US roadways specialist Construction Partners launches IPO

The Southeast US-focused roadways construction and maintenance specialist Construction Partners has announced an underwritten initial public offering (IPO). The Alabama firm is offering 6,750,000 shares, and certain selling stockholders are offering 4,500,000 shares, adding up to a total of 11,250,000 shares of Class A common stock. Construction Partners hopes to raise up to US$114.75 million…