Construction Partners Expands Into Texas With New Acquisition
ROAD is trading near its 52-week low of $88.47 (0.9% above the low).
Summary
Construction Partners completed an acquisition in Texas, marking its entry into that market. On October 5, 2026, the company acquired the asphalt manufacturing and construction assets of J.H. Strain & Sons, headquartered in Tye, Texas, adding two hot-mix asphalt plants in the growing Abilene market and over 125 employees to Lone Star Paving, its Texas platform company. The acquired operations, which include related crews and equipment, serve the greater Abilene, Texas area and West Texas. The company has been actively expanding through acquisitions, with recent deals in Oklahoma and Florida. This Texas deal adds to its footprint in the Sun Belt, a region with strong infrastructure demand. The acquisition follows a pattern of bolt-on deals that have driven revenue growth and backlog expansion. No financial terms were disclosed, but the move aligns with the company's strategy of geographic expansion.
Updated with an SEC 8-K filing · What changed
Updates
· SEC 8-K — On October 5, 2026, Construction Partners acquired J.H. Strain & Sons' asphalt assets, adding two hot-mix plants in Abilene, Texas, and over 125 employees to Lone Star Paving.
- Acquired Operations — J.H. Strain & Sons, Inc. is headquartered in Tye, Texas. The acquired operations will become part of CPI’s Texas platform company, Lone Star Paving, adding related crews and equipment.
- Employees — The acquisition welcomes more than 125 new employees to Lone Star.
All 5 details
- J.H. Strain & Sons, Inc. is headquartered in Tye, Texas.
- The acquired operations will become part of CPI’s Texas platform company, Lone Star Paving.
- The transaction adds related crews and equipment.
- The acquired operations serve the greater Abilene, Texas area and West Texas.
- The acquisition welcomes more than 125 new employees to Lone Star.
At the time of this announcement, ROAD was trading at $89.29 on NASDAQ in the Real Estate & Construction sector, with a market capitalization of approximately $5.2B. The 52-week trading range was $88.47 to $151.00. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.