M&A Deal Summary

CPI Acquires Pickens Construction

On April 3, 2023, CPI acquired construction company Pickens Construction

Acquisition Highlights
  • This is CPI’s 9th transaction in the Construction sector.
  • This is CPI’s 10th transaction in the United States.
  • This is CPI’s 1st transaction in South Carolina.

M&A Deal Summary
Date 2023-04-03
Target Pickens Construction
Sector Construction
Buyer(s) CPI
Deal Type Add-on Acquisition

Target

Pickens Construction

Anderson, South Carolina, United States
Pickens Construction is a family owned road construction company provide commercial and residential services in both South Carolina and Georgia, being certified by both of the Contractors' State License Boards. From driveways and walkways, to parking lots and roads. Pickens Construction was founded in 1946 and is based in Anderson, South Carolina.

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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 10 of 16
Sector (Construction) 9 of 15
Type (Add-on Acquisition) 9 of 14
State (South Carolina) 1 of 2
Country (United States) 10 of 16
Year (2023) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-12-02 Ferebee

Charlotte, North Carolina, United States

Ferebee is a full-service hot-mix asphalt and paving company that provides asphalt contracting services for a variety of public, commercial, and residential projects. Ferebee was formed in 1985 and is based in Charlotte, North Carolina.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-02 Hubbard Paving

Walhalla, South Carolina, United States

Hubbard Paving is a contractor focused on serving the asphalt needs of Oconee County homeowners and businesses. Hubbard Paving is based in Walhalla, South Carolina.

Buy -
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