Construction Partners, Inc.

Construction Partners, Inc. (NASDAQ: ROAD) is a civil infrastructure company specializing in the construction and maintenance of roadways across the Sunbelt region. The company maintains its website at www.constructionpartners.net.

The company operates through a vertically integrated business model providing a comprehensive range of products and services to both public and private infrastructure projects. Core operations include manufacturing and distributing hot mix asphalt for internal use and third-party sales, paving activities encompassing roadway base layer construction and asphalt pavement application, site development including utility and drainage system installation, mining aggregates such as sand and gravel used as raw materials in HMA production and sold to third parties, and distributing liquid asphalt cement for both internal consumption and external sales.

Construction Partners serves customers across eight states: Alabama, Florida, Georgia, North Carolina, Oklahoma, South Carolina, Tennessee, and Texas. The company's customer base consists of federal agencies, state departments of transportation, local municipalities, commercial developers, and residential developers. During fiscal year 2025, publicly funded construction projects and material sales to public customers accounted for approximately 65 percent of revenues, while privately funded projects and third-party sales represented approximately 35 percent. State departments of transportation represent the company's largest customer category, accounting for 43.4 percent of fiscal 2025 revenues, though no single customer exceeded 10 percent of total revenues.

As of September 30, 2025, the company employed 1,639 salaried employees and 4,773 hourly employees. The company maintains a contract backlog of $3.0 billion as of fiscal year-end 2025, with approximately 78 percent expected to be completed within the following 12 months.

Construction Partners was formed as a Delaware corporation in 2007 as a holding company to facilitate an acquisition growth strategy. The company has completed 54 acquisitions since inception. During fiscal 2025, the company completed five acquisitions across four states, adding 27 HMA plants, four aggregate facilities, a liquid asphalt terminal, and a rail-served aggregates terminal. The company announced its ROAD 2030 strategic plan in October 2025, establishing a goal of exceeding $6 billion in revenues by fiscal year 2030.