Key transactions & industry newsWeekly Update 06/26/2026

What We Found Interesting This Week

June 22, 2026 – Building-materials supplier CRH will acquire rival Arcosa in a deal valued at roughly $8.5B, including debt. (WSJ)


CRH’s $8.5B all-cash acquisition of Arcosa is the most consequential move the company has made since relocating its primary listing to New York in 2023, and it reflects a deliberate strategic logic that goes beyond scale, adding Arcosa’s aggregates platform and engineered structures business to a portfolio that is increasingly being positioned around the infrastructure megatrends that will define U.S. capital spending for the next decade. Arcosa brings 109 quarries and yards, nine asphalt plants, 19 terminals, and ~35 million tons of 2025 aggregates shipments, a construction products business that deepens CRH’s position as the leader in U.S. aggregates and expands its footprint into some of the fastest-growing metropolitan markets in the country, particularly across the Sun Belt where infrastructure investment is running ahead of national averages.


The more visionary component of the deal is Arcosa’s Engineered Structures business, a top-three manufacturer of critical infrastructure products in the energy transmission market, supplying the utility towers, wind towers, and grid structures that sit at the physical intersection of grid modernization, electrification, and data center construction, three of the most durable demand drivers in the U.S. economy right now. CRH is making a calculated bet that the next phase of U.S. infrastructure spending is not just roads and bridges but the energy transmission and grid infrastructure needed to support AI compute buildout, industrial reshoring, and the electrification of transportation, and that owning the materials and structures that physically enable that transition is a more durable competitive position than simply supplying commodity aggregates.


The deal is priced at 11.5x 2026 EBITDA including $175M of run-rate synergies by year three, a multiple that reflects the quality of Arcosa’s asset base and the scarcity of permitted aggregates reserves in high-growth markets, where the barriers to new entrants are high. For CRH, which has signaled $40B of capital deployment capacity through 2030, Arcosa is the kind of platform acquisition that reshapes the earnings mix rather than simply adding revenue, and the combination of aggregates density and energy infrastructure exposure gives the company a portfolio that is better positioned for the next infrastructure cycle than almost any comparable building materials business globally.

Recent M&A Transactions

Metals & Mining

June 25, 2026 – Colorado-based Energy Fuels said it would acquire German magnet manufacturer Vacuumschmelze for about $1.9B in cash and stock, building an integrated supply chain from rare earth mine to finished magnet for defense, automotive and technology customers. (MiningWeekly)

Transportation & Logistics

June 25, 2026 – Maxwell Street Capital Partners announced an investment in Masterpiece International, a leading provider of fine art logistics solutions for museums, galleries, art fairs, and private collectors, previously owned by Imperative Logistics Group LLC, a portfolio company of Littlejohn & Co. (BusinessWire)

June 25, 2026 – PLS Logistics Services, a leading third-party logistics provider, announced the acquisition of The AGL Group, an international freight forwarder and supply chain company based in Weymouth, Massachusetts. (PRNewswire)

June 25, 2026 – Volkswagen greed to sell a majority stake in its heavy-engine division, a step in its campaign to reorder an unwieldy automotive empire that is coming under mounting pressure from China. The world’s second-largest automaker said it would sell 51% of its Everllence business to U.S. private-equity firm Bain Capital for the equivalent of about $8.4B. (WSJ)

June 24, 2026 – Quad-C Management, Inc., a leading middle market private equity firm, announced its investment in Armstrong Transport Group, a leading logistics platform that operates primarily through an independent agent network to connect commercial shippers with full truckload heavy-haul, flatbed, temperature-controlled, and less-than-truckload carriers across the United States, Canada, and Mexico. (PRNewswire)

June 23, 2026 – Bristow announced a definitive agreement to acquire Texas-based Berry Aviation from parent Acorn Capital Management for $105M in an all-cash transaction, expected to close in the third quarter of 2026. (YahooFinance)

June 22, 2026 – FM Logistic announces the signing of an agreement to acquire a majority stake in Germany’s Schäflein Group. With this move, the company gains its first foothold in Europe’s largest logistics market and positions itself as a leading pan-European player. (Schaeflein)

June 22, 2026 – C.H. Robinson (NASDAQ:CHRW), the global leader in Lean AI supply chains, announced it has acquired DeSpir Logistics, a specialized provider of secure transportation solutions and cargo escort services for mission-critical, high-value freight across North America.. (C.H. Robinson)

Building Products & Materials

June 22, 2026 – Building-materials supplier CRH will acquire rival Arcosa in a deal valued at roughly $8.5B, including debt. (WSJ)

June 22, 2026 – ABC Supply Co., Inc., the largest wholesale distributor of roofing, and other select exterior and interior building products in North America, has acquired the assets of Koch Building Products, a long-standing distributor located at 1615 E. Perkins Ave. in Sandusky, Ohio. This acquisition strengthens ABC Supply’s presence along the Lake Erie shoreline and improves service for contractors and builders in northern Ohio. (ABC Supply Co)


Energy

June 26, 2026 – EDF signed an agreement to sell EDF ​Power Solutions in the United States and Canada ‌to private equity firm KKR. KKR will acquire the ​operations and assets. In the U.S. ​and Canada, EDF Power Solutions operates ⁠5.6 gigawatts of renewable assets. (Reuters)

