CPI - M&A Summary and Business Overview

ConstructionCompany

CPI M&A Summary

CPI has acquired 16 companies, including 16 in the last 5 years.

CPI’s largest acquisition to date was in 2024, when it acquired Asphalt for $654M. CPI has acquired in 7 different US states. The Company’s most targeted sectors include construction (94%) and business services (7%).

CPI Business Overview

Where is CPI headquartered?

CPI is headquartered in Dothan, Alabama.

What is CPI’s revenue?

CPI disclosed revenue of 1,564M USD for 2023 and 1,302M USD for 2022.

How many employees does CPI have?

CPI has 1,146 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 Activity16
    • M&A Buy Activity16
  • 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 ≤ '19 '20 '21 '22 '23 '24 T
Buy (3.2/yr) # - 3 3 3 3 4 16
vol $654M $654M
Sell (0.0/yr) # - - - - - - 0
  16

Most Recent M&A

Company Date Value Type
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
GAC Contractors - Operational Assets 2022-03-18 - Divestiture
Panama City, Florida
Southern Asphalt, Inc. 2022-03-07 - Add-on Acquisition
Burgaw, North Carolina · www.southernasphalt.biz
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Construction 15 (94%) 654M (100%) - -
Business Services 1 (6%) - - -
Total 16 $654M - -

By Geo

State/Country Buy Value Sell Value
United States 16 654M - -
  North Carolina 8 - - -
  Tennessee 2 - - -
  South Carolina 2 - - -
  Texas 1 654M - -
  Georgia 1 - - -
  Florida 1 - - -
  Alabama 1 - - -
Total 16 $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)
13%
2 (13%)

Company Summary

SECTOR

Construction

Revenue

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

1,146

Established

1999

Public

NASDAQ: ROAD

Former Name

SunTx CPI Growth Co., Inc.

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