# EDGAR Filing Document

**Accession Number:** 0001718227
**File Stem:** 0001193125-25-282981
**Filing Date:** 2025-11
**Character Count:** 34546
**Document Hash:** 36fe35a5258ba14262a075dca338a08a
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-25-282981.hdr.sgml**: 20251114

**ACCESSION NUMBER**: 0001193125-25-282981

**CONFORMED SUBMISSION TYPE**: SCHEDULE 13G/A

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20251114

**DATE AS OF CHANGE**: 20251114

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Construction Partners, Inc.
- **CENTRAL INDEX KEY:** 0001718227
- **STANDARD INDUSTRIAL CLASSIFICATION:** HEAVY CONSTRUCTION OTHER THAN BUILDING CONST - CONTRACTORS [1600]
- **ORGANIZATION NAME:** 05 Real Estate & Construction
- **EIN:** 260758017
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0930

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13G/A
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 005-90470
- **FILM NUMBER:** 251486377

**BUSINESS ADDRESS:**
- **STREET 1:** 290 HEALTHWEST DR.
- **STREET 2:** SUITE 2
- **CITY:** DOTHAN
- **STATE:** AL
- **ZIP:** 36303
- **BUSINESS PHONE:** 334.673.9763

**MAIL ADDRESS:**
- **STREET 1:** 290 HEALTHWEST DR.
- **STREET 2:** SUITE 2
- **CITY:** DOTHAN
- **STATE:** AL
- **ZIP:** 36303
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** SunTx Capital II Management Corp.
- **CENTRAL INDEX KEY:** 0001833038

**ORGANIZATION NAME:**
- **EIN:** 262400986
- **STATE OF INCORPORATION:** TX

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13G/A

**BUSINESS ADDRESS:**
- **STREET 1:** 5420 LBJ FREEWAY
- **STREET 2:** SUITE 1000
- **CITY:** DALLAS
- **STATE:** TX
- **ZIP:** 75240
- **BUSINESS PHONE:** (972) 773-8900

**MAIL ADDRESS:**
- **STREET 1:** 5420 LBJ FREEWAY
- **STREET 2:** SUITE 1000
- **CITY:** DALLAS
- **STATE:** TX
- **ZIP:** 75240

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## SCHEDULE 13G

### Under the Securities Exchange Act of 1934

**(Amendment No. 8)**

**Issuer:** Construction Partners, Inc.

**Title of Class of Securities:** Class A Common Stock, par value $0.001 per share

**CUSIP Number:** 21044C107

**Date of Event Which Requires Filing of this Statement:** 09/30/2025

**Check the appropriate box to designate the rule pursuant to which this Schedule is filed:**

- [ ] Rule 13d-1(b)

- [ ] Rule 13d-1(c)

- [x] Rule 13d-1(d)

---

| 1. | Names of Reporting Persons<br>SunTx Capital II Management Corp. | Names of Reporting Persons<br>SunTx Capital II Management Corp. |
|:---|:---|:---|:---|
| 2. | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] |
| 3. | SEC Use Only | SEC Use Only |
| 4. | Citizenship or Place of Organization<br>TX | Citizenship or Place of Organization<br>TX |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 5. | Sole Voting Power<br>3743765 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 6. | Shared Voting Power<br>2180575 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 7. | Sole Dispositive Power<br>3743765 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 8. | Shared Dispositive Power<br>0 |
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person<br>5924340 | Aggregate Amount Beneficially Owned by Each Reporting Person<br>5924340 |
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] |
| 11. | Percent of Class Represented by Amount in Row (9)<br>11.0% | Percent of Class Represented by Amount in Row (9)<br>11.0% |
| 12. | Type of Reporting Person (See Instructions)<br>CO | Type of Reporting Person (See Instructions)<br>CO |

**Comment for Type of Reporting Person:** (1) In reference to rows 5, 7 and 9 above, consists of an aggregate of 3,743,765 shares of Class A Common Stock, $0.001 par value per share (Class A Common Stock), of Construction Partners, Inc. (the Issuer) issuable upon the conversion of (a) 2,488,322 shares of the Issuer's Class B Common Stock, $0.001 par value per share (Class B Common Stock), held by SunTx Capital Partners II, L.P. (SunTx Partners II), (b) 1,254,746 shares of Class B Common Stock held by SunTx Capital Partners II Dutch Investors, L.P. (SunTx Partners Dutch LP), (c) 674 shares of Class B Common Stock held by SunTx Capital II Management Corp. (SunTx Capital II Management) and (d) 23 shares of Class B Common Stock held by SunTx Capital Partners II G.P., L.P. (SunTx Partners II GP).

