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New Deal


Announced

Completed

CRH-backed Oldcastle Infrastructure completed the acquisition of Hancock Concrete.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Majority

Private

Completed

Friendly

Building Materials: Other

Domestic

United States

Single Bidder

Acquisition

concrete pipes

Synopsis

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CRH-backed Oldcastle Infrastructure, a provider of building materials, completed the acquisition of Hancock Concrete, a manufacturer of concrete pipe and precast products in the United States upper Midwest. Financial terms were not disclosed. "Founded in 1917, Hancock Concrete has been a trusted partner with a long track record of serving the upper Midwest. Its well-rounded product offering and people first approach are a great addition to our growing business. The acquisition complements Oldcastle Infrastructure's existing product offering, while further expanding the company's presence and customer base in the infrastructure market," Jason Jackson, Oldcastle Infrastructure President.

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