Akin Gump Advises Construction Partners in Initial Public Offering

(Dallas) – Construction Partners, Inc., specializing in the construction and maintenance of roadways across five southeastern states, has announced the closing of its initial public offering of 11.25 million shares of its Class A common stock at $12 per share. Akin Gump advised the company in the IPO.

Construction Partners sold 9 million shares, and certain selling stockholders sold 2.25 million shares. The shares began trading on The Nasdaq Global Select Market on May 4 under the ticker symbol “ROAD.”

The Akin Gump team advising Construction Partners included corporate partners Garrett DeVries and Terry Schpok, investment management partner James Deeken, corporate senior counsel Sean Gurgle, and corporate associates John Clayton, Meagan Lanier, Alex Poor and Katie Bailey.

Founded in 1945, Akin Gump Strauss Hauer & Feld LLP is a leading international law firm with more than 900 lawyers in offices throughout the United States, Europe, Asia and the Middle East.

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