(2) In reference to rows 6 and 9 above, includes, as a result of the execution of a voting agreement, (a) (i) 46,093 shares of Class A Common Stock held by N. Nelson Fleming, IV and (ii) an aggregate of 341,877 shares of Class A Common Stock issuable upon the conversion of (x) 100,869 shares of Class B Common Stock held by N. Nelson Fleming, IV and (y) 241,008 shares of Class B Common Stock held by the Ned N. Fleming, IV 2013 Trust, (b) (i) 59,996 shares of Class A Common Stock held by Fred J. Smith, III, (ii) 9,333 shares of Class A Common Stock held by Tar Frog Investment Management, LLC (Tar Frog), a limited liability company for which N. Nelson Fleming, IV and Mr. Smith serve as co-managers, and, in such capacity, share the power to vote and direct the disposition of such shares, and (iii) an aggregate of 574,069 shares of Class A Common Stock issuable upon the conversion of (x) 433,497 shares of Class B Common Stock held by Mr. Smith and (y) 140,572 shares of Class B Common Stock held by Tar Frog, (c) (i) 102,610 shares of Class A Common Stock held by Grace Ltd. (Grace), a limited partnership for which Charles E. Owens serves as general partner and, in such capacity, has the power to vote and direct the disposition of such shares, and (ii) an aggregate of 1,007,069 shares of Class A Common Stock issuable upon conversion of (x) 1,000,000 shares of Class B Common Stock held by Grace and (y) 7,069 shares of Class B Common Stock held by Mr. Owens, and (d) an aggregate of 39,528 shares of Class A Common Stock held by Barrett N. Bruce issuable upon the conversion of (x) 38,991 shares of Class B Common Stock held by Mr. Bruce and (y) 537 shares of Class B Common Stock held by a 401(k) account for the benefit of Mr. Bruce.

(3) In reference to row 11 above, calculated based on (a) 47,949,084 shares of Class A Common Stock outstanding as of November 13, 2025 based on information provided by the Issuer and (b) an aggregate of 5,706,308 shares of Class B Common Stock, which are convertible into shares of Class A Common Stock by the Reporting Persons (as defined herein) within sixty (60) days of this Schedule 13G.

---

| 1. | Names of Reporting Persons<br>SunTx Capital Partners II G.P., L.P. | Names of Reporting Persons<br>SunTx Capital Partners II G.P., L.P. |
|:---|:---|:---|:---|
| 2. | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] |
| 3. | SEC Use Only | SEC Use Only |
| 4. | Citizenship or Place of Organization<br>TX | Citizenship or Place of Organization<br>TX |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 5. | Sole Voting Power<br>3743091 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 6. | Shared Voting Power<br>0 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 7. | Sole Dispositive Power<br>3743091 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 8. | Shared Dispositive Power<br>0 |
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person<br>3743091 | Aggregate Amount Beneficially Owned by Each Reporting Person<br>3743091 |
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] |
| 11. | Percent of Class Represented by Amount in Row (9)<br>7.2% | Percent of Class Represented by Amount in Row (9)<br>7.2% |
| 12. | Type of Reporting Person (See Instructions)<br>PN | Type of Reporting Person (See Instructions)<br>PN |

**Comment for Type of Reporting Person:** (1) In reference to rows 5, 7 and 9 above, consists of an aggregate of 3,743,091 shares of Class A Common Stock issuable upon the conversion of (a) 2,488,322 shares of Class B Common Stock held by SunTx Partners II, (b) 1,254,746 shares of Class B Common Stock held by SunTx Partners Dutch LP and (c) 23 shares of Class B Common Stock held by SunTx Partners II GP.

(2) In reference to row 11 above, calculated based on (a) 47,949,084 shares of Class A Common Stock outstanding as of November 13, 2025 based on information provided by the Issuer and (b) an aggregate of 3,743,091 shares of Class B Common Stock, which are convertible into shares of Class A Common Stock by the Reporting Persons within sixty (60) days of this Schedule 13G.

