CRH announced it will acquire Arcosa, Inc. for $8.5 billion in an all‑cash transaction, marking the largest acquisition in the company’s history.
The deal values Arcosa at $150 per share—about 25% above its 60‑day average price as of June 18, 2026. It is expected to close in early 2027, pending approval by Arcosa shareholders and regulators. Both boards have endorsed the transaction unanimously.
Arcosa, headquartered in Dallas, Texas, supplies infrastructure‑related materials and solutions across two main segments. Its aggregates division operates 109 quarries and yards, nine asphalt plants, and 19 terminals, shipping roughly 35 million tons last year. The Engineered Structures unit manufactures products for the energy transmission market, supporting grid modernization, electrification, and data‑center construction.
Through this acquisition, CRH will reinforce its position as the largest aggregates producer in North America, with an annual output exceeding 265 million tons. The company projects annual savings of $175 million within three years of closing and anticipates increased earnings, margins, and cash flow in the first year. Financing will come from a mix of cash and debt.
“As demand for U.S. energy and utility infrastructure accelerates, this transaction places CRH at the forefront of a significant growth opportunity and demonstrates our continued commitment to building market‑leading positions through disciplined capital allocation,” CEO Jim Mintern said.
Arcosa President and CEO Antonio Carrillo noted the deal “crystallizes the value we have built” and expressed confidence that CRH’s resources and scale will benefit Arcosa’s employees, customers, and communities.
Prior to this transaction, CRH’s record acquisition occurred in 2015, when it spent €6.5 billion to acquire cement assets divested by Holcim and Lafarge as part of their merger. Over the past two years, the Irish building‑materials company has completed approximately 80 transactions totaling $9.1 billion, most considerably smaller in scale.
The Arcosa purchase is part of a broader wave of large deals reshaping the U.S. building‑products sector, following QXO’s recent roughly $17 billion agreement to acquire TopBuild, North America’s leading distributor and installer of insulation and related building materials.
CRH engaged J.P. Morgan and Morgan Stanley for advice and bridge financing, while Arcosa received counsel from Evercore and Goldman Sachs.
