Irish building materials company CRH said Monday that it has acquired Dallas-based Arcosa, which provides infrastructure materials, for $8.5 billion.
Bryan Stevenson is chief legal officer at Arcosa. In January 2025, The Lawbook profiled Stevenson’s career when he was a finalist in the DFW Corporate Counsel Awards.
Baker Botts advised the company on board governance and securities with an all-Dallas team of partners led by Sarah Dodson and Paul Reilly with Chad Walters, Luke Weedon and Samantha Hale Crispinalongside associates Rachel Brachmanand Brendan Waller and senior associate Tala Esmaili.
Gibson Dunn provided counsel to Arcosa with a team led by Dallas partners Robert Littleand Joe Orien. The Gibson team includes of counsel Benjamin Haskins in New York and Dallas associates Uyen Tu, Riley Gesling and Dustin Leenhouts.
Houston partner Andy Chen and of counsel William Wortmann in Los Angeles advised on financing aspects. Partners Sophia Hansell, Attila Borsos and Bradley Smith provided counsel on antitrust aspects; Dallas partners Krista P. Hanvey and Karl Nelson on benefits; Michael Cannon on tax aspects; and Daniel Angel on IP aspects.
Kirkland & Ellis represented CRH with a team of more than two dozen attorneys led by Sarkis Jebejian and Keri Schick Norton in New York. The Texas lawyers involved include employee benefits parter Alex Clark in Dallas and Houston partners Stephanie Jeane and Stephen M. Jacobson with associate Cassandra Zárateon executive compensation.
The companies said in a news release that CRH’s offer of $150 a share in cash represents a 25 percent premium to Arcosa’s average price over the past two months.
Spun off from Trinity Industries in 2018, Arcosa’s construction products unit has 109 quarries and yards, nine asphalt plants and 19 terminals, shipping about 35 million tons of natural and recycled aggregates in 2025; the engineered structures business makes energy transmission infrastructure products.
“As demand for U.S. energy and utility infrastructure solutions accelerates, this transaction places CRH at the forefront of an immense growth opportunity and demonstrates our ongoing commitment to building market-leading positions through disciplined capital allocation,” said CEO Jim Mintern.
Arcosa President and CEO Antonio Carrillo said, “this transaction crystalizes the value we have built” for shareholders and is “a powerful validation of the work we’ve done in recent years to grow in attractive markets, simplify our portfolio, reduce cyclicality and build a more resilient business focused on construction products and engineered structures.”
The companies expect the merger to close in the first quarter of 2027.
JPMorgan and Morgan Stanley are financial advisors to CRH and are also providing the company with financing for the transaction. Evercore and Goldman Sachs are serving as financial advisors to Arcosa.