Arcosa acquires Ameron Pole Products from NOV for $180M; accretive to margins

Arcosa, Inc.

Purchase price $180M cash; funded via cash on hand and revolving credit facility.
Expected close in Q2 2024; subject to HSR and customary conditions.
Ameron had 2023 revenue ~$94M and Adjusted EBITDA ~$20M (9.0x EBITDA multiple).
Adds concrete and steel lighting poles; expands traffic and telecom product lines.
Acquisition is accretive to overall Arcosa margins; bolsters Engineered Structures segment.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.98

Arcosa, Inc. entered into Membership Interest Purchase Agreement with National Oilwell Varco, L.P. valued at approximately $180 million (effective 2024-03-08).

Action: entry
Agreement: asset purchase
Counterparty: National Oilwell Varco, L.P.
Value: approximately $180 million
Effective: 2024-03-08

Exact text from the filing

On March 8, 2024, CEMC Services, LLC (“Purchaser”), a Delaware limited liability company and wholly owned subsidiary of Arcosa, Inc. (“Arcosa”), entered into a Membership Interest Purchase Agreement (the “Purchase Agreement”) with National Oilwell Varco, L.P., a Delaware limited partnership (the “Seller”) and, solely for the purposes of Section VI.3(c) (Confidentiality) and Section VI.12 (Buyer Guarantor), Arcosa.

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Arcosa, Inc. filing history →

Source: SEC EDGAR

accession 0001739445-24-000030

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