M&A · Industrials · Fabricated Structural Metal Products
CRH Americas, Inc. to acquire Arcosa, Inc.
Announced Jun 22, 2026 · Closed Oct 23, 2026
Deal value$8.50BEV $8.50B
Premium10.4%To unaffected price
EV / Adj. EBITDA14.5x3.0x EV / Revenue
ConsiderationAll cash$150.00 per share
Transaction
- Acquirer
- CRH Americas, Inc.
- Target
- Arcosa, Inc. (ACA)
- Buyer type
- Strategic
- Offer price per share
- $150.00
- Enterprise value
- $8.50B
- Status
- Closed Oct 23, 2026
Deal protections
- Break fee (target pays)
- $260M · 3.1%
- Reverse fee (buyer pays)
- $372M · 4.4%
- Go-shop
- No-shop
- Financing
- No financing condition
Advisors
- To the acquirer
- JPMorgan, Morgan Stanley
- To the target
- Evercore, Goldman Sachs
- Evercore fee
- $60.0M
Sector context · Industrials
- Comparable deals
- 98 in the prior 24 months
- Premium
- 10.4% vs. 34.0% sector median
- EV / Adj. EBITDA
- 14.5x vs. 11.1x sector median
- Break fee
- 3.1% vs. 2.9% sector median
Timeline
- AnnouncedJun 22, 2026
- Proxy filedJul 24, 2026
- Definitive proxyAug 3, 2026
- Shareholder voteSep 4, 2026
- ClosedOct 23, 2026
Valuation · fairness opinions
Discounted cash flowEvercore$88.10$143.20
Trading comparablesEvercore$122.40$151.00
Trading comparablesEvercore$122.90$155.50
Precedent transactionsEvercore$116.80$137.90
Analyst price targetsEvercore$140.00$152.00
Discounted cash flowGoldman Sachs$112.03$141.45
Future share priceGoldman Sachs$113.87$142.31
Premiums paidGoldman Sachs$167.90$191.05
52-week trading rangeGoldman Sachs$137.78$154.92
Offer $150.00
Implied value per Arcosa, Inc. share by analysis, from Evercore and Goldman Sachs · DCF discount rate 10%–11%.