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Arcosa Agrees To Acquire The Construction Materials Business Of Stavola Holding And Its Affiliated Entities For $1.2BB Cash

Author: Benzinga Newsdesk | August 01, 2024 04:24pm

Founded in 1948, Stavola is an aggregates-led and vertically integrated construction materials company primarily serving the New York-New Jersey Metropolitan Statistical Area ("MSA") through its network of five hard rock natural aggregates quarries, twelve asphalt plants, and three recycled aggregates sites.

For the last twelve months ended June 30, 2024 ("LTM"), Stavola generated revenues of $283 million and Adjusted EBITDA of $100 million, representing a 35% Adjusted EBITDA Margin. The aggregates business contributed 56% to Stavola's LTM Adjusted EBITDA.

The structure of the transaction is expected to create tax benefits attributable to Arcosa with a net present value of approximately $125 million.

Posted In: ACA

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