Construction Partners completes acquisition of Piedmont Paving in Georgia
Construction Partners, Inc. (NASDAQ: ROAD) bought Piedmont Paving, Inc., a Newnan‑based asphalt paving firm. The purchase adds a hot‑mix asphalt plant and more than 110 staff to the company’s Georgia platform, The Scruggs Company. CEO Fred J. Smith said the deal broadens the firm’s presence along the Interstate 85 corridor between Columbus and Atlanta. The acquisition expands the company’s ability to serve public and private projects in the Atlanta metro area.
Why it matters
The added plant and workforce increase Construction Partners’ capacity in a fast‑growing region, potentially boosting revenue from both public infrastructure contracts and private projects. The company’s management indicated the assets complement existing operations, which may improve margins and market share in the Sunbelt.
Key facts
- 1Construction Partners acquired Piedmont Paving, Inc., headquartered in Newnan, Georgia. prnewswire.com
- 2The transaction includes a hot‑mix asphalt plant and more than 110 employees. prnewswire.com
- 3The acquired operations will be integrated into The Scruggs Company, the firm’s Georgia platform. prnewswire.com
- 4CEO Fred J. Smith said the purchase expands the company’s operations along the Interstate 85 corridor between Columbus and Atlanta. prnewswire.com
- 5The acquisition was announced on November 4, 2026. investing.com
Summary written by AlphAI AI Desk from 2 of 2 sources. Not investment advice. Figures are as stated by the linked sources.