M&A
confidence high
sentiment positive
materiality 0.90
CRH acquires Arcosa for $150/share (~$8.5B enterprise value); 25% premium
CRH PUBLIC LTD CO
- Total enterprise value ~$8.5B; 11.5x 2026E Adj. EBITDA including $175M annual cost synergies by year 3.
- Arcosa operates 109 quarries (35M tons aggregates) and is top-3 in energy transmission infrastructure.
- Deal expected to be accretive to earnings, margin and cash flow within 12 months post-close.
- CRH secured a $5.75B bridge loan to finance cash consideration and refinance Arcosa debt; to replace with term loans/notes.
- CRH will not launch new share buyback tranche after current one ends ~July 28, 2026.
Featured in Daily 8-K Digest
Selected #3 for 2026-06-22.
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