Arcosa Agrees To Acquire The Construction Materials Business Of Stavola Holding And Its Affiliated Entities For $1.2BB Cash
Portfolio Pulse from Benzinga Newsdesk
Arcosa has agreed to acquire the construction materials business of Stavola Holding for $1.2 billion in cash. Stavola, founded in 1948, operates in the New York-New Jersey area with multiple quarries, asphalt plants, and recycled aggregates sites. For the last twelve months ending June 30, 2024, Stavola generated $283 million in revenue and $100 million in Adjusted EBITDA. The transaction is expected to create tax benefits for Arcosa with a net present value of approximately $125 million.
August 01, 2024 | 8:24 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Arcosa is acquiring Stavola's construction materials business for $1.2 billion in cash. The acquisition is expected to provide tax benefits worth $125 million and enhance Arcosa's presence in the New York-New Jersey area. Stavola's strong financial performance, with $283 million in revenue and $100 million in Adjusted EBITDA, is likely to positively impact Arcosa's financials.
The acquisition of Stavola's construction materials business is a significant move for Arcosa, enhancing its market presence and financial performance. The $1.2 billion deal, along with $125 million in tax benefits, is expected to positively impact Arcosa's stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100