Arcosa Completes Acquisition of Stavola's Construction Materials Business, Sale of Steel Components Business

MT Newswires Live

Oct 02, 2024

Arcosa (ACA) said late Tuesday it has completed the acquisition of the construction materials business of Stavola Holding for $1.2 billion, as well as the sale of its steel components business to Stellex Capital Management in August.

Financial details of the sale weren't provided.

For the quarter ended Sept. 30, Arcosa said it expects a $1 million to $1.5 million adjusted loss before interest, taxes, depreciation, and amortization for the steel components business, due to a "partial period of ownership that was impacted by the deferral of certain product shipments and business interruption from actions necessary to complete the divestiture process."

Arcosa said it will update its full-year 2024 revenue and adjusted EBITDA guidance to reflect the completion of the transactions in its Q3 earnings.

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