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  "documentTitle": "Construction Partners, Inc. (ROAD)",
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  "authorName": "Spruce Point Capital Management",
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  "presentationDate": "2025-01-23 00:00:00",
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      "text": "1. Executive Summary\n2. We Believe ROAD Is A Roll-Up Facing More Pressures Than Investors Realize\n3. ROAD's Biggest Customer Is The Florida DOT; A Recent FOIA Suggests Forthcoming Financial Pressures\n4. We Believe ROAD's Levered Acquisition Expansions To Texas And Oklahoma Are Problematic And Deflect Attention Away From Florida\n5. We See 35% – 50% Downside Risk To ROAD's Share Price",
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