Deal Details

Follow-on Offering

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Summary

About

Construction Partners, Inc. (the “Company”) (NASDAQ: ROAD) recently completed a secondary offering of 6,612,500 shares of Class A common stock at a price of $16.50 per share, which included the exercise in full by the underwriters of their option to purchase an additional 862,500 shares of Class A common stock, generating gross proceeds of $109.1 million. All shares sold in the offering were offered by certain affiliates of SunTx Capital Management Corp. (“SunTx”).

Construction Partners, Inc. is a vertically integrated civil infrastructure company operating across five southeastern states, with 35 hot mix asphalt plants, nine aggregate facilities and one liquid asphalt terminal. Publicly funded projects make up the majority of its business and include local and state roadways, interstate highways, airport runways and bridges. The majority of the Company’s public projects are maintenance related. Private sector projects include paving and sitework for office and industrial parks, shopping centers, local businesses and residential developments. Construction Partners Inc. is headquartered in Dothan, Alabama

SunTx is a private equity firm that invests in middle market manufacturing, distribution and service companies. SunTx specializes in supporting talented management teams in industries where SunTx can apply its operational experience and financial expertise to build leading middle-market companies with operations typically in the Sun Belt region of the United States. SunTx is headquartered in Dallas, Texas.

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