m_and_a
confidence high
sentiment positive
materiality 0.80
CMC to acquire Concrete Pipe & Precast for $675M, closes Dec 2025
COMMERCIAL METALS Co
- Cash purchase price of $675M equals 9.5x CP&P's forecasted 2025 EBITDA; effective multiple ~8.5x after tax benefits.
- Deal expected to close December 2025, subject to HSR clearance and other customary conditions.
- Acquisition expected to be immediately accretive to EPS and free cash flow per share in first year.
- Annual run-rate synergies of $5M to $10M anticipated by year three from optimization initiatives.
- Expands CMC into $30B domestic precast concrete industry with EBITDA margins exceeding 20%.
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