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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.
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