---

| 1. | Names of Reporting Persons<br>SunTx Captial Partners II, L.P. | Names of Reporting Persons<br>SunTx Captial Partners II, L.P. |
|:---|:---|:---|:---|
| 2. | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] |
| 3. | SEC Use Only | SEC Use Only |
| 4. | Citizenship or Place of Organization<br>DE | Citizenship or Place of Organization<br>DE |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 5. | Sole Voting Power<br>2488322 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 6. | Shared Voting Power<br>0 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 7. | Sole Dispositive Power<br>2488322 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 8. | Shared Dispositive Power<br>0 |
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person<br>2488322 | Aggregate Amount Beneficially Owned by Each Reporting Person<br>2488322 |
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] |
| 11. | Percent of Class Represented by Amount in Row (9)<br>4.9% | Percent of Class Represented by Amount in Row (9)<br>4.9% |
| 12. | Type of Reporting Person (See Instructions)<br>PN | Type of Reporting Person (See Instructions)<br>PN |

**Comment for Type of Reporting Person:** (1) In reference to rows 5, 7 and 9 above, consists of 2,488,322 shares of Class A Common Stock issuable upon the conversion of 2,488,322 shares of Class B Common Stock.

(2) In reference to row 11 above, calculated based on (a) 47,949,084 shares of Class A Common Stock outstanding as of November 13, 2025 based on information provided by the Issuer and (b) an aggregate of 2,488,322 shares of Class B Common Stock, which are convertible into shares of Class A Common Stock by SunTx Partners II within sixty (60) days of this Schedule 13G.

---

| 1. | Names of Reporting Persons<br>SunTx Capital Partners II Dutch Investors, L.P. | Names of Reporting Persons<br>SunTx Capital Partners II Dutch Investors, L.P. |
|:---|:---|:---|:---|
| 2. | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] |
| 3. | SEC Use Only | SEC Use Only |
| 4. | Citizenship or Place of Organization<br>DE | Citizenship or Place of Organization<br>DE |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 5. | Sole Voting Power<br>1254746 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 6. | Shared Voting Power<br>0 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 7. | Sole Dispositive Power<br>1254746 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 8. | Shared Dispositive Power<br>0 |
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person<br>1254746 | Aggregate Amount Beneficially Owned by Each Reporting Person<br>1254746 |
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] |
| 11. | Percent of Class Represented by Amount in Row (9)<br>2.6% | Percent of Class Represented by Amount in Row (9)<br>2.6% |
| 12. | Type of Reporting Person (See Instructions)<br>PN | Type of Reporting Person (See Instructions)<br>PN |

**Comment for Type of Reporting Person:** (1) In reference to rows 5, 7 and 9 above, consists of 1,254,746 shares of Class A Common Stock issuable upon the conversion of 1,254,746 shares of Class B Common Stock.

(2) In reference to row 11 above, calculated based on (a) 47,949,084 shares of Class A Common Stock outstanding as of November 13, 2025 based on information provided by the Issuer and (b) an aggregate of 1,254,746 shares of Class B Common Stock, which are convertible into shares of Class A Common Stock by SunTx Partners Dutch LP within sixty (60) days of this Schedule 13G.

---

| 1. | Names of Reporting Persons<br>Ned N. Fleming, III | Names of Reporting Persons<br>Ned N. Fleming, III |
|:---|:---|:---|:---|
| 2. | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] |
| 3. | SEC Use Only | SEC Use Only |
| 4. | Citizenship or Place of Organization<br>X1 | Citizenship or Place of Organization<br>X1 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 5. | Sole Voting Power<br>5443060 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 6. | Shared Voting Power<br>2180575 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 7. | Sole Dispositive Power<br>5419060 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 8. | Shared Dispositive Power<br>0 |
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person<br>7623635 | Aggregate Amount Beneficially Owned by Each Reporting Person<br>7623635 |
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] |
| 11. | Percent of Class Represented by Amount in Row (9)<br>13.8% | Percent of Class Represented by Amount in Row (9)<br>13.8% |
| 12. | Type of Reporting Person (See Instructions)<br>IN, HC | Type of Reporting Person (See Instructions)<br>IN, HC |

