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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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  "notes": "The slide uses two distinct tables to categorize related-party compensation versus business payments.",
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      "text": "Rarely has Spruce Point seen a public company with a multibillion-dollar value have so many hires and dealings with related-parties.",
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      "text": "Total Payments To Related Parties: $10,710,000",
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      "text": "Source: Proxy Statement",
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      "text": "Exceedingly High Number of Related Parties",
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      "objective": "What is the potential downside risk to ROAD's share price?",
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