Construction Partners Expands Florida Panhandle Footprint with Roads, Inc. Acquisition
ROAD is trading near its 52-week low of $93.42 (1.1% above the low).
Summary
Construction Partners acquired Roads, Inc. of NWF, an asphalt manufacturing and construction business based in Cantonment, Florida. The deal adds a hot-mix asphalt plant north of Pensacola, related crews and equipment, and more than 150 employees to CPI's Florida platform, C.W. Roberts Contracting. This expands CPI's operations in the Florida Panhandle and strengthens its ability to serve public and private infrastructure customers in the region. The acquisition follows CPI's recent purchases of Ellsworth Construction in Oklahoma and Asphalt Express Enterprises, continuing its bolt-on growth strategy. The company's Q3 FY2026 revenue rose 28% year-over-year to $999.4 million, and this deal adds further scale in a growing market.
At the time of this announcement, ROAD was trading at $94.46 on NASDAQ in the Real Estate & Construction sector, with a market capitalization of approximately $5.4B. The 52-week trading range was $93.42 to $151.00. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: PR Newswire.