**Comment for Type of Reporting Person:** (1) In reference to rows 5 and 9 above, includes an aggregate of 5,418,892 shares of Class A Common Stock issuable upon the conversion (a) 100,015 shares of Class B Common Stock held by Mr. Fleming, 24,000 of which are restricted shares of Class B Common Stock that are not vested or do not vest within sixty (60) days of this Schedule 13G and, as a result, Mr. Fleming has the right to vote, but not to dispose or direct the disposition of, such shares, (b) 2,488,322 shares of Class B Common Stock held by SunTx Partners II, (c) 1,254,746 shares of Class B Common Stock held by SunTx Partners Dutch LP, (d) 674 shares of Class B Common Stock held by SunTx Capital II Management, (e) 23 shares of Class B Common Stock held by SunTx Partners II GP, (f) 4,000 shares of Class B Common Stock held by a trust of which Mr. Fleming's spouse is the sole trustee and sole beneficiary, (g) 1,535,857 shares of Class B Common Stock held by Malachi Holdings Limited Partnership, a limited partnership controlled by Mr. Fleming, (h) 10,621 shares of Class B Common Stock held by SunTx Capital Savings Plan, FBO Ned N. Fleming, III, a 401(k) account for the benefit of Mr. Fleming, (i) 272 shares of Class B Common Stock held by Boyle Fleming & Co. Inc., a corporation controlled by Mr. Fleming, and (j) 24,362 shares of Class B Common Stock held by NNFIII ROAD, LLC, a limited liability company controlled by Mr. Fleming.

(2) In reference to row 7 above, includes the shares listed in footnote 1 above that are vested or will vest within sixty (60) days of this Schedule 13G.

(3) In reference to rows 6 and 9 above, includes, as a result of the execution of a voting agreement, (a) (i) 46,093 shares of Class A Common Stock held by N. Nelson Fleming, IV and (ii) an aggregate of 341,877 shares of Class A Common Stock issuable upon the conversion of (x) 100,869 shares of Class B Common Stock held by N. Nelson Fleming, IV and (y) 241,008 shares of Class B Common Stock held by the Ned N. Fleming, IV 2013 Trust, (b) (i) 59,996 shares of Class A Common Stock held by Fred J. Smith, III, (ii) 9,333 shares of Class A Common Stock held by Tar Frog, and (iii) an aggregate of 574,069 shares of Class A Common Stock issuable upon the conversion of (x) 433,497 shares of Class B Common Stock held by Mr. Smith and (y) 140,572 shares of Class B Common Stock held by Tar Frog, (c) (i) 102,610 shares of Class A Common Stock held by Grace and (ii) an aggregate of 1,007,069 shares of Class A Common Stock issuable upon conversion of (x) 1,000,000 shares of Class B Common Stock held by Grace and (y) 7,069 shares of Class B Common Stock held by Mr. Owens, and (d) an aggregate of 39,528 shares of Class A Common Stock held by Barrett N. Bruce issuable upon the conversion of (x) 38,991 shares of Class B Common Stock held by Mr. Bruce and (y) 537 shares of Class B Common Stock held by a 401(k) account for the benefit of Mr. Bruce.

(4) In reference to row 11 above, calculated based on (a) 47,949,084 shares of Class A Common Stock outstanding as of November 13, 2025 based on information provided by the Issuer and (b) an aggregate of 7,381,435 shares of Class B Common Stock, which are convertible into shares of Class A Common Stock by the Reporting Persons within sixty (60) days of this Schedule 13G.

---

| 1. | Names of Reporting Persons<br>Craig Jennings | Names of Reporting Persons<br>Craig Jennings |
|:---|:---|:---|:---|
| 2. | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] |
| 3. | SEC Use Only | SEC Use Only |
| 4. | Citizenship or Place of Organization<br>X1 | Citizenship or Place of Organization<br>X1 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 5. | Sole Voting Power<br>4124046 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 6. | Shared Voting Power<br>2180575 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 7. | Sole Dispositive Power<br>4116046 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 8. | Shared Dispositive Power<br>0 |
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person<br>6304621 | Aggregate Amount Beneficially Owned by Each Reporting Person<br>6304621 |
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] |
| 11. | Percent of Class Represented by Amount in Row (9)<br>11.7% | Percent of Class Represented by Amount in Row (9)<br>11.7% |
| 12. | Type of Reporting Person (See Instructions)<br>IN, HC | Type of Reporting Person (See Instructions)<br>IN, HC |

