The Justice Department’s Antitrust Division on Thursday announced it has closed investigations into two company acquisitions that raised competition concerns in local asphalt markets. The division referred both matters to state attorneys general, and the companies reached agreements with those states.
The deals are the purchase of Suit-Kote Corporation by Colas Inc., a subsidiary of Bouygues S.A., and the purchase of Arcosa Inc. by CRH plc. According to the division, the concerns in each case were limited to specific geographic areas.
In the first case, Bouygues (Colas) announced in August 2025 that it planned to buy Suit-Kote. Both companies sell asphalt pavement products and services to commercial and government customers in New York and Pennsylvania. The division opened an investigation and issued Second Requests to the companies in October 2025. A Second Request is a demand for more information during a merger review.
The division said it found only discrete areas in New York and Pennsylvania where the merger would reduce the number of asphalt suppliers. It referred the matter to those states. The companies had offered the division a sale of certain facilities serving those areas, and the division fully referred the matter so the states could discuss possible remedies with the parties.
The companies and the states later agreed to a settlement that includes the sale of four facilities in New York and Pennsylvania. The division cited a New York attorney general document dated Oct. 13, 2026, and a Pennsylvania lawsuit filed the same day in the Western District of Pennsylvania.
In the second case, CRH, an Irish building materials provider, announced in June 2026 that it planned to buy Arcosa, a U.S.-based infrastructure-related materials provider, for about $8.5 billion. The division opened an investigation. It said its preliminary work narrowed the potential concerns to a local market for hot-mix asphalt in a region within New Jersey.
The division referred that matter to the New Jersey Attorney General. It kept its investigation open without issuing a Second Request, so it could monitor progress with the state and help resolve local concerns quickly.
After the referral, the companies agreed with the New Jersey Attorney General to sell certain facilities in New Jersey. The division cited a case, Davenport v. CRH plc, filed Oct. 20, 2026, in the District of New Jersey. The division did not say how many facilities are involved or where they are.
The division said it commends the states and the companies for resolving the states’ competition concerns. It said it takes no position on the terms of the settlements. It also said it continues to prioritize efficient use of federal enforcement resources and to support state attorneys general in local matters.
The announcement did not say when the acquisitions are expected to close.