We are enthusiastic about welcoming the Strata team to Arcosa.” “Overall, Strata is an excellent strategic fit as we continue to reposition our company around core infrastructure products. Strata’s margins are similar to Cherry’s recycled aggregates margins, and should be accretive to our overall Construction Products Group margin. “By leveraging our Cherry team’s operational and commercial expertise in recycled aggregates, and our long-standing relationships with DFW customers, we expect to drive incremental growth. We believe that this model will have increasing value as the construction industry seeks to reduce transportation costs and its carbon footprint by using both recycled and natural aggregates.
Strata’s strategic network will allow us to serve customers with a complementary product offering that includes both recycled and natural aggregates. Strata produced more than 2 million tons of aggregates in the last 12 months.Ĭommenting on the transaction, Antonio Carrillo, Arcosa’s President and CEO, noted, “Building on the Cherry acquisition we completed in January 2020, we are excited to replicate this model in the Dallas-Ft. Strata had trailing 12 month Adjusted EBITDA of approximately $10.2 million as of August 31, 2020, implying an ~8.5x EBITDA multiple. Worth area, with 5 recycled aggregates locations and 1 natural aggregates plant. Strata is a leading provider of recycled aggregates in the Dallas-Ft. (NYSE: ACA) (“Arcosa” or the “Company”), a provider of infrastructure-related products and solutions, today announced that it has acquired Strata Materials (“Strata”) for approximately $87 million. – Advances Arcosa’s Overall Portfolio Shift into Construction Products at an Attractive ValuationĪrcosa, Inc. – Increases Exposure to Growing Product Category Driven By ESG and Economic Benefits – Replicates January 2020 Acquisition of Cherry Companies with Complementary Recycled and Natural Aggregates
See the difference for yourself.– $87 Million Acquisition Expands Recycled Aggregates Platform into Dallas-Ft. Those are just a few of the reasons choosing an independent insurance agent is such a good choice.
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