tiprankstipranks
Construction Partners Expands with Lone Star Paving Acquisition
Company Announcements

Construction Partners Expands with Lone Star Paving Acquisition

Pick the best stocks and maximize your portfolio:

Construction Partners ( (ROAD) ) has provided an update.

Construction Partners, Inc. has entered into a significant acquisition agreement with Lone Star Paving, involving a cash payment of $654.2 million and the issuance of 3 million shares of Class A common stock. This acquisition is expected to strengthen Construction Partners’ position in the Texas market and accelerate its growth trajectory. The deal also includes comprehensive financial arrangements, with debt financing facilitated by BofA Securities and PNC Capital Markets. The acquisition is anticipated to be immediately accretive to earnings, aligning with the company’s strategic growth plans.

For a thorough assessment of ROAD stock, go to TipRanks’ Stock Analysis page.

Related Articles
TipRanks Auto-Generated NewsdeskSunTx Distributes Shares, Retains Control of Construction Partners
TheFlyConstruction Partners price target raised to $100 from $92 at Baird
TipRanks Auto-Generated NewsdeskConstruction Partners Reports Strong Fiscal 2024 Results
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App