Construction Partners acquires North Carolina contractor Southern Asphalt
Mar. 07, 2022 4:21 PM ETROADBy: Jessica Kuruthukulangara, SA News Editor
- Construction Partners (NASDAQ:ROAD) acquired Southern Asphalt, an asphalt paving contractor based in Burgaw, North Carolina, that primarily serves the Wilmington, North Carolina metro area.
- Terms were not disclosed.
- "With today's transaction, we have entered a new and dynamic market and added an experienced team of paving professionals. For years, Southern Asphalt has been a leader in the commercial paving market in southeastern North Carolina and particularly in the Wilmington metro area," said ROAD CEO Fred J. Smith, III.