Arcosa Acquires Stavola for $1.2B, Divests Steel Components Business
Arcosa(ACA) ZACKS·2024-10-02 17:25Arcosa, Inc. (ACA) recently acquired the construction materials business of Stavola Holding Corporation and its affiliated entities (Stavola) for $1.2 billion.This apart, ACA completed the previously announced sale of its steel components business on Aug. 16, 2024.Buyout SynergiesThe acquisition was funded with a $600 million 6.875% Senior Note issuance (due 2032), which closed on Aug. 26, 2024, and a pre-payable $700 million variable-rate senior secured Term Loan B Facility (due 2031), which was funded con ...