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New Deal


Announced

Completed

Construction Partners completed the acquisition of asphalt, grading and sitework operational assets of GAC Contractors.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Domestic

Friendly

sitework contractor

Completed

United States

Acquisition

asphalt

Private

grading services

Majority

Building Materials: Other

Single Bidder

Synopsis

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Construction Partners, a vertically integrated civil infrastructure company, completed the acquisition of asphalt, grading and sitework operational assets of GAC Contractors, a construction company. Financial terms were not disclosed. "Today's transaction represents our third acquisition in the Florida panhandle in the past two years, reflecting our commitment to this dynamic and growing area of the Southeast. The addition of GAC's assets and crews meaningfully enhances our operational resources and capabilities in an existing growth market. At a time when attracting and retaining talent is paramount, we are pleased to welcome more than 200 former GAC employees to our team," Fred J. Smith, Construction Partners President and CEO.

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