Construction Partners acquires Lone Star Paving in $950M deal

Construction Partners (ROAD) shares surge by over 13% on Monday after agreeing to acquire Lone Star Paving in a deal valued at $950 million — $654 million in cash and 3 million shares. Market Domination hosts Josh Lipton and Jared Blikre examine Construction Partners' preliminary results for fiscal year 2024 as it hopes to expand further into Texas via the Lone Star acquisition.

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This post was written by Luke Carberry Mogan.