Highest-materiality recent filing
Construction Partners director McKay dies; Audit Committee falls below Nasdaq minimum
Michael H. McKay, independent director and Audit Committee member, died July 22, 2026, at age 64.
Construction Partners Q3 revenue up 28% to $999M, record backlog $3.36B
Revenue $999.4M, +28.2% YoY; gross profit $168.4M vs $131.8M.
Construction Partners acquires Ellsworth Construction, expands into Tulsa and Oklahoma City markets
Acquired Ellsworth Construction, an asphalt manufacturing and construction firm based in Tulsa, OK.
Construction Partners refinances Term Loan B, adds $300M incremental debt
Amended Term Loan B Credit Agreement increases total term loans from $839.4M to $1,139.4M.
Construction Partners ups revolver to $700M, adjusts leverage covenants
Revolving credit facility increased from $500M to $700M.
Construction Partners Q2 FY2026: Revenue up 34.5%, EPS $0.16, backlog record $3.14B, raises outlook
Revenue $769.2M (+34.5% YoY); net income $9.2M ($0.16 diluted EPS); adjusted net income $10.4M ($0.18 adjusted EPS).
Construction Partners completes acquisition of Four Star Paving in Nashville area
Acquired Four Star Paving, LLC, a commercial paving contractor in Nashville, TN metro area.
Dual listing on Nasdaq Texas LLC announced; trading begins March 30, 2026.
Construction Partners authorizes $50M stock repurchase program through 2028
Board authorizes up to $50M to buy back Class A common stock through Sept 30, 2028.
Construction Partners Q1 revenue up 44% to $809.5M, adjusted EBITDA up 63%, raises FY26 outlook
Net income $17.2M ($0.31 diluted EPS) vs net loss of $3.1M (-$0.06) in Q1 FY25; adjusted net income $26.4M ($0.47 adj. diluted EPS).
Construction Partners completes acquisition of GMJ Paving, adding Houston-area asphalt plant
Acquired GMJ Paving Company, an asphalt paving contractor for public infrastructure projects in Houston metro.
Construction Partners FY2025 revenue up 54% to $2.812B, adj. EBITDA +92%
Revenue $2.812B (+54% YoY), net income $101.8M (+48%), adjusted EBITDA $423.7M (+92%).
Construction Partners amends LTIP-B award agreements to allow cash settlement of vested PSUs
Compensation Committee granted sole discretion to settle vested LTIP-B PSUs in cash-equivalent value instead of shares.
Preliminary FY2025 revenue $2.800-2.820B, up ~53% from $1.824B in FY2024.
Construction Partners acquires P&S Paving, expands into Daytona Beach and Florida's east coast
Acquired P&S Paving, Inc. (Daytona Beach, FL) — adds two hot-mix asphalt plants and paving/sitework/utility services.
Construction Partners buys 8 hot-mix asphalt plants in Houston from Vulcan Materials
Acquired eight hot-mix asphalt plants and related crews and equipment in Houston metro area from affiliates of Vulcan Materials Company.
Construction Partners Q3 revenue $779.3M (+51% YoY); net income $44.0M ($0.79 EPS)
Revenue $779.3M (+51% YoY); acquisitions contributed $235.7M, organic $25.8M; record backlog $2.94B.
Construction Partners acquires Durwood Greene, adding 3 asphalt plants in Houston metro area
Acquired Durwood Greene Construction Co. and G&S Asphalt (American Materials) for undisclosed terms.
Construction Partners upsizes revolver to $500M, term loan to $600M, extends maturity to 2030
Revolving credit facility increased from $400M to $500M; term loan A increased from $400M to $600M.
CPI Q2 FY25 revenue up 54% to $571.7M; raises FY25 outlook
Revenue $571.7M (+54% YoY); net income $4.2M ($0.08 EPS).
Construction Partners acquires PRI in Tennessee, adds HMA plant and pavement preservation business
Acquired PRI of East Tennessee and Pavement Restorations, Inc. (PRI), a Knoxville-based asphalt and pavement preservation business.