**Comment for Type of Reporting Person:** (1) In reference to rows 5 and 9 above, includes an aggregate of 4,107,046 shares of Class A Common Stock issuable upon the conversion (a) 2,488,322 shares of Class B Common Stock held by SunTx Partners II, (b) 1,254,746 shares of Class B Common Stock held by SunTx Partners Dutch LP, (c) 674 shares of Class B Common Stock held by SunTx Capital II Management, (d) 23 shares of Class B Common Stock held by SunTx Capital Partners II GP, (e) 355,179 shares of Class B Common Stock held by CJCT Associates Limited Partnership, a limited partnership controlled by Mr. Jennings, (f) 102 shares of Class B Common Stock held by SunTx Capital Savings Plan FBO, Craig Jennings, a 401(k) account for the benefit of Mr. Jennings and (g) 8,000 shares of restricted Class B Common Stock held by Mr. Jennings, none of which will vest within sixty (60) days of this Schedule 13G.

(2) In reference to row 7 above, includes the shares listed in footnote 1 above that are vested or will vest within sixty (60) days of this Schedule 13G.

(3) In reference to rows 6 and 9 above, includes, as a result of the execution of a voting agreement, (a) (i) 46,093 shares of Class A Common Stock held by N. Nelson Fleming, IV and (ii) an aggregate of 341,877 shares of Class A Common Stock issuable upon the conversion of (x) 100,869 shares of Class B Common Stock held by N. Nelson Fleming, IV and (y) 241,008 shares of Class B Common Stock held by the Ned N. Fleming, IV 2013 Trust, (b) (i) 59,996 shares of Class A Common Stock held by Fred J. Smith, III, (ii) 9,333 shares of Class A Common Stock held by Tar Frog, and (iii) an aggregate of 574,069 shares of Class A Common Stock issuable upon the conversion of (x) 433,497 shares of Class B Common Stock held by Mr. Smith and (y) 140,572 shares of Class B Common Stock held by Tar Frog, (c) (i) 102,610 shares of Class A Common Stock held by Grace and (ii) an aggregate of 1,007,069 shares of Class A Common Stock issuable upon conversion of (x) 1,000,000 shares of Class B Common Stock held by Grace and (y) 7,069 shares of Class B Common Stock held by Mr. Owens, and (d) an aggregate of 39,528 shares of Class A Common Stock held by Barrett N. Bruce issuable upon the conversion of (x) 38,991 shares of Class B Common Stock held by Mr. Bruce and (y) 537 shares of Class B Common Stock held by a 401(k) account for the benefit of Mr. Bruce.

(4) In reference to row 11 above, calculated based on (a) 47,949,084 shares of Class A Common Stock outstanding as of November 13, 2025 based on information provided by the Issuer and (b) an aggregate of 6,069,589 shares of Class B Common Stock, which are convertible into shares of Class A Common Stock by the Reporting Persons within sixty (60) days of this Schedule 13G.

---

| 1. | Names of Reporting Persons<br>Mark R. Matteson | Names of Reporting Persons<br>Mark R. Matteson |
|:---|:---|:---|:---|
| 2. | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] |
| 3. | SEC Use Only | SEC Use Only |
| 4. | Citizenship or Place of Organization<br>X1 | Citizenship or Place of Organization<br>X1 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 5. | Sole Voting Power<br>4188278 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 6. | Shared Voting Power<br>2180575 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 7. | Sole Dispositive Power<br>4180278 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 8. | Shared Dispositive Power<br>0 |
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person<br>6368853 | Aggregate Amount Beneficially Owned by Each Reporting Person<br>6368853 |
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] |
| 11. | Percent of Class Represented by Amount in Row (9)<br>11.8% | Percent of Class Represented by Amount in Row (9)<br>11.8% |
| 12. | Type of Reporting Person (See Instructions)<br>IN, HC | Type of Reporting Person (See Instructions)<br>IN, HC |

**Comment for Type of Reporting Person:** (1) In reference to rows 5 and 9 above, includes an aggregate of 4,157,547 shares of Class A Common Stock issuable upon the conversion (a) 2,488,322 shares of Class B Common Stock held by SunTx Partners II, (b) 1,254,746 shares of Class B Common Stock held by SunTx Partners Dutch LP, (c) 674 shares of Class B Common Stock held by SunTx Capital II Management, (d) 23 shares of Class B Common Stock held by SunTx Capital II GP, (e) 400,715 shares of Class B Common Stock held by AMDG Associates Limited Partnership, a limited partnership controlled by Mr. Matteson, (f) 4,942 shares of Class B Common Stock held by AMDG Associates II, L.P., a limited partnership controlled by Mr. Matteson, (g) 125 shares of Class B Common Stock held by SunTx Capital Saving Plan FBO, Mark Matteson, a 401(k) account for the benefit of Mr. Matteson and (h) 8,000 restricted shares of Class B Common Stock held by Mr. Matteson, none of which will vest within sixty (60) days of this Schedule 13G.

