Arcosa, Inc. Announces Completion of Ameron Acquisition
Arcosa, Inc. (ACA)
Last arcosa, inc. earnings: 4/28 04:15 pm
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Source: Business Wire
Expands Traffic and Telecommunication Structures OfferingsProvides Entry into Complementary Concrete and Steel Pole Lighting MarketTransaction Accelerates Engineered Structures Growth Profile DALLAS--(BUSINESS WIRE)--Arcosa, Inc. (NYSE: ACA) (“Arcosa,” the “Company,” “We,” or “Our,”), a provider of infrastructure-related products and solutions, today announced that it has completed the previously announced acquisition of Ameron Pole Products LLC (“Ameron”) from NOV Inc. (NYSE: NOV) for $180 million.Founded in 1970, Ameron is a leading manufacturer of highly engineered, premium concrete and steel poles for a broad range of infrastructure applications, including lighting, traffic, electric distribution, and small-cell telecom. With four manufacturing facilities strategically located in Alabama, California, and Oklahoma, Ameron serves its customers with a nationwide presence. For the year ended December 31, 2023, Ameron had revenues of approximately $94 million and Adjusted EBITDA of
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