Elder Bray & Bankler Advises on J.H. Strain & Sons Asset Sale
Law firm Elder Bray & Bankler acted as counsel for J.H. Strain & Sons in the divestiture of its asphalt, construction, and quarry assets to Construction Partners.
Corporate law firm Elder Bray & Bankler PC has concluded its advisory role in the sale of J.H. Strain & Sons, Inc. assets to Construction Partners, Inc. (CPI). The transaction encompasses the divestiture of the company's asphalt manufacturing and construction infrastructure, alongside its aggregate and quarry operations.
The deal allows Construction Partners to expand its operational footprint in the sector by acquiring J.H. Strain & Sons' established production capabilities. The financial terms of the asset sale remain undisclosed.
Elder Bray & Bankler provided legal counsel throughout the negotiations and closing process. The transaction marks a strategic transition for the San Antonio-based seller as it divests its core industrial units to a larger industry participant.