(2) In reference to row 7 above, includes the shares listed in footnote 1 above that are vested or will vest within sixty (60) days of this Schedule 13G.

(3) In reference to rows 6 and 9 above, includes, as a result of the execution of a voting agreement, (a) (i) 46,093 shares of Class A Common Stock held by N. Nelson Fleming, IV and (ii) an aggregate of 341,877 shares of Class A Common Stock issuable upon the conversion of (x) 100,869 shares of Class B Common Stock held by N. Nelson Fleming, IV and (y) 241,008 shares of Class B Common Stock held by the Ned N. Fleming, IV 2013 Trust, (b) (i) 59,996 shares of Class A Common Stock held by Fred J. Smith, III, (ii) 9,333 shares of Class A Common Stock held by Tar Frog, and (iii) an aggregate of 574,069 shares of Class A Common Stock issuable upon the conversion of (x) 433,497 shares of Class B Common Stock held by Mr. Smith and (y) 140,572 shares of Class B Common Stock held by Tar Frog, (c) (i) 102,610 shares of Class A Common Stock held by Grace and (ii) an aggregate of 1,007,069 shares of Class A Common Stock issuable upon conversion of (x) 1,000,000 shares of Class B Common Stock held by Grace and (y) 7,069 shares of Class B Common Stock held by Mr. Owens, and (d) an aggregate of 39,528 shares of Class A Common Stock held by Barrett N. Bruce issuable upon the conversion of (x) 38,991 shares of Class B Common Stock held by Mr. Bruce and (y) 537 shares of Class B Common Stock held by a 401(k) account for the benefit of Mr. Bruce.

(4) In reference to row 11 above, calculated based on (a) 47,949,084 shares of Class A Common Stock outstanding as of November 13, 2025 based on information provided by the Issuer and (b) an aggregate of 6,120,090 shares of Class B Common Stock, which are convertible into shares of Class A Common Stock by the Reporting Person within sixty (60) days of this Schedule 13G.

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**Item 1(a). Name of Issuer:**
Construction Partners, Inc.

**Item 1(b). Address of Issuer's Principal Executive Offices:**
290 Healthwest Drive, Suite 2, Dothan, Alabama 36303

**Item 2(a). Name of Person Filing:**
This statement is jointly filed by and on behalf of each of SunTx Capital II Management, SunTx Partners II GP, SunTx Partners II, SunTx Partners Dutch LP, Ned N. Fleming, III, Craig Jennings and Mark Matteson (collectively referred to herein as the Reporting Persons).

SunTx Partners II GP is the general partner of each of SunTx Partners II and SunTx Partners Dutch LP. SunTx Capital II Management is the general partner of SunTx Partners II GP. Mr. Fleming, a director of the Issuer, is the majority shareholder and sole director of SunTx Capital II Management. Mr. Jennings and Mr. Matteson, each a director of the Issuer, are each shareholders of SunTx Capital II Management.

**Item 2(b). Address of Principal Business Office:**
The address of the principal business office of each of the Reporting Persons is 5420 LBJ Freeway, Suite 950, Dallas, Texas 75240.

**Item 2(c). Citizenship:**
(i) SunTx Capital II Management is a Texas corporation; (ii) SunTx Partners II GP is a Texas limited partnership; (iii) SunTx Partners II is a Delaware limited partnership; (iv) SunTx Partners Dutch LP is a Delaware limited partnership; (v) Mr. Fleming is a citizen of the United States; (vi) Mr. Jennings is a citizen of the United States; and (vii) Mr. Matteson is a citizen of the United States.

**Item 2(d). Title of Class of Securities:**
Class A Common Stock, par value $0.001 per share

**Item 2(e). CUSIP Number:**
21044C107

**Item 3. If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:**

(a) [ ] Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o).

(b) [ ] Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).

(c) [ ] Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c).

