Construction Partners Enters Oklahoma with Ellsworth Construction Acquisition, Gaining Tulsa and Oklahoma City Foothold
ROAD is trading near its 52-week low of $93.22 (2.1% above the low).
Summary
Construction Partners acquired Ellsworth Construction, gaining asphalt manufacturing and data center construction capabilities in Oklahoma's Tulsa and Oklahoma City markets.
Key Events · M&A and Partnerships · ROAD
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Acquisition of Ellsworth Construction
CPI acquired Ellsworth Construction, an Oklahoma-based asphalt manufacturing and construction business, expanding into the Tulsa and Oklahoma City markets.
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Strategic Market Expansion
The deal adds a hot-mix asphalt plant in Broken Arrow and a permitted plant site in Greater Oklahoma City, targeting the two fastest-growing metro areas in the state.
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Data Center Construction Niche
Ellsworth is a leader in the growing data center construction market in Tulsa and Oklahoma City, complementing CPI's existing data center project portfolio in north Texas.
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Leadership Continuity
Nathan Ellsworth will continue to lead the business, ensuring continuity of customer relationships and operational expertise.
Analysis · ROAD · Real Estate & Construction
Construction Partners, Inc. (ROAD) has acquired Ellsworth Construction, an Oklahoma-based asphalt and paving company, marking its entry into the rapidly expanding Tulsa and Oklahoma City metropolitan areas. The deal brings a hot-mix asphalt plant and a permitted plant site, strengthening CPI's Sunbelt expansion strategy. Ellsworth's established role in data center construction complements CPI's existing portfolio, notably in north Texas. While financial terms remain undisclosed, the move follows a series of recent capital raises, signaling sustained M&A momentum and a strategic push into new, high-growth markets.
How filings like this one have moved
In the 30 days to Oct 1, 2026, 30.2% of the 1605 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.53%. These are measured outcomes after filings of this importance, not a forecast for this one.
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At the time of this filing, ROAD was trading at $95.21 on NASDAQ in the Real Estate & Construction sector, with a market capitalization of approximately $5.3B. The 52-week trading range was $93.22 to $151.00. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.