Ireland-headquartered CRH said today it would buy US-based Arcosa in an all-cash deal valued at about $8.5 billion, strengthening the building materials group’s position in North America.<\/p>\n
CRH is offering $150 per share for Arcosa, representing a 10.4% premium to Arcosa’s previous close. Shares of the Dallas, Texas-based company rose 7.5% to $146 in premarket trade.<\/p>\n
CRH CEO Jim Mintern said the deal positions CRH to capitalise on rising demand for US energy and utility infrastructure.<\/p>\n
Arcosa owns quarries, yards and asphalt plants, and its Engineered Structures business is a major manufacturer in the US energy transmission market.<\/p>\n
The deal for Arcosa, which is expected to close in the first quarter of 2027, adds to a surge in dealmaking in the US building-products industry as firms seek scale and localised supply chains to mitigate tariffs, with demand buoyed by new housing construction, repairs and renovations.<\/p>\n
Earlier this year, QXO struck a $17 billion deal to acquire building products distributor and installer TopBuild. Last year, Commercial Metals Company acquired concrete supplier Foley Products for $1.84 billion.<\/p>\n
CRH is a serial dealmaker and has spent $9.1 billion on nearly 80, mainly much smaller, acquisitions over the past two years.<\/p>\n
Its largest previous deal was the \u20ac6.5 billion purchase in 2015 of cement assets that European rivals Holcim and Lafarge had to sell ahead of their merger, a transaction that transformed the Dublin-based company into a much bigger player.<\/p>\n
CRH said it expects run-rate cost synergies of $175m by year three and for the deal to be accretive to earnings in the first 12 months post-completion.<\/p>\n
JP Morgan and Morgan Stanley are acting as financial advisors to CRH, while Evercore and Goldman Sachs are serving as financial advisors to Arcosa.<\/p>\n","protected":false},"excerpt":{"rendered":"Ireland-headquartered CRH said today it would buy US-based Arcosa in an all-cash deal valued at about $8.5 billion,…\n","protected":false},"author":2,"featured_media":512979,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[72,61,60],"class_list":["post-512978","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-business","tag-ie","tag-ireland"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/512978","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/comments?post=512978"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/512978\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media\/512979"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media?parent=512978"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/categories?post=512978"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/tags?post=512978"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}