Legacy Infrastructure Group, a Kansas City holding company for heavy civil and asphalt businesses, has acquired Constructors, Inc. and New Mexico Ready Mix, family-owned construction and materials companies based in Carlsbad, New Mexico. Legacy announced the deal on September 3, 2026, and the Kansas City Business Journal reported on it again on October 21. Both companies keep their brands and local leadership in New Mexico, and David Shoup continues to lead them.
The asset.
Constructors, Inc. is a third-generation heavy civil contractor that has served southeastern New Mexico and West Texas since 1958. Its work covers highway and road construction, commercial site development, asphalt paving, utility installation and structural concrete, backed by its own materials production.
New Mexico Ready Mix supplies ready-mix concrete and related materials to contractors, businesses and communities across southeastern New Mexico. For a contractor, owning that supply means steadier access to concrete and aggregate for its own crews and a second source of revenue from third-party customers.
The buyer.
Legacy was formed in 2022 by the leadership of Superior Bowen, a Kansas City asphalt paving and construction company founded in 1948, which became Legacy’s first operating company. Legacy has since added Haskell Lemon in Oklahoma City, J&R Constructors in Liberal, Kansas, and Construction Materials Testing Group in Kansas City. CEO Trey Bowen said Legacy has “tremendous respect for what the Shoup family and their teams have built” and added, “We’re not looking to come in and change what makes a great company great.”
Legacy is a privately held, family-led holding company, not a private equity fund. Each operating company keeps its own identity, leadership and local relationships, and Legacy provides shared resources, expertise and long-term investment. Shoup said the next chapter gives his team “additional resources and support while allowing us to continue doing what we do best.”
A contractor deal with materials attached.
The contracting business is the core of this deal. Constructors adds a new region, New Mexico and West Texas, to a group whose other companies are based in Missouri, Kansas and Oklahoma. It also brings the same mix Legacy already runs elsewhere: road building, paving and site development supported by owned materials. Legacy’s operating companies already combine asphalt paving and production, heavy civil construction, site development, utility infrastructure, construction materials and testing.
For civil contractors, that combination is often what buyers value most. Public highway and road work brings backlog and multi-year visibility. Owned plants and ready-mix capacity support margins and help win bids where supply is tight. Experienced crews and decades of local relationships are hard to build from scratch. Construction-focused buyers like Legacy pay for those things, and a larger, growing EBITDA base can matter as much as the multiple. We covered how buyers value project and service work differently in why private equity investors pay 18x for service and 8x for construction.
The civil M&A environment.
Heavy civil and site development is one of the most active corners of trades M&A this fall. This week alone, Construction Partners bought S.E. Cline Construction and its permitted asphalt plant site in Florida, and Southern Paving & Milling acquired Carolina Site in Charlotte. Buyers range from public road builders and PE-backed platforms to family-led holding companies like Legacy. We track the buyer universe on our Civil & Site Development page.
What it means.
For family-owned paving, highway and site contractors in the Southwest and Plains, Legacy offers a specific path: keep the name and the leadership, and join a larger group with shared resources. Owners comparing that with a sale to a public company or a PE platform should look at how each buyer values backlog, plants, pits and permits, how much of the price comes as cash versus equity in the group, and what happens to the next generation of management.
Frequently asked questions
Who acquired Constructors, Inc.?
Legacy Infrastructure Group, a Kansas City holding company formed in 2022 by the owners of Superior Bowen, acquired Constructors, Inc. and New Mexico Ready Mix. Legacy announced the deal on September 3, 2026.
What does Constructors, Inc. do?
Constructors, Inc. is a Carlsbad, New Mexico heavy civil contractor founded in 1958. It builds highways and roads, develops commercial sites, paves asphalt, installs utilities and pours structural concrete across southeastern New Mexico and West Texas.
Which companies are part of Legacy Infrastructure Group?
According to the September 3 release, Legacy’s companies are Superior Bowen, Haskell Lemon, J&R Constructors, Construction Materials Testing Group, Constructors, Inc. and New Mexico Ready Mix.
Running a family civil business and thinking about the next generation?
Schryver & Co. works with paving, highway and site contractors on what a sale or partnership could look like, from public road builders to holding companies that keep your name on the trucks. We can help you compare buyers on more than price, including how they value plants, backlog and your management team. Start with a confidential call at will@schryverco.com.
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