Arcosa to acquire Stavola Holding's construction materials business for $1.2B

Arcosa, Inc. has entered into a definitive agreement to acquire the construction materials business of Stavola Holding Corporation for $1.2 billion in cash. Stavola operates five hard rock aggregates quarries, twelve asphalt plants, and three recycled aggregates sites serving the New York-New Jersey MSA.

“The aggregates business contributed 56% to Stavola’s LTM Adjusted EBITDA.”advfn.com

• 2 sources
• advfn.comArcosa, Inc. Announces Agreement to Acquire the Construction Materials Business of Stavola Holding Corporation for $1.2 Billion and Other Value Enhancing Portfolio Actions to Accelerate Long-Term StrategyBusiness WireAug 1, 2024
• mycentraljersey.comStavola, Bridgewater NJ quarry owner, sells business for $1.2BMike DeakAug 8, 2024

Summarized from public sources; check the original articles before acting on it.