Benson Asphalt Plant to Serve Multiple
Market Areas
DOTHAN,
Ala., Aug. 22, 2022 /PRNewswire/ -- Construction
Partners, Inc. (NASDAQ: ROAD) (the "Company"), a vertically
integrated civil infrastructure company specializing in the
construction and maintenance of roadways across five southeastern
states, today announced that it has commenced operations at a new
hot-mix asphalt plant site in Benson, North Carolina.
Fred J. (Jule) Smith, III, the
Company's President and Chief Executive Officer, said, "The new
Benson plant is a prototypical
greenfield for us, whereby we expand into an adjacent market based
on project opportunities and market dynamics. From Benson, we expect to be able to serve the
fast-growing Johnston and
Harnett County suburbs of the
Triangle metro area of Raleigh-Durham. Consistent with our continued
long-term growth strategy, greenfields such as this one in
Benson are a key driver of organic
growth and building shareholder value. We will continue to evaluate
future investment opportunities that leverage our strong
organizational footprint throughout the Southeast."
About Construction Partners, Inc.
Construction Partners, Inc. is a vertically integrated civil
infrastructure company operating across five southeastern states.
Supported by its hot-mix asphalt plants, aggregate facilities and
liquid asphalt terminal, the company focuses on the construction,
repair and maintenance of surface infrastructure. Publicly funded
projects make up the majority of its business and include local and
state roadways, interstate highways, airport runways and bridges.
The company also performs private sector projects that include
paving and sitework for office and industrial parks, shopping
centers, local businesses and residential developments. To learn
more, visit www.constructionpartners.net.
Cautionary Note Regarding Forward-Looking Statements
Certain statements contained herein that are not statements of
historical or current fact constitute "forward-looking statements"
within the meaning of Section 27A of the Securities Act of 1933 and
21E of the Securities Exchange Act of 1934. These statements may be
identified by the use of words such as "seek" "continue,"
"estimate," "predict," "potential," "targeting," "could," "might,"
"may," "will," "expect," "should," "anticipate," "intend,"
"project," "outlook," "believe," "plan" and similar expressions or
their negative. The forward-looking statements contained in this
press release include, without limitation, statements relating to
the benefits of a new business location and the expected results of
the new location. These and other forward-looking statements are
based on management's current views and assumptions and involve
risks and uncertainties that could significantly affect expected
results. Important factors that could cause actual results to
differ materially from those expressed in the forward-looking
statements are set forth in the Company's most recent Annual Report
on Form 10-K, its subsequent Quarterly Reports on Form 10-Q, its
Current Reports on Form 8-K and other reports the Company files
with the SEC. Forward-looking statements speak only as of the date
they are made. The Company assumes no obligation to update
forward-looking statements to reflect actual results, subsequent
events, or circumstances or other changes affecting such statements
except to the extent required by applicable law.
Contact:
Rick Black
Dennard Lascar Investor
Relations
ROAD@DennardLascar.com
(713) 529-6600
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SOURCE Construction Partners, Inc.