ARCOSA acquired by CRH

CRH has entered into a definitive agreement to acquire 100% of the outstanding shares of Arcosa, Inc. in an all-cash transaction. This acquisition represents one of the most significant transactions undertaken by CRH in recent years and aligns with its strategy to enhance its exposure to North American infrastructure. The primary strategic rationale for the acquisition is the substantial strengthening of CRH's aggregates platform in the United States. Arcosa brings a portfolio of 109 quarries and deposits, nine asphalt plants, 19 distribution terminals, and approximately 35 million tons of annual aggregates shipments. Upon completion, the combined group's aggregates production capacity is expected to exceed 265 million tons per annum, further solidifying its market-leading position. The transaction also enables CRH to increase its presence in several of the most dynamic metropolitan areas in the United States, including Texas, Arizona, Florida, New Jersey, and Tennessee. These markets are benefiting from favorable trends related to demographic growth, public investment, and increasing infrastructure needs. In addition to construction materials, Arcosa contributes a complementary business in engineering structures for energy infrastructure, which is among the leading US manufacturers of equipment used for electrical grids and is poised to benefit from investments in grid modernization, electrification of the economy, and data center development. The group also anticipates significant operational synergies, estimated at $175 million per annum by the end of year three, primarily driven by procurement savings, industrial optimization, vertical integration, and structural cost savings. The acquisition is expected to close in the first quarter of 2027, subject to regulatory approvals.

As a reminder, Arcosa had previously acquired Ameron in 2024 as part of its expansion strategy.