Arcosa Inc

NYSE:ACA   3:58:10 PM EDT
62.64
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Other Pre-Announcement

Arcosa Announces Agreement To Acquire Stonepoint Materials

Published: 03/22/2021 20:33 GMT
Arcosa Inc (ACA) - Arcosa, Inc. Announces Agreement to Acquire Stonepoint Materials.
Arcosa Inc - Transaction to Be Funded With Cash and Available Revolver Capacity.
Arcosa Inc - Acquisition is Expected to Be Accretive to Arcosa's Earnings and Margins in 2021.
Arcosa Inc - Deal for $375 Million in Cash.
Arcosa Inc - Stonepoint is Projected to Generate Revenues of $117 Million & Adjusted EBITDA of $28 Million for Twelve Months Ending March 31, 2021.
Arcosa -co Expects Net Present Value of About $15 Million of Tax Benefits From Transaction, Which Co Expects to Realize Over Next 4-5 Yrs.