June 24, 2026 – Italian energy contractor Saipem has agreed to sell its shallow-water offshore drilling ​business in Saudi Arabia in a ‌deal worth $285M. (Reuters)

June 24, 2026 – Ratio Petroleum Energy has agreed to buy Pharos Energy in an all-cash deal valued at $164M, giving the Israel-based energy company access to production assets ​in Egypt and Vietnam. (Reuters)

Others

June 25, 2026 – ON Semiconductor agreed to acquire Synaptics in an all-stock transaction with an enterprise value of around $7B. (WSJ)

June 25, 2026 – Germany’s Merck struck a deal to buy U.S. life-sciences tools supplier Bio-Techne for $11.3B, in an early move under its new chief executive to bulk up its lab-tools business. (WSJ)

Top News Stories

Metals & Mining

EU delays aluminum scrap export curbs till September: Will India seize the opportunity? As reported by the industrial association European Aluminum and other related sources, the European Union’s implementation of measures to curb aluminum scrap export have been postponed till September, 2026. The update has emerged in the midst of the calls made by the European aluminum industry for pushing recycling efforts to promote circularity and decarbonization.

RUSAL’s first aluminum smelter fully transitions to modern Russian gas cleaning systems. RUSAL’s Irkutsk Aluminum Smelter has become the first aluminum plant in the industry to fully transition to modern Russian gas cleaning systems. Investments in the project amounted to approximately $40M.

U.S. invests $250M in Robert Friedland startup for chip making. I-Pulse Inc. will receive $250M in U.S. funding for semiconductor and pulsed-power development as the venture co-founded by Robert Friedland joins American efforts to reduce reliance on foreign-chip supply chains.

Century Aluminum-Brimstone MoU to cut alumina import and bolster U.S. aluminum supply chain. U.S.-based primary aluminum producer Century Aluminum and American innovator in alumina and other industrial materials, Brimstone, have signed a memorandum of understanding aimed at creating what could become the first fully domestic U.S. "mine-to-metal" aluminum supply chain, strengthening the country’s access to critical raw materials while reducing dependence on imports.

Anglo American, Codelco to add 2.7Mt copper with no new mine. Anglo American (LON:AAL) and Chilean state-owned miner Codelco have finalized a landmark agreement to combine development plans at their neighboring Los Bronces and Andina mines, unlocking at least $5B in value and adding 2.7 million tonnes of copper production over 21 years.

Transportation & Logistics

Trade uncertainty leads South Carolina Ports to temporarily shut down container terminal. South Carolina Ports said it will pause operations at the Hugh K. Leatherman Terminal in North Charleston, with the shutdown scheduled to begin soon, citing an uncertain trade outlook in the second half of 2026 and the need to reduce costs.

CSX officially opens $495M Baltimore intermodal rail tunnel project. In Baltimore, CSX executives and a host of dignitaries inaugurated a $495M rail tunnel project that’s expected to boost intermodal container traffic at the city’s port, and along the I-95 East Coast corridor.

Energy

Trump clean energy tax credit cutoff drives project rush as prices set to soar. U.S. solar developers have secured federal subsidies for a wave of projects ​large enough to nearly double current capacity, rushing to beat a July 4 deadline that could send renewable power costs sharply higher.

Oil set for big weekly losses as tankers exit Strait of Hormuz. Crude prices plunged by ​about 3%, on course for steep weekly losses, as more oil tankers exited the Strait ‌of Hormuz, easing supply concerns, even though a cargo vessel was hit near Oman.

U.S. regulator approves Mountain Valley Southgate pipeline construction in North Carolina. The U.S. Federal Energy Regulatory Commission approved Mountain Valley Pipeline’s request to ​begin construction of the North Carolina ‌portion of its Southgate Amendment Project, according to a letter from FERC’s Office of Energy Projects.

U.S. announces $17.5B in loans for nuclear power supply chain. The ​U.S. Department of Energy announced $17.5B in conditional loans for utilities and energy companies to purchase ‌parts needed to strengthen the U.S. commercial nuclear supply chain.

NatPower, Tesla reach deal on first phase of $5B battery storage plan. Independent energy firm NatPower and Tesla said they ​had reached a deal to build 25 gigawatt ​hours of battery storage in Italy and Britain, ⁠the first phase of a project worth up ​to $5B.

Azule Energy gives final go-ahead to $5.1B Angola offshore project. Azule Energy, a joint venture between BP and Eni ‌and its partners have approved the $5.1B Greater PAJ offshore oil project in Angola, company and government officials said at a signing ceremony.

Others

Apple raises prices on Macs, iPads by $200 or more on some models. Apple raised the prices of its Macs and iPads, a week after Chief Executive Tim Cook said the soaring costs of memory and storage chips would force the company’s hand.

Lockheed Martin gets more than $35B U.S. contract for Thaad Systems. Lockheed Martin nabbed a $35.35B contract from the U.S. government to quadruple production of its high-end Thaad missile-defense systems.

About RJM

RJM & Company is a specialized M&A and capital markets advisory investment bank. We provide boards and management teams of public and private companies with independent advice and expertise in a variety of sectors including road, rail and marine transportation, infrastructure, chemicals, energy, metals and mining, manufacturing, building materials, and other coverage areas of the industrial complex. RJM advises clients on all aspects of transactions including timing, structure, and pricing. RJM originates opportunities and helps negotiate and execute transactions already under evaluation.

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