CRH has signed an agreement to acquire 100% of Arcosa Inc. in an all-cash transaction for $150 per share, subject to Arcosa stockholders’ and regulatory approvals.
The offer to Arcosa stockholders implies a 25% premium to Arcosa’s 60-day trading VWAP as of June 18, 2026. The transaction values Arcosa at a total enterprise value of approximately $8.5 billion, representing an acquisition multiple of 11.5x 2026E adjusted EBITDA, including estimated annual run-rate cost synergies of $175 million by year three, CRH stated.
Headquartered in Dallas, Arcosa is a provider of infrastructure-related materials, products and solutions. Its Construction Products business is a major aggregates platform in the United States, with 109 quarries and yards, nine asphalt plants, 19 terminals and approximately 35 million metric tons (mt) of 2025 aggregates shipments.
Arcosa’s Engineered Structures business is a top three manufacturer of critical infrastructure products in the high-growth energy transmission market, supported by long-term megatrends in grid modernization, electrification and data center construction.
Arcosa is highly complementary to CRH, advancing the company’s connected portfolio strategy. The transaction reinforces CRH’s growing position in U.S. aggregates, as well as globally, and increases exposure to some of the fastest-growing Metropolitan Statistical Areas (MSAs) in the United States.
Jim Mintern, CRH CEO, said, “This strategic acquisition reinforces our position as the number-one 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.”
Antonio Carrillo, president and CEO of Arcosa, said, “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.”
Strategic and financial benefits include:
- Arcosa brings 35 million metric tons (Mt) of annual, high-quality, natural and recycled aggregates, serving 13 of the 50 largest U.S. MSAs across Texas, New Jersey, Arizona, Florida and Tennessee. This transaction reinforces its position as a leader in U.S. aggregates with more than 265 Mt of combined annualized production. The Engineered Structures business has a top three market position, supported by infrastructure megatrends and demand relating to grid modernization, electrification and data center construction.
- The transaction aligns with CRH’s core strategy, enhancing CRH’s connected offering across aggregates, cementitious and critical infrastructure. Provides aggregate exposure to fast-growing MSAs and expands capabilities, while widening the addressable market through deepened relationships and a shared customer base.
- Clear and actionable run-rate cost synergies of $175 million expected by year three across operational improvements, procurement and integration benefits of self-supply and SG&A savings. Leverages CRH’s proven ability to acquire and integrate at scale.
- Transaction expected to be accretive to earnings, margin and cash flow in the first 12 months post-completion.
- Accelerates value-accretive capital deployment in infrastructure exposed to growing megatrends and fully aligned with CRH’s 2030 financial targets. Continued commitment to value-creating capital allocation, making best use of our $40 billion of anticipated financial capacity through 2030, and reinforcing CRH’s position as a leading compounder of capital.
The boards of directors of both companies have unanimously approved the transaction, which is expected to close in the first quarter of 2027, subject to approval of Arcosa’s stockholders, regulatory approvals and customary closing conditions. CRH intends to fund the transaction with available cash and committed debt financing.
