Construction Partners (ROAD) Doubles Down On Oklahoma’s Asphalt Supply Chain
Construction Partners (ROAD) acquired Asphalt Express Enterprises, adding a liquid asphalt supply and hauling business in Oklahoma. The deal includes a rail-served site for a future terminal. ROAD's Q3 revenue rose 28.2% to $999.4M, with adjusted EBITDA up 23.8% to $163.0M. Backlog reached a record $3.36B, prompting raised full-year revenue guidance. Despite energy cost inflation and weather impacts, hedge fund ownership increased, and the stock trades at a forward P/E of 26.32.