Construction Partners announces annual meeting results; all proposals pass
Reelected directors Fleming, Owens, and Smith as Class I directors to 2028.
Construction Partners Q1 revenue up 42% to $561.6M; record backlog $2.66B; raises FY25 outlook
Revenue $561.6M (+41.6% YoY); adjusted net income $13.3M ($0.25 diluted EPS) vs GAAP net loss $3.1M.
Construction Partners acquires Mobile Asphalt, adds 5 hot-mix plants in SW Alabama
Acquired Mobile Asphalt Company LLC, headquartered near Mobile, Alabama; no deal value disclosed.
Construction Partners completes Lone Star Paving acquisition for $967M; pro forma revenue $2.34B
Total consideration $967M: $654M cash + 3M shares ($236M) + working capital payable $76.7M.
Acquisition of Overland Corporation, an asphalt paving company headquartered in Ardmore, Oklahoma.
SunTx Capital Partners distributes 500K shares of Construction Partners; retains 51.2% voting power
On Dec 6, 2024, SunTx entities distributed 322,958 Class A and 177,042 Class B shares to partners for no consideration.
Construction Partners reports FY2024 revenue up 17%, net income up 41%, backlog record $1.96B
FY2024 revenue $1.82B (+17% YoY); net income $68.9M (+41% YoY); adj. EBITDA $220.6M (+28% YoY).
Construction Partners closes Lone Star Paving acquisition; raises FY2025 outlook
Acquisition closed Nov 1 for $654.2M cash and 3.0M shares of Class A common stock.
Lone Star Paving FY2023 revenue $410.5M, net income $60.8M in acquisition update
Lone Star Paving audited FY2023 revenue $410.5M, gross profit $85.5M, net income $60.8M.
CPI acquires Lone Star Paving for $654M cash + 3M shares; reports record FY2024 preliminary results
Acquisition of Lone Star (Austin, TX) for $654M cash + 3M Class A shares; HSR cleared; expected close by Dec 31, 2024.
Construction Partners acquires John G. Walton Construction, expands into Mobile, AL
Acquired John G. Walton Construction Company, headquartered in Mobile, Alabama.
CPI Q3 FY2024 revenue $517.8M (+22.7%), backlog $1.86B record; raises FY24 outlook
Revenue $517.8M, up 22.7% YoY; net income $30.9M, up 42.4% YoY.
Construction Partners acquires Robinson Paving Company, enters Columbus, GA market
Acquired Robinson Paving Company, headquartered in Columbus, Georgia.
Construction Partners acquires Hudson Paving, adds asphalt plant in North Carolina Sandhills
Acquired Hudson Paving, Inc. (Rockingham, NC), a hot-mix asphalt plant operator serving Sandhills region.
Increased revolving credit facility from $325M to $400M; added $125M incremental term loan from revolver reallocation.
Construction Partners Q2 revenue up 14% to $371.4M; raises FY24 outlook
Revenue $371.4M (+14% YoY); organic growth 6.6%, acquisitions 7.7%.
CPI acquires Sunbelt Asphalt Surfaces; expands into north Georgia I-85 corridor
Acquired Sunbelt Asphalt Surfaces' operations in Auburn, GA, including one active HMA plant.
Construction Partners authorizes $40M stock repurchase program through Sep 2025
Up to $40M available to repurchase Class A common stock through September 30, 2025.
Annual meeting approves 2024 Restricted Stock Plan, 2018 Plan amendment, director reelections
Stockholders approved 2024 Restricted Stock Plan authorizing up to 2M shares of Class B common stock.
Construction Partners Q1 revenue $396.5M (+16%), net income $9.8M ($0.19 EPS), record backlog $1.62B
Net income $9.8M vs $1.9M YoY; diluted EPS $0.19 vs $0.04.
Construction Partners completes two acquisitions in Alabama and Georgia
Acquired SJ&L General Contractor (Huntsville, AL) and Littlefield Construction (Waycross, GA).
