# Construction Partners, Inc.

Summary updated: 2026-10-02T16:36:43.312531Z
Canonical: https://finbar.com/research/companies/construction-partners-inc

## Overview

Construction Partners, Inc. is a U.S. civil-infrastructure construction company focused on building and maintaining roads and related infrastructure, including highways, bridges, airports, and sites for commercial and residential development. Its vertically integrated operations include asphalt production and distribution, paving, site development, utilities and drainage, aggregates, and liquid asphalt cement distribution. The company operates across eight Sunbelt states: Alabama, Florida, Georgia, North Carolina, Oklahoma, South Carolina, Tennessee, and Texas. [1](https://app.finbar.com/go?id=P62126489)

The company describes its vision as partnering with locally led infrastructure businesses to build transportation systems that connect people and strengthen economies. [2](https://constructionpartners.net/about-cpi/) It reported FY2025 revenue of $2.812 billion and 6,412 employees as of September 30, 2025; its employee count includes 1,639 salaried and 4,773 hourly workers. [3](https://app.finbar.com/go?id=T4199997)[4](https://app.finbar.com/go?id=P19030863)
[1](https://app.finbar.com/go?id=P62126489)[2](https://constructionpartners.net/about-cpi/)[3](https://app.finbar.com/go?id=T4199997)[4](https://app.finbar.com/go?id=P19030863)[2](https://constructionpartners.net/about-cpi/)

## Products & services

Construction Partners, Inc. produces hot-mix asphalt (HMA) for its own paving work and for sale to third parties. Its HMA mixes use virgin aggregates such as sand and rock, liquid asphalt, and reclaimed asphalt pavement (RAP); the company reports that it can supply RAP internally to all its HMA plants. [5](https://app.finbar.com/go?id=P154722434)[6](https://app.finbar.com/go?id=P49905288)

Its services include paving roadway base layers and asphalt pavement; site development, including utility and drainage installation; mining and selling aggregates such as sand, gravel, and construction stone; and distributing liquid asphalt cement for HMA production. [5](https://app.finbar.com/go?id=P154722434) The company also names ready-mix concrete in an FY2025 revenue-recognition disclosure, but that disclosure does not detail its concrete offering. [7](https://app.finbar.com/go?id=P55727838)

The reviewed filings do not provide a percentage-of-revenue breakdown by product or service. [8](https://app.finbar.com/go?id=P17436334)
[5](https://app.finbar.com/go?id=P154722434)[6](https://app.finbar.com/go?id=P49905288)[7](https://app.finbar.com/go?id=P55727838)[8](https://app.finbar.com/go?id=P17436334)

## Geographic presence

Construction Partners’ operations are concentrated in the U.S. Sunbelt. Its reported operating states are Alabama, Florida, Georgia, North Carolina, Oklahoma, South Carolina, Tennessee and Texas; the company’s disclosed footprint is domestic. [5](https://app.finbar.com/go?id=P154722434)[9](https://app.finbar.com/go?id=P74209396)

The company’s principal executive office is in Dothan, Alabama, and it also lists an office in Raleigh, North Carolina. Its facilities include asphalt plants across the eight operating states, aggregate facilities in Alabama, Florida, Georgia and Texas, and liquid-asphalt terminals in Alabama, Florida and Texas. [9](https://app.finbar.com/go?id=P74209396)[10](https://app.finbar.com/go?id=P154722354)[11](https://app.finbar.com/go?id=P154722723)

The latest available quarterly filing is for the third quarter of FY2026, ended June 30, 2026. The filings do not provide a geographic revenue breakdown by state or region. [5](https://app.finbar.com/go?id=P154722434)[12](https://app.finbar.com/go?id=P7429536)
[5](https://app.finbar.com/go?id=P154722434)[9](https://app.finbar.com/go?id=P74209396)[10](https://app.finbar.com/go?id=P154722354)[11](https://app.finbar.com/go?id=P154722723)[12](https://app.finbar.com/go?id=P7429536)

