M&A - Construction Partners, Inc.

Form Type: 10-Q

Filing Date: 2025-02-07

Corporate Action: Acquisition

Type: Update

Accession Number: 000171822725000020

Filing Summary: Construction Partners, Inc. reported its financial results for the quarter ended December 31, 2024, reflecting significant revenue growth and strategic acquisitions. Revenues increased to $561.58 million compared to $396.51 million in the prior year, highlighting a strong demand for construction services. The company encountered challenges with increased costs and expenses, particularly in relation to acquisition-related expenditures that amounted to $19.55 million. Despite the revenue growth, a net loss was reported for the quarter due to high interest expenses totaling $18.13 million and operational costs. The company has actively pursued acquisitions, including a notable acquisition of Lone Star Paving, to expand its market footprint and capabilities. Future projections indicate a focus on improving profitability through operational efficiencies and effective integration of acquired companies. The risk factors noted include competition, government funding constraints, and economic conditions affecting the construction sector.

Form Type: 8-K

Filing Date: 2025-02-03

Corporate Action: Acquisition

Type: New

Accession Number: 000171822725000015

Filing Summary: On February 3, 2025, Construction Partners, Inc. announced the completion of an acquisition transaction. The press release detailing this acquisition is included as Exhibit 99.1 and is incorporated by reference for additional context, though it is not considered 'filed' under the Securities Act of 1933. The acquisition signifies a strategic move for the company to enhance its market presence and operational capabilities.

Form Type: 8-K/A

Filing Date: 2025-01-17

Corporate Action: Acquisition

Type: Update

Accession Number: 000119312525008462

Filing Summary: On January 17, 2025, Construction Partners, Inc. filed an amendment to its earlier Form 8-K originally submitted on November 4, 2024, concerning the acquisition of Asphalt Inc., LLC (dba Lone Star Paving), completed under a Unit Purchase Agreement dated October 20, 2024. This amendment included the required financial statements and pro forma information that were initially omitted. The filings provide details about the audited consolidated financial statements for Asphalt Inc. and ACE Aggregates, LLC for the year ending September 30, 2024 and an unaudited pro forma condensed combined balance sheet and income statement.

Form Type: 8-K

Filing Date: 2025-01-03

Corporate Action: Acquisition

Type: New

Accession Number: 000171822725000003

Filing Summary: On January 3, 2025, Construction Partners, Inc. announced the completion of an acquisition transaction through a press release. The press release was included as Exhibit 99.1 and provides additional details regarding the acquisition. Construction Partners, Inc. is incorporated in Delaware and trades under the symbol ROAD on the Nasdaq Global Select Market. The company is not utilizing the extended transition period for new financial accounting standards, as indicated in the filing.