Elder Bray & Bankler Advises J.H. Strain on Asset Sale to CPI

San Antonio-based corporate law firm Elder Bray & Bankler PC advised J.H. Strain & Sons, Inc. on the divestiture of its asphalt manufacturing and construction assets to Construction Partners, Inc. (CPI), according to a statement released October 28, 2026. The transaction also included a related sale of J.H. Strain & Sons' aggregates and quarry operations.

The deal represents a significant transfer of assets within the construction materials sector, with CPI acquiring operational holdings that span both asphalt production and raw materials extraction. Elder Bray & Bankler served as legal counsel to the seller throughout the transaction process.

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J.H. Strain & Sons, a family-named enterprise, exits the asphalt and aggregates business through what appears to be a comprehensive asset-based transaction rather than a stock sale, a structure commonly used to allow buyers to selectively acquire operational components while managing liability exposure. The involvement of a specialized corporate law firm underscores the complexity typically associated with multi-asset construction industry deals.

Construction Partners, Inc. is a publicly traded civil infrastructure construction company that has pursued regional acquisitions as part of its growth strategy across the southern United States. The addition of asphalt manufacturing capacity and quarry operations would align with CPI's vertically integrated business model in the road construction and infrastructure space.

Continue reading at Real Estate for the full transaction details and official statements from the parties involved.