Eco Material Technologies to Be Acquired by CRH for $2.1 Billion

Deal News | Jul 29, 2025 | One Equity Partners

In a major shift in the construction materials industry, One Equity Partners, Warburg Pincus, and Green Cement Investments have announced the sale of Eco Material Technologies to CRH for $2.1 billion. Founded in 2022, Eco Material Technologies emerged from the merger of Boral Limited's North American fly ash business and Green Cement Inc., gaining prominence as a leading supplier of Supplementary Cementitious Materials (SCMs) in North America. Headquartered in Utah, the company boasts an extensive network of over 125 facilities, focused on providing cement alternatives that significantly reduce carbon emissions. The transaction reflects the strategic partnership between One Equity Partners and Warburg Pincus, which has fostered considerable growth in Eco Material's network since its inception. As the deal awaits regulatory approval and closing conditions, CRH is poised to leverage its extensive distribution network to propel Eco Material's future growth. Jefferies LLC and Latham & Watkins LLP are advising Eco Material on the financial and legal aspects of the transaction.

Sectors

  • Private Equity
  • Construction Materials
  • Environmental Services

Geography

  • United States – Eco Material Technologies is headquartered in Utah and operates in North America, focusing on U.S.-based construction material markets.
  • Europe – One Equity Partners and Warburg Pincus have headquarters in multiple European cities, and CRH is based in Europe.

Industry

  • Private Equity – The article involves private equity firms One Equity Partners and Warburg Pincus as key stakeholders in the transaction.
  • Construction Materials – Eco Material Technologies operates within this sector, providing supplementary cementitious materials.
  • Environmental Services – Eco Material Technologies provides environmentally focused cement alternatives and waste management services, contributing to reduced emissions.

Financials

  • $2.1 billion – Total consideration for the acquisition of Eco Material Technologies by CRH.

Participants

NameRoleTypeDescription
Eco Material TechnologiesTarget CompanyCompanyA leading independent supplier of Supplementary Cementitious Materials in North America, focusing on environmentally friendly cement alternatives.
One Equity PartnersSelling CompanyCompanyA middle market private equity firm focusing on industrial, healthcare, and technology sectors.
Warburg PincusSelling CompanyCompanyA private equity firm specializing in global growth investing with extensive assets under management.
Green Cement InvestmentsSelling CompanyCompanyInvolved in the investment with One Equity Partners and Warburg Pincus in Eco Material Technologies.
CRHBidding CompanyCompanyA global leader in building materials which is acquiring Eco Material Technologies.
Jefferies LLCFinancial AdvisorCompanyInvestment bank serving as financial advisor to Eco Material Technologies in the sale process.
Latham & Watkins LLPLegal AdvisorCompanyLaw firm serving as legal advisor to Eco Material Technologies.
Matt HughesPartnerPersonPartner at One Equity Partners providing a statement on the transaction.
Roy Ben-DorManaging DirectorPersonManaging Director and Head of Energy Transition and Sustainability at Warburg Pincus.
Grant QuashaCEOPersonChief Executive Officer of Eco Material Technologies.