Announced
Completed
Financials
Tags
Completed
Private
Acquisition
Majority
Single Bidder
Construction Services
asphalt and paving contractor
Domestic
Friendly
United States
Private Equity
Synopsis
Construction Partners, a vertically integrated civil infrastructure company specializing in the construction and maintenance of roadways across five southeastern states, completed the acquisition of Rose Brothers Paving, an asphalt and paving contractor based in Ahoskie, North Carolina. Financial terms were not disclosed. "We are bullish on the North Carolina market and believe that long-term demographic trends and recent transportation funding initiatives are creating tailwinds for infrastructure and economic development in the state. As a result of the Rose Brothers transaction and our previously announced acquisition of Riley Paving, Inc. in October, we now have 15 hot-mix asphalt plants strategically located throughout North Carolina and 45 hot-mix asphalt plants company-wide," Fred J. Smith, III, Construction Partners COO.
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