## Business segments

Construction Partners, Inc. reports **one operating and reportable segment**: its consolidated civil-infrastructure and road-construction operations. It does not disclose separate reportable segments by region or operating company; accordingly, the single segment represents approximately **100% of consolidated revenue**. [13](https://app.finbar.com/go?id=P15080373)

The segment’s activities include hot-mix asphalt manufacturing and distribution, paving, site development, utility and drainage installation, aggregate mining, and liquid asphalt cement distribution. Its operations span Alabama, Florida, Georgia, North Carolina, Oklahoma, South Carolina, Tennessee, and Texas, serving public and private infrastructure and development projects. [1](https://app.finbar.com/go?id=P62126489)[5](https://app.finbar.com/go?id=P154722434)
[13](https://app.finbar.com/go?id=P15080373)[1](https://app.finbar.com/go?id=P62126489)[5](https://app.finbar.com/go?id=P154722434)

## Company history

Construction Partners traces its founding to 2001, with Ned N. Fleming III and Charles E. Owens identified as its founders. The corporate holding company was formed in Delaware in 2007, supporting a growth strategy built around acquiring locally established businesses. In 2011, the company expanded into North Carolina by acquiring Fred Smith Company’s highway-construction assets in the Raleigh area. [14](https://constructionpartners.net/about-cpi) [15](https://ir.constructionpartners.net/corporate-governance/board-of-directors) [16](https://www.sec.gov/Archives/edgar/data/1718227/000119312518109893/d169660ds1.htm) [17](https://www.concp.com/wp-content/uploads/2019/06/2011-05-10-CPI-acquires-Fred-Smith-Company.pdf)

In 2018, Construction Partners completed an initial public offering and began trading on Nasdaq under the symbol ROAD; its Scruggs Company acquisition that year was described as its 16th since founding. [18](https://app.finbar.com/go?id=P181630528) [19](https://ir.constructionpartners.net/news/press-releases/detail/45/construction-partners-inc-announces-closing-of-initial-public-offering) In 2021, Fred J. Smith III became president and CEO, succeeding Owens, and the company continued to build its North Carolina operations through acquisitions. [20](https://ir.constructionpartners.net/news/press-releases/detail/64/construction-partners-inc-announces-management-transition) [21](https://app.finbar.com/go?id=P55069131) The company’s subsequent expansion included the 2024 acquisition of Texas-based Lone Star Paving and additional acquisitions in Alabama, Tennessee, Texas, and Florida during 2025; in 2026 it entered Oklahoma with the acquisition of Ellsworth Construction. [22](https://app.finbar.com/go?id=P68508896) [23](https://ir.constructionpartners.net/news/press-releases/detail/131/construction-partners-inc-announces-closing-of-lone-star-paving-acquisition) [24](https://ir.constructionpartners.net/news/press-releases/detail/138/construction-partners-inc-completes-alabama-acquisition) [25](https://ir.constructionpartners.net/news/press-releases/detail/142/construction-partners-inc-acquires-platform-company-in-tennessee) [26](https://ir.constructionpartners.net/news/press-releases/detail/149/construction-partners-inc-completes-texas-acquisition) [27](https://ir.constructionpartners.net/news/press-releases/detail/150/construction-partners-inc-completes-florida-acquisition) [28](https://ir.constructionpartners.net/news/press-releases/detail/161/construction-partners-inc-completes-oklahoma-acquisition)
[18](https://app.finbar.com/go?id=P181630528)[21](https://app.finbar.com/go?id=P55069131)[22](https://app.finbar.com/go?id=P68508896)[14](https://constructionpartners.net/about-cpi)[15](https://ir.constructionpartners.net/corporate-governance/board-of-directors)[16](https://www.sec.gov/Archives/edgar/data/1718227/000119312518109893/d169660ds1.htm)[17](https://www.concp.com/wp-content/uploads/2019/06/2011-05-10-CPI-acquires-Fred-Smith-Company.pdf)[19](https://ir.constructionpartners.net/news/press-releases/detail/45/construction-partners-inc-announces-closing-of-initial-public-offering)[20](https://ir.constructionpartners.net/news/press-releases/detail/64/construction-partners-inc-announces-management-transition)[23](https://ir.constructionpartners.net/news/press-releases/detail/131/construction-partners-inc-announces-closing-of-lone-star-paving-acquisition)[24](https://ir.constructionpartners.net/news/press-releases/detail/138/construction-partners-inc-completes-alabama-acquisition)[25](https://ir.constructionpartners.net/news/press-releases/detail/142/construction-partners-inc-acquires-platform-company-in-tennessee)[26](https://ir.constructionpartners.net/news/press-releases/detail/149/construction-partners-inc-completes-texas-acquisition)[27](https://ir.constructionpartners.net/news/press-releases/detail/150/construction-partners-inc-completes-florida-acquisition)[28](https://ir.constructionpartners.net/news/press-releases/detail/161/construction-partners-inc-completes-oklahoma-acquisition)

