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Construction Partners Buys S.E. Cline Construction to Expand Florida Footprint

BullishMedium impact
ROAD$83.17 0.56%

Construction Partners, Inc. (ROAD) has completed the acquisition of S.E. Cline Construction, a site development and underground utility contractor based in Palm Coast, Florida. The deal brings roughly 60 workers into the civil infrastructure firm's regional operations.

The transaction adds a permitted, rail-served hot-mix asphalt plant location in Bunnell, Florida. S.E. Cline Construction will join Construction Partners' existing state platform, C.W. Roberts Contracting. The move enhances the company's footprint along the Interstate 95 corridor, providing opportunities for vertical integration and organic growth across Florida's eastern coast.

Investors will be watching how smoothly the newly acquired assets merge into C.W. Roberts Contracting and whether the Bunnell facility boosts local paving margins. Following the announcement, shares of Construction Partners were trading at $83.17, up 0.56% on the day.

Key points

  • Construction Partners acquired Palm Coast, Florida-based contractor S.E. Cline Construction.
  • The deal adds approximately 60 employees and a permitted, rail-served asphalt plant site in Bunnell, Florida.
  • S.E. Cline Construction will be integrated into Construction Partners' Florida division, C.W. Roberts Contracting.
  • The acquisition strengthens operations along the Interstate 95 corridor and creates vertical integration opportunities.

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Questions and answers

What did Construction Partners acquire in Florida?

Construction Partners acquired S.E. Cline Construction, a site development and underground utility contractor based in Palm Coast, Florida.

What assets were included in the S.E. Cline Construction acquisition?

The deal includes approximately 60 employees and a rail-served, permitted hot-mix asphalt plant site located in Bunnell, Florida.

How will S.E. Cline Construction be integrated into Construction Partners?

The acquired business will be folded into C.W. Roberts Contracting, which serves as Construction Partners' Florida platform.