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Mergers & Acquisitions ·

Martin Marietta completes acquisition of Lhoist North America for $12.9B in cash and stock

MLMMartin Marietta Materials Inc

Martin Marietta Materials consummated its acquisition of Lhoist North America, Inc. on August 21, 2026, paying total consideration of $12.887 billion. The deal was funded with $7.028 billion in cash and the issuance of approximately 10.95 million shares valued at $5.859 billion. To finance the transaction, Martin Marietta issued $5.5 billion in senior notes due between 2029 and 2056, borrowed $1.5 billion under a term loan facility, and utilized its revolving credit facility. The filing provides updated pro forma financial statements reflecting preliminary purchase price accounting adjustments for the year ended December 31, 2025 and the six months ended June 30, 2026. Martin Marietta Materials produces and distributes construction aggregates and related products.

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