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Arcosa, Inc. Announces Agreement to Acquire StonePoint Materials

Mar 22, 2021 - Business Wire
Mergers and Acquisitions-Financial Results

Arcosa, Inc. (NYSE: ACA) ("Arcosa" or the "Company"), a provider of infrastructure-related products and solutions, today announced that it has reached a definitive agreement to acquire StonePoint Ultimate Holding, LLC and affiliated entities ("StonePoint") from an affiliate of Sun Capital Partners, Inc. for $375 million in cash.

StonePoint is one of the 25 largest aggregates companies in the United States, with approximately 9 million tons of annual production across 20 locations, and more...