M&A Deal Summary

CPI Acquires Vulcan Materials Hot-mix asphalt plants

On October 6, 2025, CPI acquired building materials company Vulcan Materials Hot-mix asphalt plants from Vulcan Materials

Acquisition Highlights
  • This is CPI’s 2nd transaction in the Building Materials sector.
  • This is CPI’s 22nd transaction in the United States.
  • This is CPI’s 4th transaction in Texas.

M&A Deal Summary

Date 2025-10-06
Target Vulcan Materials Hot-mix asphalt plants
Sector Building Materials
Buyer(s) CPI
Sellers(s) Vulcan Materials
Deal Type Divestiture

Target

Vulcan Materials Hot-mix asphalt plants

Houston, Texas, United States
Vulcan Materials' Hot-mix asphalt plants consist of eight hot-mix asphalt plants and related crews and equipment operating throughout the Houston Vulcan Materials' Hot-mix asphalt plants are based in Houston, Texas.

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Buyer(S) 1

Buyer

CPI

Dothan, Alabama, United States

Category Company
Founded 1999
Sector Construction
Employees1,325
Revenue 1.8B USD (2024)
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 22 of 23
Sector: Building Materials M&A 2 of 2
Type: Divestiture M&A Deals 3 of 3
State: Texas M&A 4 of 4
Country: United States M&A 22 of 23
Year: 2025 M&A 6 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-08-04 Durwood Greene Construction

Stafford, Texas, United States

Durwood Greene Construction offers highway and street construction. Durwood Greene Construction was founded in 1968 and is based in Stafford, Texas

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-10-20 P&S

Daytona Beach, Florida, United States

P&S provides paving, sitework, and utility services throughout northeast and central Florida. P&S is based in Daytona Beach, Florida.

Buy -

Seller(S) 1

SELLER

Vulcan Materials

Birmingham, Alabama, United States

Category Company
Founded 1909
Sector Building Materials
Employees11,971
Revenue 7.4B USD (2024)
DESCRIPTION
Entrance to Vulcan Materials' corporate headquarters in Birmingham, Alabama.
Entrance to Vulcan Materials' corporate headquarters in Birmingham, Alabama.

Vulcan Materials is a producer of construction aggregates (primarily crushed stone, sand and gravel) and a major producer of asphalt mix and ready-mixed concrete. Vulcan Materials was founded in 1909 and is based in Birmingham, Alabama.


DEAL STATS #
Overall 3 of 4
Sector: Building Materials M&A 2 of 3
Type: Divestiture M&A Deals 3 of 4
State: Texas M&A 1 of 1
Country: United States M&A 3 of 4
Year: 2025 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-12-11 Superior Ready Mix

Escondido, California, United States

Superior Ready Mix provides a range of concrete and construction materials, including sand, crushed rock, road base, and asphalt. Superior Ready Mix was founded in 1958 and is based in Escondido, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-10-28 Vulcan Materials Ready-Mixed Concrete Business

California, United States

Vulcan Materials' Ready-Mixed Concrete Business manufactures and sells cement, ready-mixed concrete.

Sell -