M&A Deal Summary

CPI Acquires Robinson Paving

On August 1, 2024, CPI acquired construction company Robinson Paving

Acquisition Highlights
  • This is CPI’s 14th transaction in the Construction sector.
  • This is CPI’s 15th transaction in the United States.
  • This is CPI’s 1st transaction in Georgia.

M&A Deal Summary
Date 2024-08-01
Target Robinson Paving
Sector Construction
Buyer(s) CPI
Deal Type Add-on Acquisition

Target

Robinson Paving

Columbus, Georgia, United States
Robinson Paving specializes in asphalt paving, grading, drainage, concrete work, and the sale of asphalt millings. Robinson Paving was founded in 1971 and is based in Columbus, Georgia.

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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 15 of 16
Sector (Construction) 14 of 15
Type (Add-on Acquisition) 13 of 14
State (Georgia) 1 of 1
Country (United States) 15 of 16
Year (2024) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-06-03 Hudson Paving

Rockingham, North Carolina, United States

Hudson Paving provides complete asphalt paving services specializing in industrial and commercial asphalt services like sealcoating, crack repair, patching, grading, and so much more. Hudson Paving was formed in 1961 and is headquartered in Rockingham, North Carolina.

Buy -
FOLLOWING 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
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