CRH to acquire US-based Arcosa in $8.5 billion all-cash deal

World Construction Network··Read original
4▲4 ▼0Impact / 5
Summary · why it matters

Irish construction solutions provider CRH has agreed to acquire US-based infrastructure materials company Arcosa in an all-cash transaction valued at approximately $8.5 billion. The deal offers Arcosa shareholders $150 per share, a 25% premium to the 60-day volume weighted average price as of June 18, and is expected to close in the first quarter of 2027 pending shareholder and regulatory approvals. CRH values Arcosa at an estimated acquisition multiple of 11.5 times its projected 2026 adjusted EBITDA and anticipates annual run-rate cost synergies of $175 million within three years. Arcosa operates 109 quarries and yards, nine asphalt plants, and 19 terminals, with expected annual aggregate shipments of around 35 million tonnes and a top-three US market position in engineered structures. CRH plans to fund the transaction through available cash and committed debt financing, with J.P. Morgan and Morgan Stanley as financial advisors and Kirkland & Ellis as legal counsel, while Arcosa is advised by Evercore and Goldman Sachs with legal guidance from Gibson Dunn and Baker Botts.

Impact on assets 5

Financials▲ · 3 stocks
Morgan Stanley
MS
▲ PositiveCapitalrelevance

Serves as financial advisor to CRH, generating advisory fees.

Energy Transition & Power Demand▲ · 1 stocks
Arcosa Inc
ACA
▲ PositiveCapitalrelevance

Acquired at a 25% premium to recent price, $150/share all-cash deal.

Materials▲ · 1 stocks

Off-coverage companies 3

Baker Botts L.L.P.Private± Mixed
relevance

Gibson, Dunn & Crutcher LLPPrivate± Mixed
relevance

Kirkland & Ellis LLPPrivate± Mixed
relevance

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