Northwest Pipe closes $87.4M ParkUSA acquisition; ParkUSA 2020 revenue $66.5M, net income $9.7M

NWPX Infrastructure, Inc.

Purchase price ~$87.4M net of cash; closed Oct 5, 2021.
ParkUSA audited 2020 revenue $66.5M, gross profit $28.0M, net income $9.7M.
Nine-month 2021 revenue $52.2M, net income $4.6M (incl. $2.0M PPP forgiveness).
ParkUSA has three manufacturing facilities in Texas; products for water, wastewater, environmental.
Pro forma financial statements included for combined entity as of Sep 30, 2021.

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