By Kelly Cloonan
Construction Partners said it has acquired PRI, expanding its operations across Tennessee.
Civil-infrastructure company Construction Partners said Thursday the deal includes PRI of East Tennessee, an asphalt manufacturing and construction business, and Pavement Restorations, a pavement preservation business.
PRI of East Tennessee, headquartered in Knoxville, Tenn., maintains a hot-mix asphalt plant and provides construction and paving services for public and private projects.
Pavement Restorations is based in Milan, Tenn. and provides specialized sitework services in addition to pavement preservation.
"The State of Tennessee is ripe with organic and acquisitive growth opportunities, driven by strong economic growth, favorable demographic trends, and a healthy transportation funding program," Construction Partners' Chief Executive Fred Smith III said.
Write to Kelly Cloonan at kelly.cloonan@wsj.com
(END) Dow Jones Newswires
May 01, 2025 18:38 ET (22:38 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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。