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Construction Partners Expands Asphalt Operations With Oklahoma Deal
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Key Takeaways
Construction Partners acquired Asphalt Express to expand asphalt supply and transportation across two states.
Overland gained a rail-served Ardmore site plus trucks and trailers for liquid asphalt transport.
ROAD plans to develop the site into a terminal to improve sourcing, transportation and regional operations.
Construction Partners, Inc. (ROAD - Free Report) or CPI has acquired Asphalt Express Enterprises, LLC, a liquid asphalt supply and hauling business based in Ardmore, OK. The deal expands the company’s asphalt supply and transportation capabilities across Oklahoma and North Texas.
As part of the transaction, CPI’s Oklahoma platform company, Overland Corporation, acquired Asphalt Express’ rail-served industrial site in Ardmore, along with trucks and trailers used to transport liquid asphalt. The site currently receives liquid asphalt for delivery to customers.
Following the news, shares of ROAD declined 3.5% during trading hours yesterday.
ROAD to Develop Future Asphalt Terminal
CPI expects to develop the Ardmore location into a future liquid asphalt terminal serving operations in Oklahoma and North Texas. The planned terminal could improve access to a key raw material while providing greater flexibility in sourcing and transportation.
The acquisition also supports Construction Partners’ strategy to strengthen vertical integration and invest in assets that support construction and asphalt production. The addition of Asphalt Express’ transportation capabilities and experienced team further complements CPI’s existing operations in the region.
ROAD Stock's Price Performance
Shares of this Alabama-based civil infrastructure company have declined 22.3% in the past six months, underperforming the Zacks Building Products - Miscellaneous industry. The company’s prospects face pressure from higher energy costs and unfavorable weather conditions. Uncertainty around the timing of a new federal surface transportation funding bill also remains a concern.
Image Source: Zacks Investment Research
That said, demand remains healthy across the company’s markets, supported by solid project activity and continued infrastructure spending. Strong bidding activity, project lettings and contract awards are supporting business activity. Growth in data center construction also provides additional opportunities across existing markets.
ROAD’s Zacks Rank & Key Picks
Construction Partners currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks from the Construction sector are:
Everus Construction Group (ECG - Free Report) presently flaunts a Zacks Rank #1 (Strong Buy). The company delivered a trailing four-quarter earnings surprise of 57%, on average. ECG stock has jumped 34.5% year to date. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for ECG’s 2026 sales and EPS indicates growth of 23.4% and 32.9%, respectively, from the year-ago period’s levels.
Comfort Systems USA, Inc. (FIX - Free Report) sports a Zacks Rank #1 at present. The company delivered a trailing four-quarter earnings surprise of 34.6%, on average. FIX stock has surged 65.6% year to date.
The Zacks Consensus Estimate for Comfort Systems’ 2026 sales and EPS indicates growth of 38.3% and 58.8%, respectively, from the prior-year levels.
United Rentals, Inc. (URI - Free Report) has a Zacks Rank #2 (Buy) at present. The company delivered a trailing four-quarter earnings surprise of 1%, on average. URI stock has climbed 28.2% year to date.
The Zacks Consensus Estimate for United Rentals’ 2026 sales and EPS indicates growth of 9.6% and 15.4%, respectively, from the year-ago period’s levels.
View the Zacks #1 Rank List
Image: Bigstock
Construction Partners Expands Asphalt Operations With Oklahoma Deal
Key Takeaways
Construction Partners, Inc. (ROAD - Free Report) or CPI has acquired Asphalt Express Enterprises, LLC, a liquid asphalt supply and hauling business based in Ardmore, OK. The deal expands the company’s asphalt supply and transportation capabilities across Oklahoma and North Texas.
As part of the transaction, CPI’s Oklahoma platform company, Overland Corporation, acquired Asphalt Express’ rail-served industrial site in Ardmore, along with trucks and trailers used to transport liquid asphalt. The site currently receives liquid asphalt for delivery to customers.
Following the news, shares of ROAD declined 3.5% during trading hours yesterday.
ROAD to Develop Future Asphalt Terminal
CPI expects to develop the Ardmore location into a future liquid asphalt terminal serving operations in Oklahoma and North Texas. The planned terminal could improve access to a key raw material while providing greater flexibility in sourcing and transportation.
The acquisition also supports Construction Partners’ strategy to strengthen vertical integration and invest in assets that support construction and asphalt production. The addition of Asphalt Express’ transportation capabilities and experienced team further complements CPI’s existing operations in the region.
ROAD Stock's Price Performance
Shares of this Alabama-based civil infrastructure company have declined 22.3% in the past six months, underperforming the Zacks Building Products - Miscellaneous industry. The company’s prospects face pressure from higher energy costs and unfavorable weather conditions. Uncertainty around the timing of a new federal surface transportation funding bill also remains a concern.
Image Source: Zacks Investment Research
That said, demand remains healthy across the company’s markets, supported by solid project activity and continued infrastructure spending. Strong bidding activity, project lettings and contract awards are supporting business activity. Growth in data center construction also provides additional opportunities across existing markets.
ROAD’s Zacks Rank & Key Picks
Construction Partners currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks from the Construction sector are:
Everus Construction Group (ECG - Free Report) presently flaunts a Zacks Rank #1 (Strong Buy). The company delivered a trailing four-quarter earnings surprise of 57%, on average. ECG stock has jumped 34.5% year to date. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for ECG’s 2026 sales and EPS indicates growth of 23.4% and 32.9%, respectively, from the year-ago period’s levels.
Comfort Systems USA, Inc. (FIX - Free Report) sports a Zacks Rank #1 at present. The company delivered a trailing four-quarter earnings surprise of 34.6%, on average. FIX stock has surged 65.6% year to date.
The Zacks Consensus Estimate for Comfort Systems’ 2026 sales and EPS indicates growth of 38.3% and 58.8%, respectively, from the prior-year levels.
United Rentals, Inc. (URI - Free Report) has a Zacks Rank #2 (Buy) at present. The company delivered a trailing four-quarter earnings surprise of 1%, on average. URI stock has climbed 28.2% year to date.
The Zacks Consensus Estimate for United Rentals’ 2026 sales and EPS indicates growth of 9.6% and 15.4%, respectively, from the year-ago period’s levels.