Nasdaq Welcomes Construction Partners, Inc. (Nasdaq: ROAD) to The Nasdaq Stock Market
May 04 2018 - 8:40PM
Construction Partners, Inc. (Nasdaq:ROAD), specializing in the
construction and maintenance of roadways across five southeastern
states, rang the closing bell at the Nasdaq MarketSite in Times
Square today in celebration of its initial public offering (IPO) on
The Nasdaq Stock Market.
Founded in 2001, Construction Partners provides construction
products and services to both the public and private sectors with
customers in North Carolina, South Carolina, Georgia, Florida and
Alabama. Publicly funded projects make up most of its business,
including local and state roadways, interstate highways, airport
runways and bridges. In the private sector market, it offers
paving and sitework for residential subdivisions, office and
industrial parks, shopping centers and local businesses. From
its 27 hot mix asphalt (HMA) plants, it produces the material used
to surface the highways, roads, runways and commercial sites it
constructs. It also sells HMA as well as aggregates in some markets
to local customers.
“America’s economy runs on roads, and for more than 17 years
Construction Partners has been paving the way for economic growth
in the fastest-growing region of the country,” said Charles E.
Owens, President & Chief Executive Officer, Construction
Partners. “Our access to new capital through our Nasdaq listing –
combined with strong demand and public funding currently earmarked
for new road construction and improvements -- will enable us to
continue to grow organically, through additional acquisitions and
greenfield developments. My thanks to our more than 1,800
employees who have helped build this company into one of the
fastest growing and most successful transportation infrastructure
companies in the country.”
“Over nearly 20 years of hard work, Construction Partners has
expanded its geographic footprint to cover more than 28,500 miles
of highway infrastructure and acquire 15 complementary businesses
throughout the Southeastern United States,” said Nelson Griggs,
President, Nasdaq Stock Exchange. “We are proud to welcome
Construction Partners to the Nasdaq Stock Market and look forward
to supporting the company as it continues to bolster our country’s
infrastructure through its quality services.”
The information contained above is provided for informational
and educational purposes only, and nothing contained herein should
be construed as investment advice, either on behalf of a particular
security or an overall investment strategy. Information about the
company is provided by the company or comes from the company’s
public filings and is not independently verified by Nasdaq. Neither
Nasdaq nor any of its affiliates makes any recommendation to buy or
sell any security or any representation about the financial
condition of any company. Statements regarding Nasdaq-listed
companies are not guarantees of future performance. Actual results
may differ materially from those expressed or implied. Past
performance is not indicative of future results. Investors should
undertake their own due diligence and carefully evaluate companies
before investing. ADVICE FROM A SECURITIES PROFESSIONAL IS STRONGLY
ADVISED.
About NasdaqNasdaq (Nasdaq:NDAQ) is a leading
global provider of trading, clearing, exchange technology, listing,
information and public company services. Through its diverse
portfolio of solutions, Nasdaq enables customers to plan, optimize
and execute their business vision with confidence, using proven
technologies that provide transparency and insight for navigating
today’s global capital markets. As the creator of the world’s first
electronic stock market, its technology powers more than 90
marketplaces in 50 countries, and 1 in 10 of the world’s securities
transactions. Nasdaq is home to approximately 3,900 total listings
with a market value of approximately $13 trillion. To learn more,
visit: http://business.nasdaq.com
MEDIA RELATIONS CONTACT: Will Briganti (646) 441
5012 William.Briganti@nasdaq.com |
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A photo accompanying this announcement is available at
http://resource.globenewswire.com/Resource/Download/9b6394b3-9dae-4e5d-8bc3-5f06e07906aa
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