Company Expands into Mobile, Alabama
DOTHAN,
Ala., Sept. 10, 2024 /PRNewswire/ --
Construction Partners, Inc. (NASDAQ: ROAD) (the "Company"), a
vertically integrated civil infrastructure company specializing in
the construction and maintenance of roadways across six
southeastern states, today announced that it has acquired John G.
Walton Construction Company, Inc., headquartered in Mobile, Alabama. In connection with the
transaction, the Company added a hot-mix asphalt plant and related
crews and equipment serving the greater Mobile and southwestern Alabama market area.
Fred J. (Jule) Smith, III, the
Company's President and Chief Executive Officer, said, "We are
pleased to announce today's acquisition of John G. Walton
Construction Company. With a strategic hot-mix asphalt plant site
accessible by both water and rail, this transaction provides us
with an exceptional location from which to begin serving the
dynamic and rapidly growing Mobile
metro area. We now have plants in the four largest markets in
Alabama and continue to seek
attractive investment opportunities to further enhance our
operations in the state."
About Construction Partners, Inc.
Construction Partners, Inc. is a vertically integrated civil
infrastructure company operating across six southeastern states.
Supported by its hot-mix asphalt plants, aggregate facilities and
liquid asphalt terminals, the Company focuses on the construction,
repair and maintenance of surface infrastructure. Publicly funded
projects make up the majority of its business and include local and
state roadways, interstate highways, airport runways and bridges.
The company also performs private sector projects that include
paving and sitework for office and industrial parks, shopping
centers, local businesses and residential developments. To learn
more, visit www.constructionpartners.net.
Cautionary Note Regarding Forward-Looking Statements
Certain statements contained herein that are not statements of
historical or current fact constitute "forward-looking statements"
within the meaning of Section 27A
of the Securities Act of 1933 and 21E of the Securities Exchange
Act of 1934. These statements may be identified by the use of words
such as "seek" "continue," "estimate," "predict," "potential,"
"targeting," "could," "might," "may," "will," "expect," "should,"
"anticipate," "intend," "project," "outlook," "believe," "plan" and
similar expressions or their negative. The forward-looking
statements contained in this press release include, without
limitation, statements relating to the benefits of a business
acquisition and the expected results of the acquired business.
These and other forward-looking statements are based on
management's current views and assumptions and involve risks and
uncertainties that could significantly affect expected results.
Important factors that could cause actual results to differ
materially from those expressed in the forward-looking statements
are set forth in the Company's most recent Annual Report on Form
10-K, its subsequent Quarterly Reports on Form 10-Q, its Current
Reports on Form 8-K and other reports the Company files with the
SEC. Forward-looking statements speak only as of the date they are
made. The Company assumes no obligation to update forward-looking
statements to reflect actual results, subsequent events, or
circumstances or other changes affecting such statements except to
the extent required by applicable law.
Contact:
Rick Black
Dennard Lascar Investor
Relations
ROAD@DennardLascar.com
(713) 529-6600
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SOURCE Construction Partners, Inc.