Construction Partners completed the acquisition of hot-mix asphalt plants of Vulcan Materials.

Construction Partners, a company which provides construction materials and services for the building and maintenance of infrastructure such as roads, highways, bridges and airports, completed the acquisition of eight hot-mix asphalt plants of Vulcan Materials, a manufacturer in the construction materials industry, primarily engaged in the production and distribution of construction aggregates such as crushed stone, sand and gravel. Financial terms were not disclosed. "Today's acquisition significantly expands our operations in the fast-growing Houston area while reinforcing CPI's strategy of building better markets and strategically growing our geographic footprint in Texas. With today's transaction, we gain not only asphalt production assets but talented builders who share our commitment to safety, quality, and customer satisfaction," Fred Jule Smith, Construction Partners CEO.