Quarterly report pursuant to Section 13 or 15(d)

Subsequent Events

v3.25.0.1
Subsequent Events
 3 Months Ended
Dec. 31, 2024
Subsequent Events [Abstract]  
Subsequent Events Subsequent Events
Oklahoma Acquisition

On January 2, 2025, the Company acquired all the outstanding capital stock of Overland Corporation, an asphalt manufacturing and paving company headquartered in Ardmore, Oklahoma, for $121.1 million, which was paid from available cash and a draw from the Revolving Credit Facility. The transaction established the Company’s first platform company in Oklahoma and added eight HMA plants across southern and western Oklahoma. Overland Corporation also provides paving services in northern Texas. The total amount of consideration for this transaction remains subject to post-closing adjustments with respect to working capital and other matters as of the date of this report.
Alabama Acquisition
On February 3, 2025, the Company acquired substantially all of the assets of Mobile Asphalt Company LLC, an asphalt manufacturing and paving company headquartered in Theodore, Alabama, for $55.8 million, which was paid from available cash and a draw from the Revolving Credit Facility. The transaction added five HMA plants and expanded the Company’s operations in the greater Mobile and southwestern Alabama market areas. The total amount of consideration for this transaction remains subject to post-closing adjustments with respect to working capital and other matters as of the date of this report.