Construction Partners to Acquire Lone Star Paving in Cash and Stock Deal

MT Newswires Live

2024/10/21

Construction Partners (ROAD) said Monday it has agreed to acquire asphalt manufacturing and paving firm Asphalt, doing business as Lone Star Paving, for $654 million in cash and 3 million shares of Construction Partners' Class A common stock,

Additionally, Construction Partners will purchase an entity holding certain real property from the sellers of Lone Star for $30 million in cash upon receipt of specified governmental entitlements as well as pay the sellers the remaining working capital in four quarterly installments after closing.

Construction Partners said it expects to finance the cash portion of the purchase through debt financing, with the transaction expected to close in fiscal Q1.

The acquisition is expected to generate an annualized run-rate of $530 million in revenue and $120 million in adjusted EBITDA in fiscal 2025, Construction Partners said.

Price: 76.01, Change: +1.31, Percent Change: +1.75

免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。

热议股票

{"basename":"/hans","ssrTDKData":{"titleTemplate":"%s - 老虎证券","title":"老虎证券全球投资理财平台| 一站式投资美股新股港股A股","description":"老虎证券助您一站式投资美股，新股，港股，A股等全球金融理财产品。新加坡华人最信赖的在线投资平台，现在加入即享低费用，24/5 无时差炒美股投资理财！","keywords":"老虎证券,老虎证券开户,老虎券商,老虎证券官网,老虎证券app,tigertrade老虎证券,股票,炒股,新加坡股票交易平台,投资,投资理财","social":{"ogDescription":"老虎证券助您一站式投资美股，新股，港股，A股等全球金融理财产品。新加坡华人最信赖的在线投资平台，现在加入即享低费用，24/5 无时差炒美股投资理财！","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/hans/news/2477856870"},"companyName":"老虎证券"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2477856870\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2477856870?lang=zh_CN&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-10-21 19:23","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2477856870","market":"sg","top_or_hot":-1,"title":"Construction Partners to Acquire Lone Star Paving in Cash and Stock Deal","media":"MT Newswires Live","content":"<html><body><p> <a href=\"https://laohu8.com/S/ROAD\">Construction Partners</a> (ROAD) said Monday it has agreed to acquire asphalt manufacturing and paving firm Asphalt, doing business as Lone Star Paving, for $654 million in cash and 3 million shares of Construction Partners' Class A common stock,</p><p>Additionally, Construction Partners will purchase an entity holding certain real property from the sellers of Lone Star for $30 million in cash upon receipt of specified governmental entitlements as well as pay the sellers the remaining working capital in four quarterly installments after closing.</p><p>Construction Partners said it expects to finance the cash portion of the purchase through debt financing, with the transaction expected to close in fiscal Q1.</p><p>The acquisition is expected to generate an annualized run-rate of $530 million in revenue and $120 million in adjusted EBITDA in fiscal 2025, Construction Partners said.</p><p>Price: 76.01, Change: +1.31, Percent Change: +1.75</p></body></html>","source":"mtnewswires_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Construction Partners to Acquire Lone Star Paving in Cash and Stock Deal</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nConstruction Partners to Acquire Lone Star Paving in Cash and Stock Deal\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1092851196\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">MT Newswires Live </p>\n<p class=\"h-time\">2024-10-21 19:23</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p> <a href=\"https://laohu8.com/S/ROAD\">Construction Partners</a> (ROAD) said Monday it has agreed to acquire asphalt manufacturing and paving firm Asphalt, doing business as Lone Star Paving, for $654 million in cash and 3 million shares of Construction Partners' Class A common stock,</p><p>Additionally, Construction Partners will purchase an entity holding certain real property from the sellers of Lone Star for $30 million in cash upon receipt of specified governmental entitlements as well as pay the sellers the remaining working capital in four quarterly installments after closing.</p><p>Construction Partners said it expects to finance the cash portion of the purchase through debt financing, with the transaction expected to close in fiscal Q1.</p><p>The acquisition is expected to generate an annualized run-rate of $530 million in revenue and $120 million in adjusted EBITDA in fiscal 2025, Construction Partners said.</p><p>Price: 76.01, Change: +1.31, Percent Change: +1.75</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"IE00B66KJ199.SGD","symbol_name":"LEGG MASON ROYCE US SMALL CAP OPPORTUNITY  \" A\" (SGD) ACC","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2477856870","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2477856870","pubTimestamp":1729509795,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1092851196","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"Construction Partners (ROAD) said Monday it has agreed to acquire asphalt manufacturing and paving firm Asphalt, doing business as Lone Star Paving, for $654 million in cash and 3 million shares of Co","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"IE00B66KJ199.SGD":"LEGG MASON ROYCE US SMALL CAP OPPORTUNITY  \" A\" (SGD) ACC","BK4129":"建筑与工程","ROAD":"Construction Partners","IE00B7SZL793.SGD":"Legg Mason Royce - US Small Cap Opportunity A Acc SGD-H","IE0031619046.USD":"LEGG MASON ROYCE US SMALL CAP OPPORTUNITY \"A\" (USD) INC","IE00B19Z4B17.USD":"LEGG MASON ROYCE US SMALL CAP OPPORTUNITY \"A\" (USD) ACC"},"translate_title":"Construction Partners将以现金和股票交易收购Lone Star铺路公司","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ROAD":1},"content_text":"Construction Partners (ROAD) said Monday it has agreed to acquire asphalt manufacturing and paving firm Asphalt, doing business as Lone Star Paving, for $654 million in cash and 3 million shares of Construction Partners' Class A common stock,Additionally, Construction Partners will purchase an entity holding certain real property from the sellers of Lone Star for $30 million in cash upon receipt of specified governmental entitlements as well as pay the sellers the remaining working capital in four quarterly installments after closing.Construction Partners said it expects to finance the cash portion of the purchase through debt financing, with the transaction expected to close in fiscal Q1.The acquisition is expected to generate an annualized run-rate of $530 million in revenue and $120 million in adjusted EBITDA in fiscal 2025, Construction Partners said.Price: 76.01, Change: +1.31, Percent Change: +1.75","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}