Construction Partners, Inc. Acquires Platform Company in Oklahoma

Company Overview - Construction Partners, Inc. (CPI) is a vertically integrated civil infrastructure company operating in local markets across the Sunbelt, including states like Alabama, Florida, Georgia, North Carolina, Oklahoma, South Carolina, Tennessee, and Texas [3] - CPI specializes in the construction, repair, and maintenance of surface infrastructure, focusing primarily on publicly funded projects such as local and state roadways, interstate highways, airport runways, and bridges [3] Acquisition Details - CPI has acquired Overland Corporation, an asphalt manufacturing and paving company based in Ardmore, Oklahoma, which operates eight hot-mix asphalt plants [1] - Overland provides paving services throughout southern and western Oklahoma and northern Texas, catering to various public, commercial, and residential projects [1] Strategic Implications - The acquisition marks CPI's entry into its eighth state and is expected to enhance its position in the strong asphalt markets of Oklahoma and northern Texas, particularly as the Dallas metro area expands [2] - CPI aims to reduce its leverage ratio to approximately 2.5x over the next four to six quarters to support sustained, profitable growth [2]