CRH nears largest-ever acquisition with planned purchase of US construction products group Arcosa

Dublin-headquartered building materials group CRH is in advanced discussions to acquire Dallas-based construction products company Arcosa in a deal that would rank as the Irish company's biggest-ever takeover, according to the Financial Times. An agreement could be reached as soon as next week, though people familiar with the matter cautioned that talks were continuing and could yet shift.

Arcosa carries a market capitalisation of nearly $7 billion (€6.45 billion), rising more than 12 per cent over the past month. Including debt, the company would cost CRH over $8 billion (€7.37 billion).

Arcosa operates across three segments: construction products, including aggregates and crushed concrete; and engineered structures covering power utility infrastructure, telecom towers and lighting poles. The company has approximately $2.9 billion (€2.67 billion) in annual sales and employs more than 6,000 people. A successful acquisition would give CRH direct exposure to US infrastructure spending across both construction materials and utility structure markets.

CRH is a well-established acquirer in the global building materials sector. The company moved its primary listing from Dublin to New York to benefit from higher valuations and strong US building demand, and now carries a market value of $74 billion (€68.1 billion) on the NYSE. Its previous largest deal came in 2015, when it paid €6.5 billion to acquire cement assets that Holcim and Lafarge were required to divest ahead of their merger creating the world's largest cement company.

An Arcosa acquisition would extend CRH's US construction materials platform at a time when American infrastructure investment remains elevated, driven by federal spending programmes targeting roads, bridges, utilities and broadband. Aggregates and crushed concrete, two of Arcosa's core construction product lines, are directly tied to infrastructure project volumes, making the timing strategically significant for CRH's growth pipeline in the US market.

CRH and Arcosa did not respond to requests for comment at the time of publication.

Get the full details of the proposed acquisition and deal context.