Construction Partners (ROAD) Acquires Hudson Paving in NC
struction Partners(ROAD) ZACKS·2024-06-05 01:36
Construction Partners, Inc. (ROAD) or CPI acquired Rockingham, NC-based Hudson Paving, Inc., which will add a hot-mix asphalt plant and related crews and equipment serving in the Sandhills region.In the year-to-date period, this vertically integrated civil infrastructure company’s shares have outperformed in the Zacks Building Products - Miscellaneous industry. Its stock gained 31.8% so far this year compared with the industry’s growth of 10.3%.Nonetheless, earnings estimate for fiscal 2024 moved north to $ ...