NEW YORK, June 22, 2026, 09:03 EDT
- CRH is set to acquire Arcosa for $150 in cash per share, putting the Dallas infrastructure products group’s value near $8.5 billion.
- CRH is picking up more U.S. aggregates assets in this deal, plus a bigger spot in energy transmission equipment. Grid upgrades and power demands from data centers have been getting investor attention.
- The deal is set to close in the first quarter of 2027, pending Arcosa shareholder vote and sign-off from regulators.
CRH said it will buy Arcosa Inc. for around $8.5 billion in cash. The deal marks the building materials firm’s biggest U.S. infrastructure move so far and boosts its position in products used for power-grid construction.
Timing is key. U.S. construction suppliers are adding scale while infrastructure spending, energy grid projects and data center builds drive more demand to basic materials, quarries, and engineered products. The deal also comes as building products companies push for more consolidation.
CRH is set to buy Arcosa for $150 a share, according to the companies. That’s a 25% premium over the 60-day volume-weighted average, which factors in trading volumes. The deal values Arcosa at about 11.5 times its projected 2026 adjusted EBITDA, including cost savings.
Arcosa stock climbed 7.4% to $146 before the bell after the announcement, Reuters reported. The transaction is set to wrap up in the first quarter of 2027.
Arcosa comes to the deal with 109 quarries and yards, nine asphalt plants, 19 terminals, and around 35 million tons of aggregates shipments expected for 2025. The company’s engineered structures business is one of the top three U.S. suppliers for energy transmission products, the companies said.
CRH CEO Jim Mintern said the deal boosts CRH’s presence in North American infrastructure and brings the company to what he called the “forefront” of growing U.S. energy and utility infrastructure demand. Mintern also said CRH held “a tremendous amount of respect” for Arcosa’s business. CRH
Arcosa CEO Antonio Carrillo said the deal validates Arcosa’s push into attractive markets, streamlines its business, and helps steady returns. For shareholders, he called the transaction a way to “crystalizes the value” Arcosa has built. Business Wire
CRH’s deal looks like a quarry play with a grid angle. Aggregates are bulky and expensive to haul, so having more sites near customers helps. Adding engineered structures brings in potential growth from transmission, electrification, and data centers. On the call, CRH said the merged group would have over 265 million tons of annualized aggregates output and forecast $175 million in yearly cost savings by the third year.
Competitive pressure is moving. QXO lined up a $17 billion deal for TopBuild in April. Commercial Metals grabbed Foley Products for $1.84 billion last year, both tied to the building-products deal wave. Quikrete wrapped up its $11.5 billion buy of Summit Materials in 2025.
CRH has lined up a $5.75 billion bridge loan to help pay for the deal, refinance part of Arcosa’s debt, and cover fees. The company expects to swap out the bridge with longer-term financing ahead of closing. CRH said it doesn’t plan to start a new buyback tranche once the current one finishes. One more watch point for the financing.
But closing isn’t guaranteed. Arcosa’s filing said the deal needs sign-off from holders of most of its outstanding shares, clearance under the Hart-Scott-Rodino Act, which covers U.S. antitrust review for big mergers, and other regulatory signoffs. The agreement can extend past a June 21, 2027 outside date if there are certain regulatory issues. There are also breakup fees: CRH would pay about $372 million if the deal falls through over regulatory failures, while Arcosa would owe about $260 million in specified cases, including if a better offer comes in.
J.P. Morgan and Morgan Stanley are advising CRH and have lined up bridge financing for the deal. Arcosa is working with Evercore and Goldman Sachs. Should the transaction go through, Arcosa will become a CRH subsidiary and its stock will no longer trade.
