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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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      "kind": "callout",
      "text": "We identified two recent Enforcement Actions against ACE Aggregates, LLC (\"ACE\") which were settled prior to its recent acquisition by ROAD. ACE is now a wholly owned subsidiary of ROAD and is estimated to be its biggest aggregate producer in TX.",
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      "text": "We identified two recent Enforcement Actions against ACE Aggregates, LLC (\"ACE\") which were settled prior to its recent acquisition by ROAD.",
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      "text": "TCEQ Agreed Order 2021-1142-EAQ-E",
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      "text": "Source: Texas Commission on Environmental Quality, Administrative Orders",
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      "kind": "title",
      "text": "ROAD's New Subsidiary ACE Aggregates, LLC Has Faced Multiple Regulatory Enforcements",
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      "objective": "How does ROAD's acquisition of Lone Star Paving compare to industry benchmarks?",
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