M&A Deal Summary

CPI Acquires Overland

On January 3, 2025, CPI acquired construction company Overland

Acquisition Highlights
  • This is CPI’s 16th transaction in the Construction sector.
  • This is CPI’s 17th transaction in the United States.
  • This is CPI’s 1st transaction in Oklahoma.

M&A Deal Summary

Date 2025-01-03
Target Overland
Sector Construction
Buyer(s) CPI
Deal Type Add-on Acquisition

Target

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.

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Buyer(S) 1

Buyer

CPI

Dothan, Alabama, United States

Category Company
Founded 1999
Sector Construction
Employees1,146
Revenue 1.6B USD (2023)
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 17 of 18
Sector (Construction) 16 of 17
Type (Add-on Acquisition) 15 of 16
State (Oklahoma) 1 of 1
Country (United States) 17 of 18
Year (2025) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-10-21 Lone Star Paving

Austin, Texas, United States

Lone Star Paving is a vertically integrated asphalt manufacturing and paving company operating in attractive high-growth markets in central Texas, with 10 hot-mix asphalt plants, four aggregate facilities, and one liquid asphalt terminal supporting its operations. Lone Star Paving is based in Austin, Texas.

Buy $654M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-02-03 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.

Buy -