(d) [ ] Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8).

(e) [ ] An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);

(f) [ ] An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);

(g) [ ] A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);

(h) [ ] A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);

(i) [ ] A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);

(j) [ ] A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), if filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:

(k) [ ] Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).

**Item 4. Ownership:**

**(a) Amount beneficially owned:**

Row 9 of each of the cover pages to this Schedule 13G is incorporated herein by reference.
Each of the Reporting Persons expressly disclaims beneficial ownership of all shares of Class A Common Stock reported herein other than those shares such Reporting Person holds directly.
Each of the Reporting Persons declares that neither the filing of this statement nor anything herein shall be construed as an admission that such Reporting Person is, for the purposes of Section 13(d) or 13(g) of the Securities Exchange Act of 1934, as amended (the "Act"), or any other purpose, the beneficial owner of any securities covered by this statement.
Each of the Reporting Persons may be deemed to be a member of a group with respect to the Issuer or securities of the Issuer for the purposes of Section 13(d) or 13(g) of the Act. Each of the Reporting Persons declares that neither the filing of this statement nor anything herein shall be construed as an admission that such Reporting Person is, for the purposes of Section 13(d) or 13(g) of the Act or any other purpose, (i) acting (or has agreed or is agreeing to act together with any other person) as a partnership, limited partnership, syndicate, or other group for the purpose of acquiring, holding, or disposing of securities of the Issuer or otherwise with respect to the Issuer or any securities of the Issuer or (ii) a member of any group with respect to the Issuer or any securities of the Issuer.

**(b) Percent of class:**

Row 11 of each the cover pages to this Schedule 13G is incorporated herein by reference.

**(c) Number of shares as to which the person has:**

**(i) Sole power to vote or to direct the vote:**

Row 5 of each of the cover pages to this Schedule 13G is incorporated herein by reference.

**(ii) Shared power to vote or to direct the vote:**

Row 6 of each of the cover pages to this Schedule 13G is incorporated herein by reference.

**(iii) Sole power to dispose or to direct the disposition of:**

Row 7 of each of the cover pages to this Schedule 13G is incorporated herein by reference.

**(iv) Shared power to dispose or to direct the disposition of:**

Row 8 of each of the cover pages to this Schedule 13G is incorporated herein by reference.

**Item 5. Ownership of Five Percent or Less of a Class.**

[x] If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following.

**Item 6. Ownership of More than 5 Percent on Behalf of Another Person.**

Not Applicable

**Item 7. Identification and Classification of the Subsidiary**

See Item 2(a) above.

**Item 8. Identification and Classification of Members of the Group**

Not Applicable

**Item 9. Notice of Dissolution of Group**

Not Applicable

**Item 10. Certification:**

—

### SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**SunTx Capital II Management Corp.**

**Date:** 11/14/2025

**By:** /s/ Ned N. Fleming, III

**Name & Title:** Director

**SunTx Capital Partners II G.P., L.P.**

**Date:** 11/14/2025

**By:** By: SUNTX CAPITAL II MANAGEMENT CORP., its general partner, By: /s/ Ned N. Fleming, III

**Name & Title:** Director of SunTx Capital II Management Corp.

**SunTx Captial Partners II, L.P.**

**Date:** 11/14/2025

**By:** By: SUNTX CAPITAL PARTNERS II G.P., L.P., its general partner, By: SUNTX CAPITAL II MANAGEMENT CORP., its general partner, By: /s/ Ned N. Fleming, III

**Name & Title:** Director of SunTx Capital II Management Corp.

**SunTx Capital Partners II Dutch Investors, L.P.**

**Date:** 11/14/2025

**By:** By: SUNTX CAPITAL PARTNERS II G.P., L.P., its general partner, By: SUNTX CAPITAL II MANAGEMENT CORP., its general partner, By: /s/ Ned N. Fleming, III

**Name & Title:** Director of SunTx Capital II Management Corp.

**Ned N. Fleming, III**

**Date:** 11/14/2025

**By:** /s/ Ned N. Fleming, III

**Name & Title:** Ned N. Fleming, III

**Craig Jennings**

**Date:** 11/14/2025

**By:** /s/ Craig Jennings

**Name & Title:** Craig Jennings

**Mark R. Matteson**

**Date:** 11/14/2025

**By:** /s/ Mark R. Matteson

**Name & Title:** Mark R. Matteson