Construction Partners, Inc. Acquires John G. Walton Construction Company

Author

Slice of Construction Team
September 16, 2024

Key Highlights:

  • Construction Partners, Inc. acquires John G. Walton Construction Company, headquartered in Mobile, Alabama.

  • Acquisition includes hot-mix asphalt plant with strategic access by water and rail.

  • Expands presence in Mobile metro and southwestern Alabama markets.

  • Company now has plants in the four largest Alabama markets.

Source: PR Newswire

Notable Quote:

❝

"We are pleased to announce today's acquisition of John G. Walton Construction Company. With a strategic hot-mix asphalt plant site accessible by both water and rail, this transaction provides us with an exceptional location from which to begin serving the dynamic and rapidly growing Mobile metro area."

Fred J. (Jule) Smith, III, President and CEO at Construction Partners Inc

Our Take:

This acquisition marks a significant step for Construction Partners, Inc. as it further strengthens its foothold in the southeastern U.S. infrastructure market, particularly in Alabama. The addition of a hot-mix asphalt plant in the Mobile area is a strategic move, leveraging prime transportation access via water and rail to serve the rapidly growing market. With plants now in the four largest markets in Alabama, Construction Partners is well-positioned to capitalize on infrastructure development opportunities in both public and private sectors across the region. This acquisition showcases the company’s commitment to expanding its operational capabilities and securing its role as a key player in civil infrastructure.