The Power Play
Arcosa (NYSE:ACA) unveiled a bold move on Monday, announcing its intention to purchase Ameron Pole Products from NOV Inc. in a hefty $180 million deal, expanding its presence into the concrete and steel pole lighting market.
The Reinforced Foundation
Ameron, renowned for its premium concrete and steel poles tailored for a diverse array of infrastructure needs such as lighting, traffic management, electric delivery, and small-cell telecom networks, reported robust revenues of $94 million in the fiscal year 2023.
Arcosa (ACA) justified the acquisition by highlighting the synergy it brings to its Engineered Structures division, propelling the company’s foothold in flourishing infrastructure sectors with an enticing payoff.