Arcosa has agreed to acquire the construction materials business of Stavola Holding Corp. and its affiliated entities for $1.2 billion in cash. The transaction, announced Aug. 1, is expected to close in the fourth quarter. Dallas-based Arcosa was advised by Gibson, Dunn, & Crutcher and a Kirkland & Ellis team led by corporate partners Kevin Crews and Jennifer Gasser. Baker Botts served as Arcosa's legal advisor on the committed financing. Sullivan & Cromwell represented Barclays and Evercore, acting as financial advisers to Arcosa. The S&C team included partners Stephen M. Kotran and Lee C. Parnes.
Construction & Engineering
August 05, 2024, 11:53 AM