Company Expands Operations in Upstate
Area
DOTHAN,
Ala., Oct. 2, 2023 /PRNewswire/ -- Construction
Partners, Inc. (NASDAQ: ROAD) ("CPI" or the "Company"), a
vertically integrated civil infrastructure company specializing in
the construction and maintenance of roadways across six
southeastern states, today announced that it has acquired Hubbard
Paving & Grading, Inc., headquartered in Walhalla, South Carolina. The acquisition adds
one hot-mix asphalt plant and related construction operations to
CPI's South Carolina platform
company, King Asphalt, Inc., and will expand its service market in
the Upstate region.
Fred J. (Jule) Smith, III, the
Company's President and Chief Executive Officer, said, "The Upstate
area of South Carolina continues
to be one of the most dynamic and fastest-growing areas in the
United States. We welcome the skilled team of professionals
from Hubbard and look forward to serving the infrastructure needs
of the greater Greenville metro
area as a combined organization."
About Construction Partners, Inc.
Construction Partners, Inc. is a vertically integrated civil
infrastructure company operating across six southeastern states.
Supported by its hot-mix asphalt plants, aggregate facilities and
liquid asphalt terminal, the company focuses on the construction,
repair and maintenance of surface infrastructure. Publicly funded
projects make up the majority of its business and include local and
state roadways, interstate highways, airport runways and bridges.
The company also performs private sector projects that include
paving and sitework for office and industrial parks, shopping
centers, local businesses and residential developments. To learn
more, visit www.constructionpartners.net.
Cautionary Note Regarding Forward-Looking Statements
Certain statements contained herein that are not statements of
historical or current fact constitute "forward-looking statements"
within the meaning of Section 27A of the Securities Act of 1933 and
21E of the Securities Exchange Act of 1934. These statements may be
identified by the use of words such as "seek" "continue,"
"estimate," "predict," "potential," "targeting," "could," "might,"
"may," "will," "expect," "should," "anticipate," "intend,"
"project," "outlook," "believe," "plan" and similar expressions or
their negative. The forward-looking statements contained in this
press release include, without limitation, statements relating to
the benefits of a business acquisition and the expected results of
the acquired business. These and other forward-looking statements
are based on management's current views and assumptions and involve
risks and uncertainties that could significantly affect expected
results. Important factors that could cause actual results to
differ materially from those expressed in the forward-looking
statements are set forth in the Company's most recent Annual Report
on Form 10-K, its subsequent Quarterly Reports on Form 10-Q, its
Current Reports on Form 8-K and other reports the Company files
with the SEC. Forward-looking statements speak only as of the date
they are made. The Company assumes no obligation to update
forward-looking statements to reflect actual results, subsequent
events, or circumstances or other changes affecting such statements
except to the extent required by applicable law.
Contact:
Rick Black
Dennard Lascar Investor
Relations
ROAD@DennardLascar.com
(713) 529-6600
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content:https://www.prnewswire.com/news-releases/construction-partners-inc-completes-south-carolina-acquisition-301944759.html
SOURCE Construction Partners, Inc.