Construction Partners is a civil infrastructure company focused on asphalt paving and road construction across eight Sunbelt states. The company builds and maintains highways, roads, bridges, airports, and commercial and residential sites, with public-sector customers — state DOTs, federal agencies, and municipalities — making up roughly 65% of revenue. Construction Partners wins public projects through competitive bidding and private projects through negotiated or bid contracts. The core product is hot mix asphalt (HMA) paving: the company manufactures HMA at its own plants and deploys it across the full construction cycle, from site clearing and grading through finished pavement. Beyond its own use, Construction Partners also sells HMA to third parties, mines aggregates, and operates liquid asphalt terminals — creating a vertically integrated model that captures margin at multiple steps in the value chain and reduces exposure to input cost volatility. Profitability is driven by three levers: operating in growing Sunbelt markets that support pricing discipline, vertical integration from raw material through finished pavement, and spreading fixed costs over a growing revenue base. The business is seasonal, with the majority of revenue and EBITDA concentrated in the spring and summer construction season. Growth comes from acquisitions — targeting family-owned platform companies in new states and bolt-on deals to add plants and crews — layered on top of roughly 8–10% annual organic growth. Construction Partners' "ROAD 2030" plan targets revenues exceeding $6B by FY30, up from ~$2.8B in FY25.