Construction Partners acquires Houston-area asphalt contractor

Construction Partners Inc. (NASDAQ: ROAD) has acquired GMJ Paving Company LLC, an asphalt paving contractor operating in the Houston, Texas metro area, according to a company announcement.

The acquisition adds a hot-mix asphalt plant located in Baytown, east of Houston, marking Construction Partners' twelfth plant in the Houston metro area. The facility will provide additional throughput capacity for the company's nearby liquid asphalt terminal.

GMJ Paving specializes in asphalt paving for public infrastructure projects throughout the Houston region. The acquired company will operate as part of Durwood Greene Construction Co., which Construction Partners purchased in August.

"We entered Houston last August with our acquisition of Durwood Greene Construction Co. and grew our operations significantly in October with our acquisition of the Houston-area construction assets of Vulcan Materials Company," said Fred J. Smith III, Construction Partners' president and chief executive officer.

Construction Partners operates as a civil infrastructure company in the Sunbelt region, including Alabama, Florida, Georgia, North Carolina, Oklahoma, South Carolina, Tennessee and Texas. The company focuses on construction, repair and maintenance of surface infrastructure, with publicly funded projects comprising the majority of its business.

The company's operations include local and state roadways, interstate highways, airport runways and bridges, along with private sector projects for office and industrial parks, shopping centers and residential developments.

Financial terms of the GMJ Paving acquisition were not disclosed in the announcement.

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