CRH Plans $8.5 Billion Acquisition of Arcosa
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.