Arcosa to acquire ACG Materials

By |  November 16, 2018


Arcosa, a manufacturer of infrastructure-related products and services, has reached a definitive agreement with an affiliate of H.I.G. Capital to acquire ACG Materials for approximately $315 million.

Arcosa plans to fund the $315 million purchase with a combination of cash on-hand and advances under its $400 million, five-year credit facility, according to the company.

“The acquisition of ACG demonstrates early execution on key elements of our strategic growth plan: to expand our construction products business and to grow in attractive markets,” says Antonio Carrillo, president and CEO of Arcosa. “ACG is a strategically important acquisition, adding significant scale to the construction products segment, extending our specialty product portfolio and geographic reach, and expanding our end markets. Additionally, ACG’s experienced leadership team brings a track record of operating excellence and growth. We look forward to leveraging their expertise as we continue to expand our construction products segment through organic growth initiatives and acquisitions.”

The transaction is expected to close in the fourth quarter of 2018 or first quarter of 2019, according to Arcosa.

“Arcosa provides an excellent platform for us to continue growing through organic investments and bolt-on acquisitions,” says Paul Harrington, president of ACG Materials. “Our management team is very enthusiastic about this combination, and we look forward to working with our counterparts in Arcosa’s construction products segment to drive profitable growth.”

Based in Norman, Oklahoma, ACG Materials mines, mills, processes and distributes materials and aggregate.

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