CRH Completes Arcosa Acquisition Under $8.5 Billion Cash Deal
Key Facts
CRH announced on October 22, 2026, that it had completed its acquisition of Arcosa, following an agreement to acquire all of the company’s shares in an all-cash deal valued at about $8.5 billion on an enterprise-value basis when announced in June. The agreement set the cash consideration at $150 per share, according to CRH’s statement issued on June 22, 2026. EL7 data show Arcosa shares closed at $149.15 on October 22, while CRH shares closed at $86.43 the same day. The company had offered a 25% premium to Arcosa’s volume-weighted average share price over the 60 days through June 18. The deal expands CRH’s U.S. aggregates business and critical infrastructure products, including in the power transmission sector.
Aggregates are one of the deal’s central components: Arcosa’s construction products platform includes a U.S. network of 109 quarries and yards, along with 9 asphalt plants and 19 terminals. The company shipped about 35 million tons of aggregates in 2025, according to the deal announcement. CRH said the acquisition aligns with its strategy of building an integrated portfolio led by aggregates, and that combined annual production will exceed 265 million tons after the deal. It also said combining the businesses strengthens its position in U.S. aggregates and expands its capabilities in energy infrastructure. The deal also increases its exposure to fast-growing U.S. metropolitan areas, according to the company.
Arcosa adds businesses in infrastructure products related to power transmission; CRH described the company’s engineered structures business as one of the three largest manufacturers of critical infrastructure products in this market. The company tied demand opportunities to the modernization of the electricity grid, the expansion of electrification and data centers. CRH Chief Executive Jim Mintern said, "Demand for energy and utility infrastructure solutions in the U.S. is accelerating." CRH’s description of its strategy places the deal at the intersection of traditional construction materials and energy infrastructure components. The company said the acquisition strengthens its position to benefit from this rising demand.
The deal’s rationale includes recurring annual cost savings that CRH estimates at about $175 million by the third year. The company said the savings would come from operating improvements, procurement, integration and lower general and administrative expenses. It also expected the deal to boost earnings, margins and cash flow during the first 12 months after closing, before one-time transaction costs. These are targets CRH announced as part of its deal terms and expectations, while the stages of asset integration and delivery of the stated savings will be points to watch in assessing the acquisition’s results. In the second quarter of 2026, CRH reported diluted earnings per share of $2.21, compared with $1.94 in the same period of 2025, attributing the increase mainly to strong operating performance and divestment gains.
Arcosa shareholders voted before the closing, approving the acquisition at a special meeting held on September 4, 2026. The approval statement said the deal was expected to close in the first quarter of 2027, subject to the satisfaction or waiver of customary closing conditions, including required regulatory approvals. CRH then announced the deal’s completion on October 22, after the date stated in Arcosa’s announcement. The move comes about four months after the June agreement was announced, covering all Arcosa shares for cash. The announcement’s progression from shareholder approval to completion marks the deal’s final stage, according to the information disclosed.
CRH has scheduled the release of its third-quarter 2026 results before the market opens on Thursday, October 29. The release will be followed by a conference call and webcast at 8:00 a.m. Eastern time. The announcement comes a week after the acquisition’s completion, based on the dates the company announced for closing and the results. The next quarterly results will show CRH’s performance in the period before the completion announcement, according to its published schedule. The company’s expectations for the deal’s impact and savings were set for the period after closing.