Haynes Boone represented Construction Partners, Inc. (NASDAQ: ROAD) in its acquisition of Durwood Greene Construction Co. and G&S Asphalt, Inc. (d/b/a American Materials, Inc.), an asphalt manufacturing and construction business headquartered in Stafford, Texas.
Construction Partners is a vertically integrated civil infrastructure company specializing in the construction and maintenance of roadways across eight Sunbelt states. The transaction expands Construction Partners’ operational footprint in the fast-growing Houston metropolitan area, adding three hot-mix asphalt plants and a rail-serviced aggregates terminal.
Durwood Greene, a third-generation family business with nearly 200 employees, provides construction and paving services for public and private projects throughout the Houston area.
The transaction strengthens CPI's Texas presence following its $950 million acquisition of Lone Star Paving in 2024 and its January 2025 purchase of Oklahoma-based Overland Corporation.
"This acquisition further solidifies Construction Partners’ disciplined expansion in Texas, one of the nation's most attractive infrastructure markets," Haynes Boone M&A Partner Kellie Bobo said. "We're honored to continue supporting their growth strategy and helping them capitalize on vertical integration opportunities across their platform."
Bobo led the Haynes Boone deal team along with Associates Rachael Williams, Taylor Calvert and Janet Wyse.
The cross-practice team also included:
- Finance Partner Paul Amiel and Associate Laura Shapiro
- Employee Benefits Partner Scott Thompson
- Labor and Employment Partner Raquel Alvarenga and Associate Sean Lewis
- Real Estate Partner Bradley Holdbrook and Associates Mary Claire Cranford and Ashley Schneider
- Tax Partner Don Shiman and Associate Annie Lawson
- Environmental Partner Mary Simmons Mendoza
Haynes Boone’s M&A Practice Group has comprehensive experience handling middle-market deals, having helped clients close more than 500 transactions in the last five years, with an aggregate value exceeding $50 billion. The firm routinely represents private equity firms, closely held corporations, founders, large financial institutions and Fortune 500 public companies.
