Kirkland Advises Arcosa on Acquiring Stavola for $1.2 Billion
Kirkland & Ellis advised Dallas-based Arcosa, Inc. (NYSE: ACA) on a definitive agreement to acquire Stavola for $1.2 billion in cash, subject to customary adjustments. Founded in 1948, Stavola is an aggregates-led and vertically integrated construction materials company primarily serving the New York-New Jersey metro area. The transaction, announced on August 1, 2024, is expected to close during Q4 2024.
The Kirkland team was led by corporate partners Kevin Crews and Jennifer Gasser; and includes environmental transactions partner Jonathan Kidwell; tax partner David Wheat; labor & employment partner Christie Alcala; real estate partner Joshua Faulkner; antitrust and competition partners Michael Thorpe and Elyse Dorsey; capital markets partners Jennifer Wu and leuan List; and technology & IP transactions partner Dan Lewis.
