ARDMORE, OK — Construction Partners, Inc. (CPI), a vertically integrated civil infrastructure company specializing in the construction and maintenance of roadways in local markets across the Sunbelt, announces that it has acquired Overland Corporation (Overland), an asphalt manufacturing and paving company headquartered in Ardmore, Oklahoma. From its eight hot-mix asphalt plants, Overland provides paving services throughout southern and western Oklahoma and northern Texas on a variety of public, commercial, and residential projects.

"With today's transaction, we are pleased to enter our eighth state and to welcome Overland Corporation to the CPI family of companies," said Fred J. Smith, III, CPI's President and Chief Executive Officer. "Under the leadership of its Founder and Owner, Reggie Sullivan, Overland has grown to become one of the top infrastructure contractors in Oklahoma and is well-positioned to benefit from the strong asphalt markets in Oklahoma and northern Texas as the Dallas metro area continues to expand northward.

"We have known and respected Darren Ratajski, Overland's President, for many years, and we are excited to support the Overland team as they execute on numerous organic and acquisitive growth opportunities in their local markets. This acquisition is an ideal fit from a cultural and operational perspective and is consistent with our strategy of reducing CPI's leverage ratio to approximately 2.5x in the next four to six quarters to support sustained, profitable growth."