Construction Partners completes stock exchanges shifting voting power to SunTx affiliates
SunTx Partners II exchanged 132,682 Class A shares for Class B; SunTx Dutch LP exchanged 67,318 Class A for Class B.
Construction Partners FY2023 revenue $1.56B (+20%), net income +129%, backlog $1.6B
Q4 revenue $475M (+21%), net income $30.9M (+136%), adjusted EBITDA $69.5M (+76%).
Construction Partners acquires three asphalt plants in NC and SC from Reeves Construction
Acquired three hot-mix asphalt plants and related operations in Concord, NC; Rock Hill and McConnells, SC.
Construction Partners projects FY2023 revenue ~$1.55B, net income doubles; introduces FY2024 outlook
Revenue expected $1.547B-$1.557B vs $1.30B in FY2022, up ~19% YoY.
CPI completes acquisition of Hubbard Paving & Grading in South Carolina
Acquired Hubbard Paving & Grading, headquartered in Walhalla, SC, adding one hot-mix asphalt plant.
CPI reports record Q3 revenue of $421.9M, net income up 78%; acquires SC plant, opens GA greenfield
Revenue $421.9M (+11% YoY); net income $21.7M (+78%); Adjusted EBITDA $56.4M (+50%).
Construction Partners Q2 revenue +33.5% to $324.9M, backlog record $1.52B, raises FY2023 outlook
Revenue $324.9M, up 33.5% YoY; net loss improved to $5.5M from $9.4M.
Construction Partners completes acquisition of Southern Site Contractors' Huntsville operations
Acquired Huntsville, AL operations of Southern Site Contractors, a TN-based excavation, grading and utilities contractor.
the individuals who were formerly officers and/or executive officers of the Company, M. Brett Armstrong, Robert P. Flowers and John L. Harper, each a Senior Vice President, and Todd K. Andrews, the Company’s Chief Accounting Officer and former principal accounting officer, remain employed with the Company in a full-time capacity
N. Nelson Fleming, IV Senior Vice President, Strategy and Business Development
the individuals who were formerly officers and/or executive officers of the Company, M. Brett Armstrong, Robert P. Flowers and John L. Harper, each a Senior Vice President, and Todd K. Andrews, the Company’s Chief Accounting Officer and former principal accounting officer, remain employed with the Company in a full-time capacity
Robert G. Baugnon Senior Vice President, Personnel and Administration
Gregory A. Hoffman, who assumed the role of the Company’s principal accounting officer in addition to his existing role of principal financial officer
the individuals who were formerly officers and/or executive officers of the Company, M. Brett Armstrong, Robert P. Flowers and John L. Harper, each a Senior Vice President, and Todd K. Andrews, the Company’s Chief Accounting Officer and former principal accounting officer, remain employed with the Company in a full-time capacity
the individuals who were formerly officers and/or executive officers of the Company, M. Brett Armstrong, Robert P. Flowers and John L. Harper, each a Senior Vice President, and Todd K. Andrews, the Company’s Chief Accounting Officer and former principal accounting officer, remain employed with the Company in a full-time capacity
J. Ryan Brooks Senior Vice President and General Counsel
The Company’s current Executive Vice President and Chief Financial Officer, R. Alan Palmer, will remain with the Company following the transition in an advisory and mentoring role.
On March 6, 2023, Construction Partners, Inc. (the “Company”) announced that, effective following the close of business on March 31, 2023, the Company’s Senior Vice President of Finance, Gregory A. Hoffman, will transition to the role of Chief Financial Officer of the Company, including the role of principal financial officer.
On November 4, 2021, the Board of Directors (the “Board”) of Construction Partners, Inc. (the “Company”), in accordance with the Company’s Amended and Restated Bylaws and upon the recommendation of the Board’s Nominating and Corporate Governance Committee, increased the size of the Board from seven (7) directors to eight (8) directors and elected Fred J. (Jule) Smith, III, the Company’s President and Chief Executive Officer, to fill the vacancy created by the increase in the size of the Board.
Max materiality 0.95 · Median 0.65 · Most common event m_and_a