M&A Deal Summary

CPI Acquires Good Hope Contracting

On August 2, 2021, CPI acquired construction company Good Hope Contracting

Acquisition Highlights
  • This is CPI’s 4th transaction in the Construction sector.
  • This is CPI’s 5th transaction in the United States.
  • This is CPI’s 1st transaction in Alabama.

M&A Deal Summary
Date 2021-08-02
Target Good Hope Contracting
Sector Construction
Buyer(s) CPI
Deal Type Add-on Acquisition

Target

Good Hope Contracting

Cullman, Alabama, United States
website
Good Hope Contracting specializes in the construction and maintenance of roadways. Good Hope Contracting was founded in 1974 and is based in Cullman, Alabama.

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Buyer(S) 1

Buyer

CPI

Dothan, Alabama, United States

website

Category Company
Founded 1999
Sector Construction
Employees1,035
Revenue 1.3B USD (2022)
DESCRIPTION

CPI is a vertically integrated civil infrastructure company operating across five southeastern states, with 35 hot-mix asphalt plants, nine aggregate facilities, and one liquid asphalt terminal. CPI was founded in 1999 and is based in Dothan, Alabama.

DEAL STATS #
Overall 5 of 13
Sector (Construction) 4 of 12
Type (Add-on Acquisition) 5 of 11
State (Alabama) 1 of 1
Country (United States) 5 of 13
Year (2021) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-22 PLT Construction

Wilson, North Carolina, United States

PLT Construction is a full-service site development construction company with both commercial and heavy highway divisions. PLT Construction is based in Wilson, North Carolina.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-10 C. K. Earnhardt & Son

Albemarle, North Carolina, United States

C. K. Earnhardt & Son provides construction and maintenance of roadways, based in Albemarle, North Carolina.

Buy -
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