Dividend Power Score
A single, comprehensive score designed to measure the true strength of a company’s dividend.
This score combines three essential pillars of dividend quality:
Consistency – Measures how reliable the dividend has been over time, focusing on payment history, stability, and the absence of cuts or suspensions.
Payability – Assesses the company’s financial ability to sustain its dividend, taking into account cash flow, earnings coverage, balance sheet strength, and overall financial health.
Growth – Evaluates the long-term growth of both the dividend and the company’s share price, highlighting businesses that consistently increase payouts while creating shareholder value.
Higher scores identify companies that have historically delivered dependable income alongside sustained dividend growth and long-term capital appreciation.
Company Overview
ACMAT Corporation (ACMT) is a U.S.-based infrastructure and construction materials company primarily engaged in heavy civil construction, site development, and the production of construction aggregates and asphalt. The company operates within the construction materials, infrastructure construction, and environmental services industries, serving both public-sector and private-sector customers. Its core activities support transportation infrastructure, commercial and industrial development, and municipal projects.
The company’s primary revenue drivers include aggregate quarrying, asphalt production, paving, site work, and large-scale civil construction contracts. ACMAT Corporation has developed a vertically integrated operating model, controlling materials production and construction execution, which provides cost efficiencies and project reliability. Founded in 1957, the company has grown from a regional site contractor into a diversified infrastructure services provider through organic expansion and acquisitions, maintaining a long-standing presence in the northeastern United States.
Business Operations
ACMAT Corporation conducts its operations through multiple construction-focused business units, including Tilcon Connecticut Inc., Tilcon New York Inc., and O&G Industries, which collectively handle aggregate production, asphalt manufacturing, paving, and heavy civil construction. Revenue is generated through long-term public infrastructure contracts, private commercial development projects, and the sale of construction materials to third parties.
Operations are predominantly domestic, with activities concentrated in the northeastern U.S. The company controls significant physical assets, including quarries, asphalt plants, ready-mix facilities, and specialized construction equipment. Its subsidiaries frequently work with state departments of transportation, municipalities, utilities, and large private developers. Data inconclusive based on available public sources regarding material international operations or joint ventures outside the U.S.
Strategic Position & Investments
The strategic focus of ACMAT Corporation centers on infrastructure renewal, materials self-sufficiency, and disciplined capital investment in fixed assets such as quarries and production facilities. Growth initiatives emphasize expanding aggregate reserves, modernizing asphalt plants, and pursuing large-scale public infrastructure projects aligned with federal and state transportation funding.
The company has historically expanded through acquisitions of regional construction and materials firms, most notably the acquisition of O&G Industries, which significantly broadened its materials footprint and vertical integration. ACMAT Corporation is also active in environmentally regulated construction and remediation-related work, though involvement in emerging technologies or non-core sectors cannot be conclusively verified based on available public disclosures.
Geographic Footprint
ACMAT Corporation operates primarily in the Northeastern United States, with its headquarters located in Connecticut. Its core markets include Connecticut, New York, New Jersey, and surrounding states, where it maintains quarries, asphalt plants, and construction offices.
The company’s market presence is regional rather than global, with no verified evidence of permanent operations outside the U.S. However, its infrastructure projects influence regional transportation networks and urban development across multiple states, giving it a significant operational footprint within its core geography.
Leadership & Governance
ACMAT Corporation is privately controlled, with leadership historically linked to the company’s founding family. Governance emphasizes long-term asset stewardship, conservative financial management, and operational execution in regulated infrastructure markets.
Key executives include:
- Francis A. Albano Jr. – Chairman
- Kevin P. Hennessy – President
- James P. Ray Jr. – Chief Executive Officer
- John P. Gallivan – Chief Financial Officer
The leadership philosophy prioritizes vertical integration, safety, regulatory compliance, and sustained investment in infrastructure assets. Data inconclusive based on available public sources regarding formalized ESG frameworks or publicly stated long-term strategic roadmaps.