Construction Partners, Inc. 8-K Filing Summary

Construction Partners, Inc. (NASDAQ: ROAD), a leading civil infrastructure company, has completed a strategic acquisition that significantly expands its operations and market share in the rapidly growing Houston, Texas metropolitan area.

Key Event: Acquisition of GMJ Paving Company, LLC

On February 2, 2026, Construction Partners filed an 8-K report with the SEC and issued a press release announcing its acquisition of GMJ Paving Company, LLC ("GMJ"). GMJ, an established asphalt paving contractor, specializes in public infrastructure projects within the Houston metro area. The acquisition includes GMJ's hot-mix asphalt plant located in Baytown, east of Houston. Construction Partners completed this transaction before the filing date, integrating GMJ into its operations.

Strategic Rationale and Market Impact

This acquisition solidifies Construction Partners' position in the Sunbelt region, particularly within the rapidly expanding Houston market. It follows earlier strategic expansions in Houston, including the acquisition of Durwood Greene Construction Co. last August and assets from Vulcan Materials Company in October.

The GMJ acquisition offers several strategic advantages:

• Enhanced Capacity: The GMJ asphalt plant becomes Construction Partners' twelfth hot-mix asphalt plant in the Houston metro area. This significantly boosts production capacity, enabling larger, more complex projects and optimizing its existing liquid asphalt terminal. While specific capacity metrics for the GMJ plant were not disclosed, its integration should create operational efficiencies.
• Expanded Market Share: Integrating GMJ's operations allows Construction Partners to capture a larger share of Houston's robust public infrastructure market.
• Experienced Workforce and Local Expertise: The transaction includes GMJ's experienced team, led by Lupe Munoz, bringing valuable local market knowledge and established customer relationships. This team will join Construction Partners' existing Durwood Greene Construction Co. operations.
• Positioning for Growth: Houston's dynamic growth, fueled by ongoing infrastructure development, positions Construction Partners for sustained long-term revenue and profit growth.

Financial and Operational Implications for Investors

Financial Terms: The specific financial terms of the acquisition, including the purchase price and how it was financed (e.g., cash, debt, equity), remain undisclosed in the 8-K filing or accompanying press release. Without these details, investors cannot fully assess the immediate financial impact on Construction Partners' balance sheet, cash flow, or earnings per share (EPS).

Potential Financial Impact: While the company anticipates the acquisition will boost long-term revenue and profits, it provided no specific guidance on expected revenue contribution, EPS accretion/dilution, or estimated synergies at the time of the filing. Investors should monitor future earnings calls and financial reports for these crucial details. The absence of financing specifics also raises questions about potential impacts on the company's leverage ratios.

Integration and Risks: Integrating GMJ's operations, personnel, and assets into the broader Construction Partners framework, especially within Durwood Greene Construction Co., will be a key short-term focus. While Construction Partners has a track record of successful acquisitions, integration processes carry inherent risks, such as:

• Operational Disruptions: Temporary slowdowns during system and process merging.
• Cultural Integration: Ensuring a smooth transition for GMJ employees into Construction Partners' culture.
• Loss of Key Personnel or Customers: Despite GMJ's leadership joining, the risk of losing key talent or customer relationships during transition remains.
• Unforeseen Costs: Unexpected integration expenses.

Outlook: This acquisition reinforces Construction Partners' strategy to expand in high-growth Sunbelt markets. For investors, the deal's long-term success depends on effective integration, realizing anticipated synergies, and leveraging increased capacity to secure profitable contracts in the competitive Houston market.

Investor Takeaways

• Strategic Fit: The acquisition aligns with Construction Partners' growth strategy and strengthens its presence in a key market.
• Missing Financials: The lack of disclosed financial terms creates a key information gap for investors. Future disclosures are critical for a comprehensive financial assessment.
• Integration Focus: Monitor the company's integration of GMJ and any updates on operational performance and financial contributions.
• Future Guidance: Look for updated financial guidance from Construction Partners in upcoming earnings reports reflecting this acquisition's impact.

While this acquisition positions Construction Partners for potential long-term growth, investors should weigh the strategic benefits against the current lack of financial specifics and inherent integration risks.