Building materials group CRH to buy Arcosa in $8.5 billion all-cash deal

Irish building materials company CRH plc. Timon Schneider | Lightrocket | Getty Images Ireland's CRH said on ​Monday ​it ​would acquire U.S.-based Arcosa in an all-cash deal valued at about $8.5 billion, strengthening the building materials group's position in North America. CRH is offering $150 per share ⁠for ‌Arcosa, representing a 10.4% premium to Arcosa's previous ⁠close. Shares of the Dallas, Texas-based company rose 7.5% to $146 in premarket trade. CRH CEO Jim Mintern said the deal positions CRH to capitalize on rising demand for U.S. energy and ‌utility infrastructure. Arcosa owns quarries, yards and asphalt plants, and its Engineered Structures business is a major manufacturer in the U.S. energy transmission ​market. The deal for Arcosa, which is expected to close in the first quarter of 2027, adds to a surge in dealmaking in the U.S. building-products industry as firms seek scale and ⁠localized supply chains to mitigate tariffs, with demand buoyed by new housing construction, repairs and ‌renovations. Earlier this year, QXO struck a $17 billion deal ‌to acquire building-products distributor and installer TopBuild. Last year, Commercial Metals acquired concrete supplier Foley Products for $1.84 billion. CRH is a serial dealmaker and has spent $9.1 ⁠billion on nearly 80, mainly much smaller, acquisitions over the past two years. …