
- Nearly 200 employees join; operations led by continuing management Brad, Jonathan, and Daniel Greene.
- Expects vertical integration benefits with Lone Star Paving's liquid asphalt terminal in nearby Channelview.
- CEO cites strong economic growth and well-funded transportation program in Texas as bullish factors.
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