Arcosa (ACA) has issued an announcement.
Arcosa, Inc. has entered into an agreement to acquire a construction materials company with a strong presence in the New York-New Jersey area for approximately $1.2 billion, with the deal including quarries, asphalt plants, and recycling sites. The purchase, expected to close in the fourth quarter of 2024, is backed by a commitment from leading banks to provide a bridge loan facility. The acquisition is contingent on customary closing conditions, with Arcosa not reliant on financing conditions to complete the transaction. This strategic move is part of Arcosa’s expansion and growth plan in the construction materials sector.
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