Arcosa Shareholders Approve $8.5 Billion Acquisition by CRH
On September 4, Arcosa shareholders approved the all-cash takeover offer from CRH at $150 per share, valuing the company at approximately $8.5 billion. The approval received strong support with over 39 million votes in favor and only around 66,000 against, satisfying a key condition for the deal to proceed. CRH expects the transaction to close by first-quarter 2027 if regulatory approvals are obtained on time. The acquisition is valued at 11.5 times estimated 2026 adjusted EBITDA and includes $175 million in annual cost synergies expected within three years of closing. The deal will expand CRH’s aggregates production capacity to over 265 million tons annually, adding infrastructure assets such as quarries, asphalt plants, terminals, and engineered structures. While the shareholder vote reduces a major risk for the transaction, regulatory hurdles remain before finalization.
Topics: acquisition Arcosa CRH shareholder_vote