M&A Deal Summary

CPI Acquires SJ&L General Contractor

On January 3, 2024, CPI acquired construction company SJ&L General Contractor

Acquisition Highlights
  • This is CPI’s 12th transaction in the Construction sector.
  • This is CPI’s 13th transaction in the United States.
  • This is CPI’s 2nd transaction in Tennessee.

M&A Deal Summary
Date 2024-01-03
Target SJ&L General Contractor
Sector Construction
Buyer(s) CPI
Deal Type Add-on Acquisition

Target

SJ&L General Contractor

Fayetteville, Tennessee, United States
SJ&L General Contractor is a hot-mix asphalt and site work company that offers surface treatment services. SJ&L General Contractor is based in Fayetteville, Tennessee.

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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 13 of 16
Sector (Construction) 12 of 15
Type (Add-on Acquisition) 11 of 14
State (Tennessee) 2 of 2
Country (United States) 13 of 16
Year (2024) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-11-01 Reeves Construction - Three hot-mix asphalts plants

Concord, North Carolina, United States

Reeves Construction's Three hot-mix asphalts plants specializing in the construction and maintenance of roadways. Reeves Construction's Three hot-mix asphalts plants are based in Concord, North Carolina.

Buy -
FOLLOWING 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 -
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