Arcosa plans to draw down on revolver for ACG Materials acquisition

By Wendy Van Sickle

Columbus, Ohio, Nov. 14 – Arcosa, Inc. will draw down on its $400 million five-year revolving credit facility to fund a portion of its acquisition of ACG Materials, according to a press release.

Arcosa announced Wednesday that it reached a definitive agreement with an affiliate of H.I.G. Capital, LLC to acquire the producer of specialty materials and aggregates with operating facilities in Texas, Florida, Oklahoma, Kansas, Missouri, Washington, Nevada and British Columbia for about $315 million.

Arcosa said it will also use cash on hand for the acquisition, which is expected to close in the fourth quarter of 2018 or first quarter of 2019.

Dallas-based Arcosa is a growth-oriented manufacturer of infrastructure-related products and services in construction, energy and transportation markets.

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