Arcosa Expands Market Reach with Stavola Acquisition and Financing Strategy
Company Announcements

Arcosa Expands Market Reach with Stavola Acquisition and Financing Strategy

The latest update is out from Arcosa ( (ACA) ).

Arcosa, Inc. has finalized the acquisition of the construction materials business of Stavola Holding Corporation for $1.2 billion, enhancing its market presence in the New York-New Jersey area with Stavola’s network of quarries, asphalt plants, and recycled aggregates sites. This strategic move aims to grow Arcosa’s footprint in attractive markets while simplifying and stabilizing its business. The purchase was financed through a mix of senior notes and a term loan facility, with the additional goal of reducing debt over time to align with Arcosa’s leverage targets.

See more insights into ACA stock on TipRanks’ Stock Analysis page.

Related Articles
TipRanks Auto-Generated NewsdeskArcosa’s Strategic Moves Drive Strong Q3 Performance
TheFlyArcosa reports Q3 adjusted EPS 91c, consensus 86c
TheFlyArcosa raises 2024 adjusted EBITDA outlook to $435M-$450M from $420M-$440M
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App