Companies
Building Materials Giant CRH to Buy Supplier Arcosa in $8.5B Cash Deal
CEO says “strategic acquisition” will reinforce company’s North American business operations
“This transaction is a powerful validation of the work we’ve done in recent years to grow in attractive markets,” said Arcosa President and CEO Antonio Carrillo.
Leading building materials manufacturer CRH announced on June 22 that it will buy U.S.-based infrastructure product supplier Arcosa for $8.5 billion in an all-cash deal.
The acquisition, which was approved by both companies’ boards and includes all Arcosa debts, is expected to close in the first quarter of 2027.
Based in Dallas, Arcosa offers infrastructure materials, products and solutions through construction and engineering segments, including energy equipment, recycled concrete, telecom towers and lighting infrastructure.
In a press release, CRH said the acquisition will advance its business strategy to build an “aggregates-led, connected portfolio” aligned with intensifying utility and energy infrastructure needs tied to America’s ongoing artificial intelligence infrastructure buildout.
CRH Americas' operations are based in Atlanta; its global office is located in Dublin.
"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,” CRH CEO Jim Mintern said in a statement.
The Financial Times reports that Arcosa generates about $2.9 billion in annual revenue and employs more than 6,000 people.
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Arcosa President and CEO Antonio Carrillo added, “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.”
With a market cap of roughly $74 billion, CRH (NYSE: CRH) has pursued acquisitions to drive growth in recent years. Ahead of the 2015 merger of suppliers Holcim and Lafarge, CRH purchased the combined company's divested cement assets in a $6 billion deal.
In 2024, CRH announced it had reached a deal to acquire a portfolio of cement and ready-mixed concrete assets in Texas for $2.1 billion.
CRH’s deal for Arcosa marks its largest to date in the building materials sector, which has been dominated by consolidation to achieve operating scale and scope, according to housing market and research firm Zelman & Associates.
