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CPI - M&A Summary and Business Overview

ConstructionCompany

CPI M&A Summary

CPI has acquired 18 companies, including 18 in the last 5 years.

CPI’s largest acquisition to date was in 2024, when it acquired Asphalt for $654M. CPI has acquired in 8 different US states. The Company’s most targeted sectors include construction (95%) and business services (6%).

CPI Business Overview

Where is CPI headquartered?

CPI is headquartered in Dothan, Alabama.

What is CPI’s revenue?

CPI disclosed revenue of 1,824M USD for 2024 and 1,564M USD for 2023.

How many employees does CPI have?

CPI has 1,325 employees.

What sector is CPI in?

CPI is a construction company.

When was CPI founded?

CPI was founded in 1999.

M&A Summary

  • M&A Total Activity18
    • M&A Buy Activity18
  • Total Sectors Invested 2
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 2
  • M&A Advisors 1

CPI

Construction Partners, Inc.

290 Healthwest Drive, Suite 2,
Dothan, Alabama 36303
United States,
(334) 673-9763
www.constructionpartners.net

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.


M&A Summary

Buy vs Sell

Year ≤ '20 '21 '22 '23 '24 '25 T
Buy (3.0/yr) # 3 3 3 3 4 2 18
vol $654M $654M
Sell (0.0/yr) # - - - - - - 0
  18
+180010-551520250

Most Recent M&A

Company Date Value Type
Mobile Asphalt Co. LLC 2025-02-03 - Add-on Acquisition
Theodore, Alabama · www.mobileasphalt.com
Overland Corp. 2025-01-03 - Add-on Acquisition
Ardmore, Oklahoma · www.overlandcorporation.com
Asphalt, Inc. 2024-10-21 654M USD Add-on Acquisition
Austin, Texas · www.lonestarpavingtx.com
Robinson Paving Co. 2024-08-01 - Add-on Acquisition
Columbus, Georgia · www.robinsonpavingco.com
Hudson Paving, Inc. 2024-06-03 - Add-on Acquisition
Rockingham, North Carolina · www.hudsonpavingrockinghamnc.com
SJ&L General Contractor LLC 2024-01-03 - Add-on Acquisition
Fayetteville, Tennessee · www.sjandl.com
Reeves Construction - Three hot-mix asphalts plants 2023-11-01 - Divestiture
Concord, North Carolina
Hubbard Paving & Grading, Inc. 2023-10-02 - Add-on Acquisition
Walhalla, South Carolina · www.hubbardpaving.com
Pickens Construction, Inc. 2023-04-03 - Add-on Acquisition
Anderson, South Carolina · www.pickensconstruction.com
Ferebee Corp. 2022-12-02 - Add-on Acquisition
Charlotte, North Carolina · www.ferebee.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Construction 17 (94%) 654M (100%) - -
Business Services 1 (6%) - - -
Total 18 $654M - -

By Geo

State/Country Buy Value Sell Value
United States 18 654M - -
  North Carolina 8 - - -
  Tennessee 2 - - -
  South Carolina 2 - - -
  Alabama 2 - - -
  Texas 1 654M - -
  Oklahoma 1 - - -
  Georgia 1 - - -
  Florida 1 - - -
Total 18 $654M - -

Top M&A Advisors

Legal Deals
Haynes and Boone
 1

Deal Values

buy # Total
$100M to $1B 1 $654M
TOTAL $654M
Largest Asphalt, Inc.
$654M (2024-10-21)

M&A Connections

Deals
Acquired from
Strategic(s)
11%
2 (11%)

Company Summary

SECTOR

Construction

Revenue

1,824   17% 2024
1,564   21% 2023
1,302   43% 2022
911   16% 2021
786   1% 2020
783   16% 2019
680   20% 2018
568   5% 2017
542   2016
(millions of USD) Show More Show Less

Employees

1,325

Established

1999

Public

NASDAQ: ROAD

Former Name

SunTx CPI Growth Co., Inc.

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