Construction Partners, Inc. Announces North Carolina Greenfield
Construction Partners | August 23, 2022 | Read time: 01:17 min
Construction Partners, Inc. (NASDAQ: ROAD) (the "Company"), a vertically integrated civil infrastructure company specializing in the construction and maintenance of roadways across five southeastern states, today announced that it has commenced operations at a new hot-mix asphalt plant site in Benson, North Carolina.
Fred J. (Jule) Smith, III, the Company's President and Chief Executive Officer, said, "The new Benson plant is a prototypical greenfield for us, whereby we expand into an adjacent market based on project opportunities and market dynamics. From Benson, we expect to be able to serve the fast-growing Johnston and Harnett County suburbs of the Triangle metro area of Raleigh-Durham. Consistent with our continued long-term growth strategy, greenfields such as this one in Benson are a key driver of organic growth and building shareholder value. We will continue to evaluate future investment opportunities that leverage our strong organizational footprint throughout the Southeast."
About Construction Partners, Inc:
Construction Partners, Inc. is a vertically integrated civil infrastructure company operating across five southeastern states. Supported by its hot-mix asphalt plants, aggregate facilities and liquid asphalt terminal, the company focuses on the construction, repair and maintenance of surface infrastructure. Publicly funded projects make up the majority of its business and include local and state roadways, interstate highways, airport runways and bridges. The company also performs private sector projects that include paving and sitework for office and industrial parks, shopping centers, local businesses and residential developments.