Arcosa President and CEO Antonio Carrillo [Photo: Arcosa]

Arcosa, a Dallas-based aggregates and infrastructure products company, has agreed to be acquired by New York City-based CRH, a leading provider of building materials, in an all-cash deal for $150 per share, which works out to an enterprise value of about $8.5 billion.

Arcosa President and CEO Antonio Carrillo called the deal “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,” Carillo added in a statement, “this transaction crystalizes the value we have built. We’re excited that CRH recognizes that value, and we’re confident that their resources, scale, and expertise will provide attractive opportunities for our team members, for our customers, and for the communities we serve.”

Carillo is no stranger to 10-figure deals. In 2024, Arcosa acquired the construction materials business of Stavola Holding Corporation and its affiliated entities in an all-cash $1.2 billion transaction. And in a 9-figure deal earlier this year, Arcosa sold its marine products division to Wynnchurch Capital for $450 million. 

Details on the deal

The boards of both companies have unanimously approved the deal, which is expected to close in Q1 2027 subject to approval of Arcosa’s stockholders, regulatory approvals, and customary closing conditions. CRH said it intends to fund the transaction with available cash and committed debt financing.

The offer to Arcosa stockholders implies a 25% premium to Arcosa’s 60-day trading VWAP as of June 18, 2026, the companies said. The transaction value of approximately $8.5 billion represents an acquisition multiple of 11.5x 2026E Adjusted EBITDA, including estimated annual run-rate cost synergies of $175 million by year three.

Strengthening CRH’s portfolio strategy

Arcosa is a leading provider of infrastructure-related materials, products, and solutions. Its construction products business is one of the top providers of aggregates in the U.S., with 109 quarries and yards, nine asphalt plants, 19 terminals, and around 35 million tons 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 a strong outlook in grid modernization, electrification, and data center construction.

Arcosa is highly complementary to CRH’s overall portfolio strategy, the company said. The transaction bolsters CRH’s position as the leader in U.S. aggregates, as well as globally, and increases exposure to some of the fastest-growing Metropolitan Statistical Areas (MSAs) in the U.S.

“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,” CRH CEO Jim Mintern said. “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.”

Mintern added, “We have a tremendous amount of respect for Arcosa’s business and look forward to welcoming the Arcosa team into CRH.”

Acquisition boosts CRH’s infrastructure leadership

CRH said the deal reinforces it as the No. 1 infrastructure player in North America, wtih Arcosa bringing 35mt 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 our position as the leader in U.S. aggregates with over 265mt of combined annualized production,” the company said. 

CRH also said the deal illustrates its “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.”

David Seeley contributed to this report.

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