CRH $CRH buys Arcosa $ACA for $8.5B; $150 cash offer

$8.5B is the enterprise value in CRH $CRH's all-cash agreement to buy Arcosa $ACA. CRH and Arcosa said on June 22 that CRH will acquire 100% of Arcosa for $150 a share, subject to Arcosa stockholder approval and regulatory approvals.

The offer implies a 25% premium to Arcosa's 60-day trading VWAP as of June 18, 2026. CRH said the valuation equals about 11.5x 2026E adjusted EBITDA after including estimated annual run-rate cost synergies of $175M by year three. The companies expect the deal to close in Q1 2027.

Arcosa brings a U.S. aggregates and critical infrastructure footprint. The release lists 109 quarries and yards, nine asphalt plants, 19 terminals and about 35M tons of 2025 aggregates shipments. Its engineered structures unit is described as a top-three manufacturer serving energy transmission, a market tied to grid modernization, electrification and data center construction.

CRH intends to fund the acquisition with available cash and committed debt financing. The company said the transaction should be accretive to earnings, margin and cash flow in the first 12 months after completion, before one-off transaction costs. Investors should track the Arcosa shareholder vote, regulatory approvals and CRH's leverage path, including the pro forma FY 2026E net debt to adjusted EBITDA figure of 2.4x cited in the release.

Not investment advice. Verify all figures with primary sources before acting.