ROAD 📈 Construction Partners - Overview

Construction Partners, Inc. operates as a civil infrastructure company, specializing in the construction and maintenance of roadways across six states: Alabama, Florida, Georgia, North Carolina, South Carolina, and Tennessee. The company's services and products cater to a wide range of public and private infrastructure projects, including highways, roads, bridges, airports, and both commercial and residential developments. This diversity in project scope allows the company to maintain a stable and varied portfolio, adapting to different market demands and opportunities.

The company's operations are multifaceted, encompassing not just construction but also the manufacturing and distribution of hot mix asphalt (HMA), a critical component in road construction. This HMA is used both internally for the company's own projects and sold to third-party contractors, providing an additional revenue stream. Furthermore, Construction Partners engages in paving activities, which include the construction of roadway base layers and the application of asphalt pavement, ensuring a comprehensive approach to road construction from base to surface.

In addition to its core construction and asphalt production activities, the company is involved in site development. This includes the installation of utility and drainage systems, which are essential for the preparation of land for construction projects. The company also engages in the mining of aggregates such as sand, gravel, and construction stones, which serve as raw materials in the production of HMA. Moreover, it distributes liquid asphalt cement, both for internal use in HMA production and for sale to external parties, further integrating its operations across the supply chain.

With a history dating back to 2007, Construction Partners, Inc. has evolved over the years, including a name change from SunTx CPI Growth Company, Inc. to its current name in September 2017. Headquartered in Dothan, Alabama, the company maintains a strong presence in the southeastern United States, with its operations and services tailored to meet the specific infrastructure needs of this region. The company's commitment to providing a range of civil infrastructure services positions it as a key player in the construction and engineering sector, with its common stock listed under the ISIN US21044C1071 and classified under the GICS Sub Industry of Construction & Engineering.