Major building materials maker CRH announced on June 22 that it will buy US-based infrastructure products supplier Arcosa for $8.5 billion in an all-cash deal.
The acquisition, which was approved by both companies’ boards of directors and includes all of Arcosa’s debt, is expected to close in the first quarter of 2027.
Based in Dallas, Arcosa offers materials, products and infrastructure solutions across the construction and engineering segments, including energy equipment, recycled concrete, telecommunications towers and lighting infrastructure.
In a press release, CRH said the acquisition will advance its business strategy to build an “aggregate-driven connected portfolio” aligned with the intensified energy and utility infrastructure needs linked to the ongoing US AI infrastructure build.
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 positions CRH at the forefront of an immense growth opportunity and demonstrates our continued commitment to building market leadership 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 fuel growth in recent years. Prior to the merger of Holcim and Lafarge in 2015, CRH bought the divested cement assets of the combined company in a $6 billion deal.
In 2024, CRH announced that it had reached an agreement 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 deal to date in the building materials industry, which has been dominated by consolidation to achieve operational scale and reach, according to housing market and research firm Zelman & Associates.
