CRH agreed to acquire Arcosa, Inc. for $8.5 billion in an all-cash transaction, the companies announced Monday, marking the largest deal in CRH's history.
CRH will pay $150 per share for all of Arcosa's stock, which is 25% more than Arcosa's average share price over the past 60 days as of June 18, 2026. The deal should close in early 2027, if Arcosa shareholders and regulators approve it. Both companies' boards approved the deal unanimously.
Headquartered in Dallas, Texas, Arcosa provides infrastructure-related materials, products, and solutions across two business segments. On the construction side, the company's aggregates operations span 109 quarries and yards, nine asphalt plants, and 19 terminals, with total shipments reaching roughly 35 million tons last year. Its Engineered Structures business manufactures infrastructure products for the energy transmission market, including applications tied to grid modernization, electrification, and data center construction.
CRH said this deal will strengthen its lead as the biggest aggregates producer in North America, with over 265 million tons produced each year. CRH expects to save $175 million a year within three years of closing and believes the deal will boost earnings, margins, and cash flow in the first year. The company plans to pay for the deal using its cash and debt financing.
"As demand for U.S. energy and utility infrastructure solutions accelerates, this transaction places CRH at the forefront of an immense growth opportunity and demonstrates our ongoing commitment to building market-leading positions through disciplined capital allocation," CRH CEO Jim Mintern said in a statement.
Arcosa President and CEO Antonio Carrillo said in a statement that the deal "crystalizes the value we have built" and expressed confidence that CRH's resources and scale would benefit Arcosa's employees, customers, and communities.
Before this transaction, the company's record acquisition dated to 2015, when CRH spent €6.5 billion to absorb cement assets divested by Holcim and Lafarge as a condition of their merger, according to CNBC. Over the prior two years, the Irish building materials company had deployed $9.1 billion across roughly 80 transactions, most of them far smaller in scale.
The Arcosa acquisition is the latest in a string of large deals reshaping the U.S. building-products industry. The deal follows QXO's roughly $17 billion agreement earlier this year to take over TopBuild, North America's leading distributor and installer of insulation and related building materials, as announced in a separate transaction.
For advice, CRH worked with J.P. Morgan and Morgan Stanley $MS, which are also providing bridge financing for the deal. Arcosa got advice from Evercore and Goldman Sachs $GS.