FMI Advises Overland Corporation in Sale to Construction Partners, Inc.
FMI Capital Advisors is pleased to announce the sale of Overland Corporation (Overland) to Construction Partners, Inc. (CPI), a vertically integrated civil infrastructure company specializing in the construction and maintenance of roadways in local markets across the Sunbelt. FMI Capital Advisors served as the exclusive sell-side financial advisor to Overland for this transaction.
Headquartered in Ardmore, Oklahoma, Overland is a premier asphalt manufacturing and paving company with over 40 years of industry experience. Operating eight hot-mix asphalt plants, Overland provides paving services throughout southern and western Oklahoma and northern Texas. The company has a robust portfolio of public, commercial and residential projects, including roads, bridges, airfields, site development and highway paving.
"Working with the FMI Capital Advisors team was the best—I cannot imagine having a better partner for this process," said Reggie Sullivan, owner of Overland. "Their team's strategic guidance, deep market expertise and commitment to maximizing value made this a truly transformative experience. The transaction with CPI ensures Overland's continued growth and provides an exciting path forward for our employees, customers and partners.”
About Overland Corporation
Overland Corporation (Overland) brings over four decades of expertise in asphalt manufacturing and paving services. Headquartered in Ardmore, Oklahoma, Overland operates eight hot-mix asphalt plants, delivering superior paving services across southern and western Oklahoma and northern Texas. Guided by the company’s commitment to safety, quality and customer satisfaction, Overland strives to set the industry standard for excellence. To learn more, visit www.overlandcorporation.com.
About Construction Partners, Inc.
Construction Partners, Inc. is a vertically integrated civil infrastructure company operating in local markets throughout the Sunbelt in Alabama, Florida, Georgia, North Carolina, Oklahoma, South Carolina, Tennessee and Texas. Supported by its hot-mix asphalt plants, aggregate facilities and liquid asphalt terminals, CPI focuses on the construction, repair and maintenance of surface infrastructure. Publicly funded projects make up the majority of its business and include local and state roadways, interstate highways, airport runways and bridges. The company also performs private sector projects that include paving and sitework for office and industrial parks, shopping centers, local businesses and residential developments. To learn more, visit www.constructionpartners.net.
About FMI Capital Advisors:
FMI Capital Advisors has fully dedicated and deeply experienced investment banking teams advising clients on merger and acquisition (M&A) transactions across the built environment. We maximize value for our clients through deep market knowledge, strong technical expertise and an unparalleled network of industry relationships. Our Construction Materials team has a combined 35 plus years of experience and has completed more than 100 transactions in the sector. For more information, visit fmicapitaladvisors.com.
FMI Capital Advisors Contacts:
George Reddin
Managing Director
919.349.1919
[email protected]
Rob Mineo
Managing Director
919.539.6861
[email protected]