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

San Antonio-based corporate law firm Elder Bray & Bankler PC advised Texas construction company J.H. Strain & Sons, Inc. on the divestiture of its asphalt manufacturing and construction assets to Construction Partners, Inc., commonly known as CPI, according to an announcement dated Oct. 28, 2026.

The transaction also encompassed a related sale of J.H. Strain & Sons' aggregates and quarry operations, signaling a broad exit by the company from its core materials and construction businesses. The dual-track deal structure — separating the asphalt construction assets from the aggregates and quarry side — reflects a layered approach to unwinding operations that span multiple segments of the construction supply chain.

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Elder Bray & Bankler, which focuses on corporate law matters, served as legal counsel throughout the transaction. The firm's role in advising on both the asset sale and the real estate components underscores the complexity of deals involving heavy industrial operations, where physical plant and land holdings often carry significant independent value alongside the operating business.

Construction Partners, Inc. is a publicly traded civil construction company active across the southeastern United States, and acquisitions of regional asphalt and aggregates operators represent a recognizable part of its growth strategy in fragmented local markets. The addition of J.H. Strain & Sons' assets could expand CPI's material production and construction capacity in Texas.

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