CRH Buys Arcosa for $8.5 Billion, Deepening Bet on US Construction Boom
Updated
Updated · Financial Times · Jun 23
CRH Buys Arcosa for $8.5 Billion, Deepening Bet on US Construction Boom
3 articles · Updated · Financial Times · Jun 23
Summary
$8.5 billion marks CRH’s largest-ever acquisition, with the Irish group buying Dallas-based Arcosa to expand its US construction footprint.
109 quarries and yards, nine asphalt plants, 19 terminals and about 32 million tonnes of aggregate shipments will bolster CRH’s exposure to American building activity.
Arcosa also gives CRH engineered steel structures tied to grid modernization, electrification and data-center construction—assets that had deterred some other potential buyers.
CRH’s shares turned slightly positive after an initial dip, suggesting investors expect its long dealmaking and integration record to support the purchase after cost cuts.