Quarterly report pursuant to Section 13 or 15(d)

Subsequent Events

Subsequent Events
9 Months Ended
Jun. 30, 2022
Subsequent Events [Abstract]  
Subsequent Events Subsequent EventsOn July 1, 2022, the Company entered into a $300.0 million notional interest rate swap agreement to hedge against SOFR interest rate fluctuations on a portion of its variable rate debt. The agreement provides for a fixed rate of 1.85% and a term through June 30, 2027. The agreement was designated as a cash flow hedge. The Company received a credit of $12.6 million under the "blend and extend" arrangement utilizing the fair values of the existing interest rate swap agreements at June 30, 2022.On August 1, 2022, the Company acquired substantially all of the assets of Southern Asphalt, Inc., an asphalt paving company headquartered in Conway, South Carolina. The acquisition was funded from borrowings under our delayed draw term loan in the amount of $25.2 million. The final amount of consideration for the acquisition remains subject to post-closing adjustments that are in the process of being completed with respect to inventory and certain assumed liabilities. The transaction extended the Company's footprint into eastern South Carolina and added two HMA plants in the Myrtle Beach, South Carolina metro area.