Business
CMC TO ACQUIRE CONCRETE PIPE & PRECAST, LLC
Commercial Metals Company (NYSE: CMC) ("CMC") today announced it has entered into a definitive agreement to acquire Concrete Pipe & Precast, LLC ("CP&P"), a leading supplier of precast concrete solutions to the U.S. Mid-Atlantic and South Atlantic regions, from Eagle Corporation and ECPP, LLC for a cash purchase price of $675 million, subject to customary adjustments. The purchase price represents a multiple of 9.5x CP&P's forecasted 2025 EBITDA. When anticipated cash tax benefits are included,
About this update from Commercial Metals Company
[{"type":"list","items":[{"val":[{"type":"text","content":"Expands CMC's commercial portfolio in early-stage construction solutions; leverages complementary geographic footprint and customer relationships","length":154,"tagName":"p"}]},{"val":[{"type":"text","content":"Deepens CMC's exposure to structural demand tailwinds in construction; enhances ability to address construction pain points such as labor scarcity and project timelines","length":177,"tagName":"p"}]},{"val":[{"type":"text","content":"Establishes a significant and scalable new growth platform with a strong regional leader in an attractive industry","length":114,"tagName":"p"}]},{"val":[{"type":"text","content":"Enhances CMC's financial profile; expected to be accretive to earnings per share and free cash flow per share in the first year","length":136,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":581,"olType":false},{"type":"text","content":"IRVING, Texas, Sept. 18, 2025 /PRNewswire/ -- Commercial Metals Company (NYSE: CMC) ("CMC") today announced it has entered into a definitive agreement to acquire Concrete Pipe & Precast, LLC ("CP&P"), a leading supplier of precast concrete solutions to the U.S. Mid-Atlantic and South Atlantic regions, from Eagle Corporation and ECPP, LLC for a cash purchase price of $675 million, subject to customary adjustments. The purchase price represents a multiple of 9.5x CP&P's forecasted 2025 EBITDA. When anticipated cash tax benefits are included, the effective multiple is reduced to approximately 8.5x. The transaction is expected to be immediately accretive to earnings per share and free cash flow per share, and by year three annual run-rate synergies, primarily related to optimization initiatives, are expected in a range of $5 million to $10 million.","length":897,"tagName":"p"},{"type":"text","content":""The acquisition of CP&P is an exciting step forward as we advance our strategy of delivering value-accretive growth by expanding CMC's commercial portfolio in early-stage construction and increasing the breadth of our participation on the job site," said Peter Matt, President and Chief Executive Officer. "CP&P is a leader in a large and attractive industry with strong, stable margins and cash flows. Through this transaction we will immediately establi...