Add-on Acquisition • Construction

CPI Acquires Rose Brothers Paving Co.

On November 2, 2020, CPI acquired construction company Rose Brothers Paving Co.

Acquisition Context

This is CPI’s 1st transaction in the Construction sector.
This is CPI’s 2nd transaction in the United States.
This is CPI’s 1st transaction in North Carolina.

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M&A Deal Summary
Date	November 2, 2020
Target	Rose Brothers Paving Co.
Sector	Construction
Buyer(s)	CPI
Deal Type	Add-on Acquisition

Target Company

Rose Brothers Paving Co.

Aulander, North Carolina, United States

Rose Brothers Paving Co., Inc. is a grading and asphalt surface treatment contractors. Rose Brothers Paving owns and operates six asphalt plant locations serving Eastern North Carolina and Southeastern Virginia. Rose Brothers Paving Co. was founded in 1961 and is based in Aulander, North Carolina.

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Buyer Overview 1

Buyer

CPI

Dothan, Alabama, United States

Category	Company
Founded	1999
Sector	Construction
Employees	1,325
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 Context for Buyer	#
Overall	2 of 23
Sector: Construction	1 of 20
Type: Add-on Acquisition	2 of 20
State: North Carolina	1 of 8
Country: United States	2 of 23
Year: 2020	2 of 3

PREVIOUS DEAL

DATE	TARGET	DEAL TYPE	VALUE
2020-10-08	Riley Paving Collierville, Tennessee, United States Formed in 1954, Riley Paving is an asphalt and paving contractor based in Carthage, North Carolina	Buy	-

DATE

TARGET

DEAL TYPE

VALUE

2020-10-08

Riley Paving

Collierville, Tennessee, United States

Formed in 1954, Riley Paving is an asphalt and paving contractor based in Carthage, North Carolina

Buy

FOLLOWING DEAL

DATE	TARGET	DEAL TYPE	VALUE
2020-12-04	Gelder & Associates Raleigh, North Carolina, United States Gelder & Associates, Inc. is an asphalt and paving contractor with a hot-mix asphalt plant located in Raleigh, North Carolina.	Buy	-

DATE

TARGET

DEAL TYPE

VALUE

2020-12-04

Gelder & Associates

Raleigh, North Carolina, United States

Gelder & Associates, Inc. is an asphalt and paving contractor with a hot-mix asphalt plant located in Raleigh, North Carolina.

Buy

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