## Sources

1. [Construction Partners, Inc. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P62126489)
2. [constructionpartners.net](https://constructionpartners.net/about-cpi/)
3. [Construction Partners, Inc. — Full financial report (2025 Y)](https://app.finbar.com/go?id=T4199997)
4. [Construction Partners, Inc. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P19030863)
5. [Construction Partners, Inc. — Full financial report (2026 Q 3)](https://app.finbar.com/go?id=P154722434)
6. [Construction Partners, Inc. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P49905288)
7. [Construction Partners, Inc. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P55727838)
8. [Construction Partners, Inc. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P17436334)
9. [Construction Partners, Inc. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P74209396)
10. [Construction Partners, Inc. — Full financial report (2026 Q 3)](https://app.finbar.com/go?id=P154722354)
11. [Construction Partners, Inc. — Full financial report (2026 Q 3)](https://app.finbar.com/go?id=P154722723)
12. [Construction Partners, Inc. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P7429536)
13. [Construction Partners, Inc. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P15080373)
14. [constructionpartners.net](https://constructionpartners.net/about-cpi)
15. [ir.constructionpartners.net](https://ir.constructionpartners.net/corporate-governance/board-of-directors)
16. [www.sec.gov](https://www.sec.gov/Archives/edgar/data/1718227/000119312518109893/d169660ds1.htm)
17. [www.concp.com](https://www.concp.com/wp-content/uploads/2019/06/2011-05-10-CPI-acquires-Fred-Smith-Company.pdf)
18. [Construction Partners, Inc. — Full financial report (2018 Y)](https://app.finbar.com/go?id=P181630528)
19. [ir.constructionpartners.net](https://ir.constructionpartners.net/news/press-releases/detail/45/construction-partners-inc-announces-closing-of-initial-public-offering)
20. [ir.constructionpartners.net](https://ir.constructionpartners.net/news/press-releases/detail/64/construction-partners-inc-announces-management-transition)
21. [Construction Partners, Inc. — Full financial report (2021 Y)](https://app.finbar.com/go?id=P55069131)
22. [Construction Partners, Inc. — Full financial report (2024 Y)](https://app.finbar.com/go?id=P68508896)
23. [ir.constructionpartners.net](https://ir.constructionpartners.net/news/press-releases/detail/131/construction-partners-inc-announces-closing-of-lone-star-paving-acquisition)
24. [ir.constructionpartners.net](https://ir.constructionpartners.net/news/press-releases/detail/138/construction-partners-inc-completes-alabama-acquisition)
25. [ir.constructionpartners.net](https://ir.constructionpartners.net/news/press-releases/detail/142/construction-partners-inc-acquires-platform-company-in-tennessee)
26. [ir.constructionpartners.net](https://ir.constructionpartners.net/news/press-releases/detail/149/construction-partners-inc-completes-texas-acquisition)
27. [ir.constructionpartners.net](https://ir.constructionpartners.net/news/press-releases/detail/150/construction-partners-inc-completes-florida-acquisition)
28. [ir.constructionpartners.net](https://ir.constructionpartners.net/news/press-releases/detail/161/construction-partners-inc-completes-oklahoma-acquisition)

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