Deutsche Bank AG Raises Stake in Construction Partners, Inc. (NASDAQ:ROAD)

Deutsche Bank AG, a multinational investment bank and financial services company headquartered in Frankfurt, Germany, has announced that it has increased its stake in Construction Partners, Inc. NASDAQROAD by 17.0% in the third quarter of the year. According to the company's most recent disclosure with the Securities and Exchange Commission (SEC), Deutsche Bank AG owned 21,212 shares of Construction Partners, Inc.'s stock after purchasing an additional 3,080 shares during the period.

Construction Partners, Inc. is a leading provider of construction services in the United States, offering a range of solutions including design-build, general contracting, and program management for commercial, industrial, and institutional clients. The company operates in various markets across the country, including the Northeast, Mid-Atlantic, Southeast, Southwest, and West regions.

Deutsche Bank AG's decision to increase its stake in Construction Partners, Inc. reflects the bank's confidence in the company's growth prospects and potential for long-term success. The bank has been a significant investor in the construction industry for many years and has a strong track record of identifying promising opportunities and providing strategic support to its portfolio companies.

The third quarter of 2021 was a period of strong performance for Construction Partners, Inc., with the company reporting revenue growth of 34% year-over-year and net income of $57.9 million. The company's solid financial performance is driven by its diverse portfolio of projects, which includes a range of industries such as healthcare, education, and technology.

Overall, Deutsche Bank AG's decision to increase its stake in Construction Partners, Inc. reflects the bank's continued commitment to supporting the growth and success of companies in the construction industry. With its strong financial position and growth prospects, Construction Partners, Inc. is well-positioned to benefit from Deutsche Bank AG's strategic support and expertise.