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Construction Partners Acquires Cline Construction to Expand Florida Footprint

BullishMedium impact
ROAD$83.17 0.56%

Construction Partners, Inc. (NASDAQ:ROAD) has completed the acquisition of S.E. Cline Construction, Inc., a commercial site development and underground utility contractor based in Palm Coast, Florida. The deal brings approximately 60 workers and a rail-served hot-mix asphalt plant in Bunnell, Florida, into Construction Partners' regional subsidiary, C.W. Roberts Contracting, Incorporated.

The transaction broadens the company's civil infrastructure business along the rapidly growing Interstate 95 corridor in northeast and central Florida. By integrating Cline Construction's utility and site preparation work with existing asphalt operations in the nearby Daytona Beach area, Construction Partners enhances its capacity to serve both public roadway projects and private developments throughout the region.

Investors will be monitoring how effectively Construction Partners integrates the newly added workforce and facilities into its broader Florida platform. In addition, market observers will watch whether the newly acquired Bunnell asphalt plant generates vertical integration benefits and supports future revenue growth across the company's Sunbelt markets.

Key points

  • Construction Partners, Inc. (NASDAQ:ROAD) acquired Florida-based S.E. Cline Construction, Inc.
  • The deal includes about 60 employees and a rail-served hot-mix asphalt plant site in Bunnell, Florida.
  • Acquired assets will operate under Construction Partners' Florida subsidiary, C.W. Roberts Contracting, Incorporated.
  • The purchase expands the company's footprint along the Interstate 95 corridor in central and northeast Florida.

Written by our AI from expert market sources across the web. It can contain mistakes: check the facts before acting on them. Write-ups powered by the free AI API at FreeTheAI.org

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Questions and answers

What company did Construction Partners acquire in Florida?

Construction Partners acquired S.E. Cline Construction, Inc., a Palm Coast, Florida company focused on commercial site development and underground utility construction.

Which subsidiary will handle the acquired Florida operations?

The acquired business and its 60 employees will become part of Construction Partners' Florida platform company, C.W. Roberts Contracting, Incorporated.

Where is the acquired asphalt plant located?

The deal includes a rail-served, permitted hot-mix asphalt plant site located in Bunnell, Florida.