M&A Deal Summary

CPI Acquires Mobile Asphalt

On February 3, 2025, CPI acquired construction company Mobile Asphalt

Acquisition Highlights
  • This is CPI’s 17th transaction in the Construction sector.
  • This is CPI’s 18th transaction in the United States.
  • This is CPI’s 2nd transaction in Alabama.

M&A Deal Summary

Date 2025-02-03
Target Mobile Asphalt
Sector Construction
Buyer(s) CPI
Deal Type Add-on Acquisition

Target

Mobile Asphalt

Theodore, Alabama, United States
Mobile Asphalt is an asphalt manufacturing and paving company that provides both cold and hot asphalt mixes and has completed numerous projects for state highways, roads, and commercial sites. Mobile Asphalt is based in Theodore, Alabama.

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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 18 of 23
Sector: Construction M&A 17 of 20
Type: Add-on Acquisition M&A Deals 16 of 20
State: Alabama M&A 2 of 2
Country: United States M&A 18 of 23
Year: 2025 M&A 2 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-01-03 Overland

Ardmore, Oklahoma, United States

Overland is an asphalt manufacturing and paving company that provides paving services throughout southern and western Oklahoma and northern Texas on a variety of public, commercial, and residential projects. Overland is based in Ardmore, Oklahoma.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-05-01 Pavement Restorations

Knoxville, Tennessee, United States

Pavement Restorations is an asphalt manufacturing and construction business. Pavement Restorations was formed in 2008 and is headquartered in Knoxville, Tennessee.

Buy -