Civil builder Construction Partners has entered into an agreement to acquire Lone Star Paving for $654 million in cash and 3 million shares, the Dothan, Alabama-based infrastructure firm announced ...

Construction Partners Inc. (Nasdaq: ROAD) will pay $654 million in cash and 3 million shares of stock for Lone Star Paving, legally known as Asphalt Inc. LLC, according to an Oct. 21 announcement.

Lone Star is a vertically integrated asphalt manufacturing and paving company, with 10 hot-mix asphalt plants, four aggregate facilities, and one liquid asphalt terminal supporting its operations.

Dothan’s Construction Partners plans to acquire Texas-based Asphalt Inc., also known as Lone Star Paving, in a deal worth $654 million. Lone Star, headquartered in Austin, is a vertically ...

Austin-based Lone Star Paving is set to be acquired by an Alabama-based company aiming to break into the Central Texas construction market in a deal valued at up to $950 million.

Austin-based Lone Star Paving is set to be acquired by an Alabama-based company aiming to break into the Central Texas construction market in a deal valued at up to $950 million.