CRH Near Biggest-Ever Deal For Arcosa, Financial Times Says

CRH Plc. is nearing a deal to acquire Arcosa Inc. for approximately $3.2 billion, marking its largest acquisition to date, according to the Financial Times. The building materials group is reportedly in advanced talks with Arcosa, with an agreement potentially finalized as early as next week. This potential acquisition would significantly bolster CRH's presence in the North American market, particularly in the transportation infrastructure sector where Arcosa is a key player. Arcosa's business segments include Arcosa Lightweight, Arcosa Specialty Materials, and Arcosa Marine. The deal's valuation of $3.2 billion represents a multiple of approximately 12 times Arcosa's expected 2024 earnings before interest, taxes, depreciation, and amortization (EBITDA). CRH has been actively pursuing strategic acquisitions to expand its portfolio and market share, having completed several smaller deals in recent years. The company's strategy has focused on acquiring businesses that complement its existing operations and offer strong growth potential. Arcosa's established position in the construction and infrastructure materials market makes it an attractive target for CRH's expansion ambitions.