M&A Deal Summary

Arcosa Acquires Cherry s Industrial Equipment

On December 12, 2019, Arcosa acquired machinery company Cherry s Industrial Equipment for 298M USD

Acquisition Highlights
  • This is Arcosa’s 1st transaction in the Machinery sector.
  • This is Arcosa’s 4th largest (disclosed) transaction.
  • This is Arcosa’s 2nd transaction in the United States.
  • This is Arcosa’s 1st transaction in Illinois.

M&A Deal Summary
Date 2019-12-12
Target Cherry s Industrial Equipment
Sector Machinery
Buyer(s) Arcosa
Deal Type Add-on Acquisition
Deal Value 298M USD

Target

Cherry s Industrial Equipment

Elk Grove Village, Illinois, United States
Cherry's Industrial Equipment Corp. developed a unique platform of mines, processing facilities, and services across the Houston area to offer a range of construction materials to customers. Cherry serves diverse infrastructure markets, including highway, industrial, commercial, and residential markets, and also provides concrete demolition services, primarily to secure raw material for recycled aggregates.

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Buyer(S) 1

Buyer

Arcosa

Dallas, Texas, United States
Category Company
Founded 2018
Sector Building Materials
Employees6,075
Revenue 2.3B USD (2023)
DESCRIPTION

Arcosa is a manufacturer of infrastructure-related products and services with leading positions in construction, energy, and transportation markets. Arcosa reports its financial results in three principal business segments: the Construction Products Group, the Energy Equipment Group, and the Transportation Products Group. Arcosa was founded in 2018 and is based in Dallas, Texas.

DEAL STATS #
Overall 2 of 8
Sector (Machinery) 1 of 1
Type (Add-on Acquisition) 2 of 5
State (Illinois) 1 of 1
Country (United States) 2 of 8
Year (2019) 1 of 1
Size (of disclosed) 4 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-14 ACG Materials

Norman, Oklahoma, United States

ACG Materials mines, mills, processes, and distributes a broad range of specialty materials and aggregates. Its primary products are sold to infrastructure and building products markets, as well as to the agriculture, food, and pharmaceutical industries.

Buy $315M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-12 Strata Materials

Grand Prairie, Texas, United States

Strata Materials LLC is a provider of recycled aggregates, with 5 recycled aggregates locations and 1 natural aggregates plant supplying construction materials throughout the North and East Texas areas. Strata Materials was founded in 1998 and is based in Grand Prairie, Texas.

Buy $87M
Mergr

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