ACA - Arcosa acquires Strata Materials for $87M

Arcosa ([[ACA]] +0.9%) announces the acquisition of Strata Materials for ~$87M; funded the purchase price with cash on-hand.Strata Materials is a leading provider of recycled aggregates in the Dallas-Ft. Worth area, with 5 recycled aggregates locations and 1 natural aggregates plant; with Adj. EBITDA of ~$10.2M as of August 31, 2020, implying an ~8.5x EBITDA multiple.Arcosa believes Strata’s margins are similar to Cherry’s recycled aggregates margins, and should be accretive to overall Construction Products Group margin.

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Arcosa acquires Strata Materials for $87M