Weil, Kirkland Aid Arcosa’s $375 Million Purchase of StonePoint

Weil, Gotshal & Manges is advising Dallas-based Arcosa Inc. on its deal to acquire rival construction materials company StonePoint Ultimate Holding LLC and linked entities.

Kirkland & Ellis is advising the seller, private equity firm Sun Capital Partners Inc., on the deal, which is expected to close in April, according to a statement.

The acquisition expands Arcosa’s footprint in Texas and Louisiana and gives it entry into new markets in Tennessee, Kentucky, Pennsylvania, and West Virginia. Arcosa expects to fund the $375 million acquisition with a combination of cash on-hand and borrowings refinanced with long-term debt.

Philadelphia-based StonePoint, one of the 25 biggest aggregate producers in the U.S., supplies construction projects with about 9 million tons annually of crushed stone, sand, gravel, and asphalt. It projects $117 million in revenues for the year ending March 31.

“StonePoint represents an outstanding strategic fit,” said Antonio Carrillo, Arcosa’s CEO. “StonePoint has an experienced operating team, an attractive pipeline of organic growth projects and bolt-on acquisitions, and a footprint in fast-growing markets.”