CRH announced that it has signed an agreement to acquire Arcosa in an all-cash transaction valued at approximately $8.5 billion.
Under the terms of the deal, CRH will acquire 100% of Arcosa for $150 per share in cash. The offer represents a 25% premium to Arcosa’s 60-day trading volume-weighted average price as of June 18, 2026.
The transaction values Arcosa at an acquisition multiple of 11.5 times 2026 estimated adjusted EBITDA, including estimated annual run-rate cost synergies of $175 million by year three.
The boards of directors of both companies have unanimously approved the transaction. The deal is expected to close in the first quarter of 2027, subject to Arcosa stockholder approval, regulatory approvals, and other customary closing conditions.
CRH plans to fund the acquisition with available cash and committed debt financing.
Arcosa is headquartered in Dallas and provides infrastructure-related materials, products, and solutions. Its Construction Products business includes 109 quarries and yards, nine asphalt plants, 19 terminals, and approximately 35 million tons of 2025 aggregates shipments.
Arcosa’s Engineered Structures business is a top-three manufacturer of critical infrastructure products for the energy transmission market. The business is supported by long-term demand tied to grid modernization, electrification, and data center construction.
CRH said the acquisition strengthens its position as a leading infrastructure company in North America and advances its aggregates-led connected portfolio strategy. The combination is expected to reinforce CRH’s position in U.S. aggregates and increase its exposure to fast-growing U.S. metropolitan markets.
CRH said Arcosa serves 13 of the 50 largest U.S. metropolitan statistical areas across Texas, New Jersey, Arizona, Florida, and Tennessee. Following the transaction, CRH expects to have more than 265 million tons of combined annualized aggregates production.
The company said the expected $175 million in run-rate cost synergies will come from operational improvements, procurement, self-supply integration benefits, and SG&A savings.
The transaction is also expected to be accretive to CRH’s earnings, margins, and cash flow in the first 12 months after completion.
J.P. Morgan and Morgan Stanley are serving as financial advisors to CRH, and Kirkland & Ellis is serving as legal counsel. J.P. Morgan and Morgan Stanley are also providing committed bridge financing for the transaction. Evercore and Goldman Sachs are serving as financial advisors to Arcosa, and Gibson Dunn and Baker Botts are serving as legal counsel.
KEY QUOTES:
“This strategic acquisition reinforces our position as the #1 infrastructure player in North America and advances our strategy to build an aggregates-led, connected portfolio. As demand for U.S. energy and utility infrastructure solutions accelerates, this transaction places CRH at the forefront of an immense growth opportunity and demonstrates our ongoing commitment to building market-leading positions through disciplined capital allocation. We have a tremendous amount of respect for Arcosa’s business and look forward to welcoming the Arcosa team into CRH.”
Jim Mintern, CEO of CRH
“This transaction is a powerful validation of the work we’ve done in recent years to grow in attractive markets, simplify our portfolio, reduce cyclicality and build a more resilient business focused on Construction Products and Engineered Structures. For our stockholders, this transaction crystalizes the value we have built. We are excited that CRH recognizes that value, and we are confident that their resources, scale, and expertise will provide attractive opportunities for our team members, for our customers and for the communities we serve.”
Antonio Carrillo, President and CEO of Arcosa
