Eco Material Technologies Acquired by CRH for $2.1 Billion
Deal News | Jul 29, 2025 | Warburg Pincus
Warburg Pincus, One Equity Partners, and Green Cement Investments have agreed to sell Eco Material Technologies to CRH for a total consideration of $2.1 billion. Founded in 2022 through the merger of Boral Limited's North American fly ash business and Green Cement Inc, Eco Material Technologies is a leading supplier of Supplementary Cementitious Materials in North America, focusing on environmentally friendly, near-zero carbon cement products. Headquartered in Utah, the company operates over 125 utility source locations, processing and recycling millions of tons of materials annually. The acquisition by CRH is expected to leverage CRH's distribution network to enhance the growth of Eco Material. The transaction, pending regulatory approval, is anticipated to close in 2025. Jefferies LLC and Latham & Watkins LLP are advising Eco Material on the deal.
Sectors
- Construction Materials
- Private Equity
Geography
- United States – Eco Material Technologies is headquartered in Utah, and the deal involves North American operations and markets.
- Ireland – CRH, the acquiring company, is headquartered in Ireland, highlighting international aspects of the transaction.
Industry
- Construction Materials – The article involves Eco Material Technologies, a company that supplies supplementary cementitious materials and near-zero-carbon cement, key components in the construction industry.
- Private Equity – The article discusses the involvement of private equity firms One Equity Partners and Warburg Pincus in the sale of Eco Material Technologies.
Financials
- $2.1 billion – The total consideration for the sale of Eco Material Technologies to CRH.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Eco Material Technologies | Target Company | Company | A leading independent supplier of SCMs in North America, formed in 2022. |
| One Equity Partners | Selling Company | Company | A middle-market private equity firm that launched Eco Material Technologies. |
| Warburg Pincus | Selling Company | Company | A global growth investor and partner in the launch of Eco Material Technologies. |
| Green Cement Investments | Selling Company | Company | Investment firm involved in the launch and subsequent sale of Eco Material Technologies. |
| CRH | Bidding Company | Company | A global leader in building materials, acquiring Eco Material Technologies. |
| Jefferies LLC | Financial Advisor | Company | Acting as financial advisor to Eco Material Technologies for the transaction. |
| Latham & Watkins LLP | Legal Advisor | Company | Providing legal advisory services to Eco Material Technologies for the transaction. |